Greybull Stewardship Agrees to Sell Summit Professional Education to Avathon Capital
Summary
The company also launched a very successful annual subscription model, transforming its sales mix from 0% to 90% recurring revenue, and grew EBITDA by 600%. “Over the course of our partnership, Greybull helped our company evolve to meet and anticipate the shifting demands of the CPE landscape, driving significant growth,” said Scott Vogel, President and CEO of Summit Professional Education. And second, our commitment to serving as a long-term partner to help our portfolio companies see the operational improvements through and capture value on behalf of our fund investors,” said Mason Myers, Founder and CEO of Greybull Stewardship. “Greybull’s ten-year hold period of its Summit investment is rare in private equity, and it gave the company the runway to execute long-term strategy improvements and stability for its customers and employees. Greybull proudly cultivates partnerships with motivated entrepreneurs to realize their full potential and confidently navigate the complexities of expansion.