Business Description
Founded in 2004, company is a leading privately held company headquartered in Birmingham, AL, with offices in Montgomery, AL, and work from home offices in 4 other states. The company is a leader in classroom technology providing best of class technology and superior service that allows the person in the back of the classroom, other classroom, or location to experience the same audio and video as if they were sitting in the front roll.
Projects deployed in Alabama, Arkansas, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia. The broad capabilities that the company can bring to educators has allowed it to compete effectively. Further, growth in physical security, controlled by the teacher in the classroom has created a huge uplift to the business for years to come.
The success can be contributed to the management team’s broad experience arising from leading and managing a national recognized MSP company. The client base today includes reference accounts in nine (9) states that proves there is growth potential to become a regional player. The team members are experts in funding resources that provide schools the ability to change the way they teach using advance technologies in the classrooms, while leveraging that infrastructure to provide a more secure environment for teachers, students, and family members.
Investment Rationale
A survey of competitors concludes that company is one of the leading K12 providers in Alabama and Mississippi with reference accounts to expand into several more states in the future. While our customers may be able to obtain one or more of their services from competitors, our positioning as Classroom Technology experts with an unprecedented ability to bring funding to schools puts us in the lead.
The company has been profitable year over year due to conservative management practices, excellent processes/controls, and a passion to continue to improve. During the past several years, our identity has shifted from a product organization to a classroom solutions provider with huge funding expertise. We are embedded in a variety of markets but focused on areas that have a high demand for technology. We focus our energy on markets that have funding potential, thus helping our customers achieve their goals of excellent technology with lower local funding. We will overlay our systems and processes to grow naturally in those new markets.
The company could leverage another provider’s back office and diverse technology expertise while providing a new source of revenue and gross marketing. We feel that we are on the edge of explosive growth if we had more capital and a large organization to leverage our reference accounts and classroom expertise. The owner is ready to retire therefore this business could be run independently or merge with another operator that desires to be in the market or further their penetration into our geography.
