Clearwater International has advised iHASCO, a health and safety e-learning provider, on its sale to The Citation Group (Citation) a tech enabled provider of outsourced HR and H&S compliance services backed by private equity firms KKR and Hg Capital.
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Established in 2007, iHASCO provides over 100 accredited e-learning courses in health and safety, HR compliance, business compliance, care certificates and management primarily for the SME market. The business has seen rapid growth over the last 13 years due to a growing market, delivery of non-discretionary training content and a high-quality differentiated project.
With over 40,000 clients, Manchester-based Citation provides businesses with subscription-based HR, H&S, compliance and certification services. The company has nationwide coverage and also works with a range of partners including trade associations to insurance brokers and accountancy firms.
This transaction will support the business in its growth trajectory, combining the expertise of both businesses in the HR and health and safety compliance sectors.
„We are delighted to have found Citation as the home for our business and expect to see iHASCO’s success story to continue with their support. Clearwater’s depth of relationships with strategic buyers unlocked this deal ahead of a formal process, and we would like to thank Marcus and Jon for their creativity, tenacity, support and hard work to make this deal happen.“ – David Goddard, Co-founder and Managing Director, iHASCO
„With its market leading content and delivery platform, iHASCO is in a fantastic position to accelerate its growth in the e-learning market. Citation is the perfect partner for the business and brings iHASCO the benefit of its expertise and significant opportunities to support its customer base. We expect to see online courses continue to grow as the education sector adapts to the rise in digitalisation. We wish the team all the best.“ – Marcus Archer, Partner, Clearwater International