Generational Group Advises Fleet Safety International in its Sale to We Know Training
July 05 2024 - 10:00AM
Business Wire
Generational Group, a leading mergers and acquisitions advisor
for privately held businesses, is pleased to announce the sale of
its client, Fleet Safety International (FSI) to We Know Training.
The transaction closed June 10, 2024.
We Know Training, headquartered in Edmonton, Alberta, is a
technology-enabled, international learning solution provider. With
this acquisition, We Know Training has expanded its educational
service offerings into the driver safety industry and will serve as
a platform for FSI’s continued growth and innovation.
Established in 1986, Fleet Safety International (FSI) is a
prominent provider of online driver education and in-vehicle
training based in Calgary, Alberta. Renowned for its research and
behavior-based driver education solutions, FSI prides itself on
setting the driver training standard in Canada.
“Fleet Safety International has been known for providing
industry-leading driver safety solutions for more than 40 years,
and we’re thrilled to welcome them to the We Know Training team,”
said Chris LaBossiere, President and CEO of We Know Training.
“Since its inception, they’ve looked to the future of driver
safety, and that commitment to industry innovation drew us to
them.”
Both companies will continue to operate within their respective
structures during an integration period before eventually
transitioning operations and integrating training solutions under
the We Know Training brand.
“By bringing together our two companies, we’ve created a
structure that adds value to the driver safety training ecosystem
through a combined knowledge base and a broader reach,” said Dr.
Randy Flemmer, President of FSI, who will stay on in an advisory
capacity. “It means more bench strength to innovate and improve
driver safety, and increased capacity to equip more drivers with
safety skills and reduce collision rates across Canada and
beyond.”
Executive Managing Director, Western Region, Lori Galloway and
her team led by Managing Director of M&A Ted Rattenberry,
successfully closed the transaction. Senior Managing Director Terry
Stidham established the initial relationship with FSI.
Rattenberry expressed his anticipation about the prospects of
the integrated operation: “The collaboration between We Know
Training and Fleet Safety International will surely result in
continued innovation of customized training solutions for driver
safety.”
About Generational
Headquartered in Dallas, Generational is one of the leading
M&A advisory firms in North America.
With more than 350 professionals located throughout 17 offices
in North America, the companies help business owners release their
business's wealth by providing growth consulting, merger,
acquisition, and wealth management services. Their six-step
approach features strategic and tactical growth consulting, exit
planning education, business valuation, value enhancement
strategies, M&A transactional services, and wealth
management.
The M&A Advisor named the company Investment Banking Firm of
the Year three years in a row, Valuation Firm of the Year in 2020,
and North American Investment Bank of the Year in 2022 as well as
Consulting Firm of the Year in 2022 and 2023. For more information,
visit https://www.generational.com.
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Jenna Gaston 469-694-8764 jgaston@generational.com