KnowledgeVine acquired by Alliant Insurance Services
a leading provider of software-based training and assessment services for companies seeking workforce error reduction through Human Performance Improvement (HPI) technologies
has been acquired by
Background
- Evangeline Securities (“Evangeline”) was engaged by KnowledgeVine, LLC (the “Company”), headquartered in Zachary, LA, to run an auction process for a majority stake sale of a leading provider of software-based training and assessment services for companies seeking workforce error reduction through Human Performance Improvement (HPI) technologies
- The Company, founded in 2014, offers on-site risk mitigation coaching complemented by online training services to significantly reduce workplace incidents
- The CEO and CFO (the “Owners”) of the Company requested a robust auction process to sell a majority stake to a strategic partner, specifically in the insurance sector, while retaining a material minority stake in the business, allowing the Owners to partake in considerable upside
Process
- After performing a full valuation analysis for the Company, Evangeline launched a robust auction process, personally contacting over 300 strategic and institutional players with ~150 NDA’s signed
- The auction process proved extremely successful, leading to multiple term sheets from investors around the country and a partnership that will both transform the insurance industry and position the Owners for exceptional growth
Result
- The Company was proud to consummate the transaction with one of the nation’s largest specialty insurance brokerages, Alliant Insurance Services
- Per Founder/CEO David W. Bowman, “Evangeline’s extraordinary financial advisory services were invaluable in the successful consummation of this revolutionary transaction, which will serve as a paradigm shift for the insurance industry writ large. We are beyond enthused to partner with the innovative leadership team at Alliant in our mutual effort to quite literally change the world”