The Vistria Group Completes Majority Recapitalization of Education Solutions Services (ESS)
March 15, 2022
The Vistria Group has acquired a majority stake in Education Solutions Services (ESS), a Knoxville-based K-12 staffing and virtual instruction provider; Nautic Partners sold the majority interest but will remain a minority investor. Comvest Credit Partners acted as administrative agent on a senior secured credit facility to support the transaction. ESS serves roughly 900 school districts (over 4 million students) and will use the new partnership to accelerate growth and expand its virtual and managed staffing capabilities.
- Buyers
- The Vistria Group, Nautic Partners
- Targets
- Education Solutions Services (ESS)
- Sellers
- Nautic Partners
- Industry
- Education
- Location
- Tennessee, United States
- Transaction Type
- Recapitalization
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