Grace Hill Announces Relationship with Investment Partner, The Riverside Company
- Aug 25, 2014
Augusta, Ga.—Grace Hill Inc., a provider of online education and learning management solutions for the multifamily housing industry, has announced its relationship with investment partner, The Riverside Company, as the firm prepares to accelerate growth and introduce new training products and education services for multifamily housing professionals.
The Riverside Company has added to its education and training portfolio by investing in Grace Hill, Inc. Based in Augusta, Georgia, Grace Hill specializes in providing a suite of training and education offerings for property management professionals. The company enables property management firms to train employees with a cost-effective on-demand tool, ensuring that they are compliant with a myriad of rules and regulations on topics as wide ranging as Fair Housing, OSHA regulations, sexual harassment prevention, and more. Since its founding in 1998, Grace Hill has provided education and networking opportunities for owners, employees and managers in the multifamily industry. Grace Hill currently serves more than 400,000 members worldwide who collectively take more than 850,000 online courses annually via gracehill.com.
Riverside has completed more than 40 transactions within its Education & Training Specialization. Working with Sauer on the transaction for Riverside were Managing Partner Loren Schlachet, Operating Partner Mike Eblin, Vice President John McKernan and Associate Ryan Philyaw. Freeport Capital provided financing for the transaction and Riverside was advised by Jones Day and Deloitte. Terms of the transaction were not disclosed.