McColl Partners, LLC acted as financial advisor to Career Step, LLC ("Career Step" or the "Company") in its management recapitalization with DW Healthcare Partners ("DWHP") and BB&T Capital Partners, LLC ("BB&T"). The transaction enables Career Step's shareholders to realize liquidity while maintaining a meaningful ownership stake in Career Step going forward. Moreover, the transaction is anticipated to accelerate the Company's growth into new allied health disciplines through access to institutional capital and the enhancement of the Company's leadership team.
About Career Step, LLC
Career Step, headquartered in Springville, Utah, is a leading provider of online healthcare education courses to students throughout the world. The Company has provided distance education training in medical transcription and medical coding to over 20,000 students in all 50 states and several foreign countries. Career Step strives to be the leading provider of proficiency-driven education in the allied health field.
About DW Healthcare Partners
DW Healthcare Partners, headquartered in Salt Lake City, Utah, is a private equity firm focused exclusively on the healthcare industry. The firm is led by four seasoned healthcare executives with more than 80 years of combined industry experience. DWHP invests in profitable healthcare companies with proven management teams.
About BB&T Capital Partners, LLC
BB&T Capital Partners, LLC, headquartered in Winston-Salem, North Carolina, is a private equity firm that invests in privately-held middle-market businesses throughout the United States. Since its inception in 1997, BB&T has invested equity and junior capital in more than 30 companies.
About McColl Partners, LLC
McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies. With significant experience working with entrepreneurs, family-owned businesses, private equity groups, public companies, financial institutions, and divisions of large companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.
For more information about this transaction or our Healthcare or Education Services Groups, please contact Dave Vorhoff, head of the firm's Healthcare Group or Phil Colaco, head of the firm's Education Services Group, at (704) 333-0525. More information about McColl Partners can be found at www.mccollpartners.com.
