Acquisition of Smith System Driver Improvement Institute Completed
Leichtman Capital Partners, a Los Angeles-based private equity firm, has announced that it has completed the acquisition of Smith System Driver Improvement Institute.
Based in Arlington, Texas, Smith is considered the leader in accident avoidance training for fleet vehicle drivers.
Founded in 1952, Smith works with fleet managers to provide training programs and content resources to change driver behaviors. To date, Smith has trained millions of drivers in over 100 countries and in 22 languages through its on-road, classroom, e-learning and new technology-based training and driver improvement programs.
Tony Douglas, Smith’s Chief Executive Officer, and his management team will retain significant ownership in the company and will continue to lead Smith.
Levine Leichtman Capital Partners manages approximately $7.0 billion of institutional investment capital through private equity partnerships, various debt and leveraged loan funds.
Category: General Update
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