O2B Kids, founded in 1998 by Andy Sherrard and Danny Stevens, is a leading provider of early education services for children in the Southeast U.S. O2B operates early education schools in Florida offering preschool, before/after school, summer camp and family membership programs educating over 5,000 children annually. All O2B schools are designated by the State of Florida as Gold Seal Quality and applicable schools are accredited by The National Accreditation Commission (“NAC”) for Early Care and Education Programs. O2B utilizes its internally developed proprietary curriculum and provides classes for music, dance, sports, science, arts, language and other elective activities. O2B is headquartered in Gainesville, Florida and has over 400 employees.
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.
Rainbow Early Education Holdings (“REEH”) is a leading provider of early education services in the Midwest, Mid-Atlantic and Southeast. Rainbow was formed in April 2010 through the merger of Rainbow Child Development, Little Pro’s Academy Holdings and Mayberry Learning Center. Rainbow operates 106 early education schools as well as before/after school programs in 12 states across the Midwest, Mid-Atlantic and Southeast. Rainbow’s enrollment and offerings are geared towards the premium market and receives over 90% of its revenue from private pay tuition. Rainbow primarily serves its local community customers near its schools, but has focused on expanding its corporate early education services to commercial partners including Chrysler, Ford, Whirlpool, Zimmer, GM, IBM, Bank of America, Fidelity, local area hospitals and others.
Spire Capital invested in Certiport in November 2007. Under Spire Capital’s management, Certiport developed, marketed and distributed education and certification software testing programs in a Software-as-a-Service (SaaS) environment for end-users of Microsoft, Adobe, Intuit, Autodesk, CompTIA, HP and Digital Literacy programs in the academic, corporate and workforce segments worldwide. Certiport developed proprietary electronic certifications and operated a worldwide marketing and distribution network, consisting of more than 12,000 testing centers with secure online access to Certiport’s applications. Spire Capital exited the investment in Certiport in May 2012 to Pearson Vue.