Private equity firm the Riverside Co. has purchased Corporate Training Technologies LLC to add to portfolio company OnCourse Learning, in its fourth deal announced this week.
Norristown, Pa.-based Corporate Training, which does business as BankersEdge, provides regulatory, employment and leadership training for bank and credit union workers. Terms of the transaction were not disclosed.
The deal will expand OnCourse’s regulatory compliance assets.
In November, Riverside purchased Digital University, an online bank and credit union regulatory-compliance training tool, to add to OnCourse. In September 2012, the firm bought CompuTaught, which was also added to OnCourse.
Waukesha, Wisc.-based OnCourse provides training and learning tools for the financial services, real estate and information technology industries.
Riverside, headquartered in Cleveland and New York, has more than $3.5 billion assets under management and has completed more than 300 acquisitions. Riverside picked up Rutland Plastics Inc., Kygen Co., and sold AIA Corp. in the same week as the Corporate Training acquisition. The firm was named Mergers & Acquisitions’ Private Equity Firm of the Year for 2012. For more on Riverside, see “Riverside on a Roll.”
For more on education, see "With Dealmakers, School is Still in Session."