William Blair & Company acted as exclusive financial advisor to I DRIVE SAFELY, LLC ("IDS") in connection with its majority investment from Compass Investment Partners. Transaction terms were not disclosed. This was William Blair’s 34th Knowledge Services transaction, representing approximately $3 billion in cumulative transaction value.
IDS is the leader in innovative driver training services by providing effective programs and superior customer service. The Company is committed to fostering positive driving attitudes which will reduce collisions and save lives for individuals, as well as for corporations and institutions with owned or leased vehicle fleets. The Company offers a comprehensive suite of driver training and education programs and has over 4 million satisfied customers. The company was founded in 1998 and is headquartered in San Diego, California serving drivers in all 50 states and Canada.
Compass Investment Partners is a New York based private equity firm focused on investing in growth-oriented, middle-market companies across the Business Information and Outsourced Services markets in North America. The fund seeks to invest in proven, profitable businesses that provide their customer bases with critical information, proprietary content and value-added outsourced services. Targeted sectors for investment include: B2B information management, marketing services, business process outsourcing and knowledge services.
William Blair was engaged by IDS to evaluate various strategic and financial alternatives. In connection with the engagement, William Blair marketed the Company to a targeted group of potential strategic and financial partners, created a management presentation, coordinated the due diligence process and assisted in negotiating the key elements of the letter of intent and definitive purchase agreement. In addition, William Blair assisted the founders in evaluating various transaction structures and equity rollover options that were presented by potential partners.
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