Evangeline Securities LLC (“Evangeline”) acted as the exclusive M&A advisor to Industrial Solutions Group, LLC (“ISG”) in the sale of one of its divisions, OQSG/Pinion (“Pinion”), a leading SaaS training and compliance certification platform for the energy industry based in Lafayette, LA.
Pinion was acquired by Arlington, TX-based Smith System (“Smith”), the leading driver safety training company and portfolio business of Levine Leichtman Capital Partners. Financial terms of the transaction were not disclosed. Pinion will be integrated into Smith, and the combined entity will provide comprehensive driver testing and compliance certification services across multiple industries.
Evangeline’s “exceptional marketing process identified an excellent steward for Pinion going forward in Smith System. We are very pleased with the results of their efforts and appreciate their guidance throughout this complex transaction,” said ISG owner Brent Stolzenthaler. Evangeline representatives stated that they “greatly appreciated the opportunity to advise ISG’s outstanding ownership group for the second time this year and look forward to working with them again in the future.”
About Evangeline Securities:
Evangeline Securities LLC provides investment banking services to lower middle market companies across a broad spectrum of industries. With offices in Lafayette and New Orleans, LA, the firm offers corporate finance, securities placement, M&A and restructuring expertise. Evangeline professionals bring their collective decades of experience to each assignment, having raised institutional capital and performed advisory services for deal sizes ranging from $10 million to over $100 million. For more information about Evangeline, please visit www.EvangelineSecurities.com.
Founded in 2000 as the Operator Qualification Solutions Group (“OQSG”), Pinion is a leading provider of Software-as-a-Service (“SaaS”) training and assessment tools to the energy industry, specifically web-based Department of Transportation (“DOT”) compliance education and personnel evaluation tools, as well as learning management systems. Pinion is headquartered in Lafayette, LA.
Based in Arlington, Texas, Smith is considered the pioneer and market leader in accident avoidance training for fleet vehicle drivers. Founded in 1952, Smith works with fleet managers of any vehicle type to provide training programs and content resources to change driver behaviors by focusing on Smith’s 5 Keys to On Road Driver Safety®. Smith has trained millions of drivers in over 100 countries and in 22 languages through its on-road, classroom, e-learning and new technology-based training and driver improvement programs making it the most comprehensive driver management solution provider. For more information about Smith, please visit www.drivedifferent.com.
About Levine Leichtman Capital Partners (“LLCP”):
LLCP is a Los Angeles, California based private investment firm that has managed approximately $9.8 billion of institutional capital since its inception. LLCP invests in middle market companies located in the United States and Europe. LLCP is currently making new investments through Levine Leichtman Capital Partners VI, L.P., LLCP Lower Middle Market Fund, L.P., Levine Leichtman Capital Partners Europe, L.P., and Levine Leichtman Strategic Capital, LLC. LLCP has offices in Los Angeles, New York, Dallas, Chicago, Charlotte, London and The Hague. For more information about LLCP, please visit www.llcp.com.
Securities offered through Independent Investment Bankers Corp. a broker-dealer, Member FINRA/SIPC. Evangeline Securities is an independent entity from Independent Investment Bankers Corp.