Buffalo Grove, IL – August 4, 2020
TPC, a provider of workforce training, performance, and compliance solutions, announced today the acquisition of Simutech Multimedia, a provider of simulation based training for maintenance and operations professionals across a wide range of industries.
“Adding the Simutech simulations to our existing digital training offerings is a tremendous benefit to our customers, who have come to expect innovative and experiential solutions from TPC. This enables us to add another hands-on training experience where learners can troubleshoot real world challenges in a virtual environment,” said Derek Dunaway, CEO at TPC.
Simutech represents a key element of the company’s strategy of developing a comprehensive workforce management platform. The addition of Simutech’s training software to TPC’s digital training offering, in-person and virtual instructor-led training, EHS solutions and compliance and certification programs allows TPC to add simulation learning to its already industry leading platform.
The software is built on cutting edge technology and offers a gamified learning experience where students troubleshoot real world situations in a fully immersive virtual environment. The simulation training and troubleshooting system provided by Simutech will build upon the success of TPC’s current product portfolio in assisting the manufacturing industry with overcoming the workforce skills gap. Bridging this skills gap calls for innovative approaches, such as simulation training, to equip employees with the technical skills they need to succeed in the industry.
“We are proud to be joining the TPC family and continuing our contribution to re-imagining the future of workforce growth and management,” said Samer Forzley, CEO of Simutech. “Both companies have been leaders in training and troubleshooting for many years and we look forward to combining our complementary strengths and common passion for providing immense value to our clients.”
TPC continues to accelerate its focus on investing in inventive technologies that will streamline the delivery of workforce management offerings to its customer base. This is one of the largest acquisitions in TPC’s recent history and the company’s third acquisition in less than two years.
TPC is a provider of workforce training, performance, and compliance solutions. Featuring the industry’s deepest library of technical and safety training content, as well as software solutions to manage workforce operations, TPC helps companies maximize the full potential of their workforce, dramatically improve productivity, reduce downtime, and keep teams safe. For more information, please visit www.tpctraining.com.
Since 1995, Simutech Multimedia has helped over 500 global manufacturers, from Tyson Foods to Toyota, and 200 schools train learners in a safe, simulated environment. Using a proven systematic method, the software has helped companies hire and onboard operations and maintenance professionals faster and more efficiently — leading to increased safety, lower rates of injury and reduced downtime on the factory floor. For more information, please visit www.simutechmultimedia.com.
Frontenac is a Chicago-based private equity firm. The firm focuses on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with proven operating leaders, through an executive-centric approach called CEO1ST, to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. The firm has built a leading franchise working with over 275 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit www.frontenac.com.