Bear Growth Capital Partners has sponsored a majority recap of Crestcom International LLC, a Denver-based global franchisor of management skills training systems. No financial terms were disclosed.
Bear Growth Capital Partners (“BGCP“), an affiliate of Bear Stearns Merchant Banking, today announced a majority investment in Crestcom International, LLC (“Crestcom“) in connection with a recapitalization of the company. Crestcom's existing management team will remain in place following the transaction and continue to own a significant equity stake. Crestcom is a leading global franchisor of management skills training. Terms of the deal were not disclosed.
Based in Denver, Crestcom was founded by CEO Hal Krause in 1987. Crestcom's management team also includes John Krause, Executive Vice President; Don Boselli, Vice President of Operations; and Kelly Krause, Vice President of International Marketing and Development. For nearly two decades, Crestcom has provided clients with highly relevant training modules that focus on the critical skills necessary for managers in any industry and in any geography to succeed. Crestcom utilizes a franchise system to deliver its content through seminars that combine video-based instruction featuring experts in their respective fields blended with live instruction and reinforcement from the franchisee trainer. Crestcom currently has 193 individual franchisees who own more than 225 franchises in more than 53 countries.
“We are excited to announce this investment and look forward to working with Crestcom's talented and committed management team,“ said Paul Lattanzio, Senior Managing Director of Bear Growth Capital Partners. “With its strong track record and highly relevant training content, Crestcom is well positioned to take advantage of continued opportunities for growth in the management skills training market.“
Crestcom CEO Hal Krause said, “We are delighted to work with BGCP's knowledgeable team to help achieve future growth. BGCP's expertise and relationships will enable Crestcom to continue to expand our franchise base and maximize the market opportunities that exist for the company.“
About Crestcom International, LLC
Crestcom International, LLC (“Crestcom“) is a global provider of management skills training headquartered near Denver, Colorado. Founded in 1987 by CEO Hal Krause, Crestcom provides its clients highly relevant, immediately actionable training modules that focus on the critical skills necessary for managers in any industry and in any geography to succeed.
Crestcom's core product offering is The Bullet Proof