Daily News: January 14, 2013

Providence Equity Acquires Miller Heiman

Miller Heiman announced that it has been acquired by Providence Equity Partners, a global private equity firm focused on media, communications, education and information investments.

The investment from Providence will accelerate corporate growth initiatives and further Miller Heiman’s presence in global markets. Terms of the transaction were not disclosed.

Sam Reese, CEO of Miller Heiman, said, “We have always shown a consistent pattern of growth and innovation, including our two recent acquisitions of Channel Enablers and Impact Learning Systems, the addition of the Miller Heiman Research Institute and the phase-one rollout of our mobile strategy in just the last 13 months. We are poised for our next chapter of growth. Providence shares our excitement about the company’s strengths and future prospects, and they have an excellent record of supporting innovative companies like Miller Heiman. Partnering with Providence is a launching pad for more significant and rapid growth.”

Miller Heiman is a sales performance training and consulting firm.

“Miller Heiman has proven industry expertise and a long track record of success,” said Steven Alesio, senior advisor to Providence Equity Partners. “We see compelling opportunities for them to grow their business around the world. With its premier brand in the sales performance space and the ability to expand on its leadership position, Miller Heiman is an excellent platform to build on in the corporate education sector, and it complements our existing portfolio of education investments. We look forward to working with Sam and the Miller Heiman team to add lasting value to the company in the years ahead.”