Surgent Professional Education (“Surgent” or the Company) is a leading provider of professional education services within the accounting, auditing and taxation industries. Founded in 1985, Surgent serves a market that includes more than 675,000 Certified Public Accountants that are generally required to complete 40 hours of accredited continuing professional education (“CPE”) each year. Surgent serves more than 105,000 professionals in 50 states through its web based learning and on-site educational offerings. In delivering its instructional content, Surgent has historically leveraged the reach and membership bases of CPA state societies to provide continuing education required to fulfill CPA related CPE requirements specific to each state. In August 2014, Surgent acquired SurgentKolar CPA Review (“SCPAR”). SCPAR is a natural expansion of Surgent’s existing catalog of continuing professional education products. Since the acquisition, Surgent has continued to invest in the Company through a series of small transactions with two companies, Exam Matrix and Abitus, to procure certain assets for its growing SCPAR business, as well as other CPE and exam prep assets related to its existing CPE platform business.
Investment InformationInitial Investment Date: December 18, 2013
Status: Current Fund III Portfolio Company
Type of Investment: Fund III
Headquarters: Devon, PA