News Column

BV Investment Partners' PetroSkills Buys Resource Development Company

January 19, 2014

BV Investment Partners , a middle-market private equity firm investing in the information and business services and communications sectors, announced that its Fund VII portfolio company, PetroSkills, a provider of competency-based training, software and information solutions for energy companies worldwide, has acquired Resource Development Company , a provider of e-Learning content and software to the petroleum industry. According to a release, RDC's ePilot e-Learning content library, which covers disciplines within midstream, downstream and related oil, gas and chemical markets, complements PetroSkills' library of technical content and enhances PetroSkills' digital offering. RDC also provides a technology platform, ActiveLearner, that strengthens PetroSkills' virtual and hybrid learning delivery capabilities and broadens the range of products and services available to members of the PetroSkills Alliance and to PetroSkills' customers worldwide. The RDC transaction represents the second strategic acquisition for PetroSkills under BV's stewardship. Justin H. Harrison , a Managing Director at BV, said, "RDC's e- Learning modules and best-in-class technology platform further strengthen PetroSkills' comprehensive suite of workforce development solutions and substantially deepen its digital content library. This acquisition is a part of a compelling long-term plan for the Company that includes both organic and acquisition-driven growth initiatives. The founders and management team at PetroSkills have been successful in executing on this aggressive plan, positioning the Company well for a future successful exit for our investors." RDC's ePilot e-Learning library contains more than 700 hours of industry-validated content covering: operation and maintenance; health, safety and environment; petrochemical; and a range of other topics. RDC's ActiveLearner learning management system provides flexibility and is fit for use in the application and management of RDC content, other third-party content and customer-generated e- Learning modules. "We are very excited about the addition of RDC to the PetroSkills family," said J. Ford Brett , PetroSkills CEO. "RDC has a long history of providing industry-leading e-Learning content and software to the petroleum industry. RDC solutions help assure the competency of tens of thousands of operators, technicians and professionals each year. Acquiring RDC enables us to provide broader, deeper and more flexible solutions to the needs of our customers and PetroSkills Alliance members in the development and assurance of the competency of their personnel." More information: www.PetroSkills.com www.bvlp.com ((Comments on this story may be sent to newsdesk@closeupmedia.com ))


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Professional Services Close - Up


Story Tools