Porter Hedges represented Houston-based Medic-CE.com LLC ("Medic-CE.com") in its acquisition by Career Step LLC ("Career Step"), a portfolio company of Denver-based private equity firm Revelstoke Capital Partners ("Revelstoke").
Founded in 2006, Medic-CE is one of the leading providers of online continuing education for emergency medical service ("EMS") and firefighting professionals. Medic-CE currently serves over 75,000 learner subscribers as well as more than 200 unique EMS and fire departments throughout the country.
Career Step, based in Lehi, Utah, is a leading provider of online, career-focused education and professional training programs in the high-growth healthcare sector. Career Step has proprietary course content developed by industry experts and distributed through a robust online learning management system.
Since 2013, Revelstoke has raised in excess of $700 million in equity commitments across its various investing entities and has completed 25 acquisitions totaling over $1.2 billion in enterprise value.
The Porter Hedges team was led by Corporate partner Mike Larkin with assistance from Tax partner Jim Reardon, Intellectual Property partner Derek Forinash, and Corporate associate Allison Wilbanks.
For additional details on the transaction, see the press release here.