WASHINGTON, DC. – Farragut Capital Partners, Inc. (“Farragut”) is pleased to announce the closing of an investment in Crestcom International Holdings, LLC (“Crestcom” or “the Company”). Farragut invested subordinated debt and preferred equity to refinance existing debt and support growth initiatives at the Company. The Crestcom transaction marks the second investment of the firm’s latest investment vehicle.
Headquartered in Denver, Colorado, Crestcom is a leading provider of management training and leadership development services which it conducts through a network of approximately 200 franchise outlets located in over 60 countries around the world. The Company was founded over 30 years ago and is owned by Progress Equity Partners, a lower middle market private equity firm with offices in Denver and Dallas. Crestcom’s training is a blend of live classroom seminars and video-based instruction supplemented by a growing collection of online curriculum and tools. The Company’s training is geared toward executives at small-to-midsize companies across industries. Crestcom’s franchise outlets are located in such diverse places as Germany, Canada, the U.S., Saudi Arabia, Vietnam, and India.
Alan Cuthbertson of Farragut said of the transaction, “We’re excited to partner with Progress Equity in this transaction. Crestcom has been a leader in the management training industry for decades and has built a sprawling network of franchises across the globe. With Progress Equity’s support and guidance, the Company has improved its core offering and laid the groundwork for meaningful growth over the coming years.”
Steve Sangalis of Progress Equity Partners added, “Partnering with Farragut provides us a tremendous opportunity to continue Crestcom’s growth. They have been true professionals to work with during the investment process and we are thrilled to be aligned with the team at Farragut.”