Kalkomey Enterprises, a leading provider of online safety education and agency management solutions for the outdoor recreation sector, has been successfully acquired by Cove Hill Partners, a Boston-based private equity firm. This strategic partnership marks a significant milestone for Kalkomey, setting the stage for continued innovation and expansion within the outdoor recreation industry.
“Partnering with Cove Hill is a pivotal moment for Kalkomey,” stated Jason Alexander, Chief Executive Officer of Kalkomey. “This collaboration empowers us to not only uphold our leadership in safety education and agency management but also to accelerate our innovation trajectory in the dynamic outdoor recreation landscape. We are excited to embark on this growth journey with Cove Hill.”
Kalkomey stands as a premier provider of online recreational safety education, certifications, and cloud-based agency management solutions. Their comprehensive services cater to both outdoor enthusiasts and government agencies across all 50 U.S. states, as well as internationally in regions like Australia, Canada, and the United Kingdom. Through its advanced learning management system, Kalkomey delivers officially approved safety education courses and certifications for a wide array of outdoor pursuits, including boating, hunting, and more. Impressively, Kalkomey trains and certifies nearly one million individuals annually, underscoring its significant impact on outdoor safety. Furthermore, their agency management solutions are instrumental in enhancing the operational efficiency of state agencies, streamlining processes from licensing and registration to compliance and reporting. By seamlessly integrating its online education and management tools, Kalkomey provides a unified platform that simplifies recreational safety management, encourages greater participation in outdoor activities, and strengthens civic engagement.
Cove Hill Partners is distinguished as a private equity firm with a long-term investment horizon, dedicated to partnering with management teams within the consumer and technology sectors. With a substantial long-duration fund exceeding $1 billion in commitments, Cove Hill demonstrates its robust financial backing and commitment to long-term growth. Founded in 2017 by experienced private equity investors, Cove Hill invests its own capital alongside a select group of like-minded investors, highlighting a strong alignment of interests. Andrew Balson, Zack Kaplan, and David Jackson, the founders of Cove Hill, have joined the Board of Kalkomey, signaling a close and collaborative partnership moving forward.
Harris Williams, a renowned global investment bank specializing in mergers and acquisitions advisory services, served as the advisor to Kalkomey in this significant transaction, facilitating the successful acquisition by Cove Hill Partners.
