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Press Releases

Spire Capital Partners with Management of Surgent Tax & Accounting Education

 

December 19, 2013

Spire Capital, a lower middle market focused private equity firm
specializing in investments in the business services, information services,
education, media and communications sectors, today announced a partnership with
the management of Surgent Tax & Accounting Education (“Surgent” or the
“Company”), a trusted and innovative provider of continuing professional
education services to organizations and professionals in the accounting,
auditing and taxation industries.  This marks the first investment in Spire’s third fund. 


Founded in Devon, Pennsylvania in 1985, Surgent has built long term relationships with
state accounting societies throughout the United States as a leading provider
of live seminars, web based video instruction and self-study materials to state
society members. Surgent is also a leading provider of continuing education to
public accounting firms and directly to CPAs through its webinar, webcast and
self-study offerings.


Surgent serves a market that includes more than 1,200,000 accounting professionals
which are required to complete accredited continuing professional education
each year. In 2013, Surgent expects to serve more than 105,000 professionals in
50 states through its web based and on-site educational offerings.


“I am very excited to continue leading Surgent as a valued partner to our state
accounting society associations and to grow our public accounting firm offering
which includes enhanced curriculum for various experience levels, comprehensive
subject matter breadth and a foundational technology platform for our clients
to utilize”  said Jack Surgent, Chief Executive Officer of Surgent.  “Our goal
has always been to provide the best quality content and education in the
industry.  Partnering with Spire will provide
the strategic focus and resources needed to fuel our growth in the coming
years.”


“We see tremendous opportunity with the Surgent business,” said Bruce Hernandez,
Partner of Spire Capital. “The Company has developed strong relationships with
state accounting societies across the country since its founding while successfully
innovating and growing new products and delivery methods. For example, Surgent
will grow its recently introduced webinar annual subscriptions by greater than
100% in 2013. With strong management led by Jack and our demonstrated
investment expertise in the education industry, we believe we can build on
Surgent’s history and reputation to become the leading accounting education
technology business serving state accounting societies, public accounting firms
and industry accounting professionals.”

 

About Surgent Tax & Accounting Education

Surgent Tax & Accounting Education (“Surgent”) is a leading provider of
professional education and specialized career training services.  Within the accounting, auditing and taxation
industries, Surgent is recognized as one of the largest and most respected
providers of continuing professional education and training services throughout
the United States, offering a broad selection of courses and content delivered
through technology-based formats as well as live classroom instruction.  Surgent's extensive subject matter expertise,
brand recognition and multi-channel offering have enabled the Company to
establish and maintain a leading presence within its chosen markets.  For more information, please visit http://www.cpenow.com/.


About Spire Capital Partners
Founded in 2000, Spire Capital is an active and experienced private equity firm with an
investment focus in companies within the business services, information
services, media, education and communications sectors. Spire Capital leads
buyout investments in its areas of expertise and believes its deep industry
experience and network of relationships are invaluable in helping its portfolio
companies to grow and succeed. Spire Capital has managed over $700 million in
private equity commitments since its founding. 
For more information please visit www.spirecapital.com.

 

Contact:

Bruce M. Hernandez

Spire Capital Partners

610-397-1704

bhernandez@spirecapital.com