Investment funds managed by Morgan Stanley Capital Partners (MSCP), announced today that they have completed an investment in Project Management Academy (“PMA” or the “Company”), a leading provider of training and exam preparation services for project management professionals. MSCP is partnering with the current CEO, Jason Cassidy, and the rest of the management team, who will remain in place and retain an equity stake in the business.
Project Management Academy was founded in 2009 to provide best-in-class training for the career-critical Project Management Professional (PMP)® certification. The PMP® certification is widely recognized as the leading certification for project managers across multiple industries, with over 700,000 registered professionals. The Company has since expanded its product suite to also offer training in related disciplines including Agile, Business Analysis, and Six Sigma and leadership. The Company currently provides both in-person and online training to more than 11,000 individuals and 170 corporations across the U.S. and Canada.
Adam Shaw, Managing Director of MSCP, said: “We are very excited for the opportunity to work with Jason and the PMA team. This talented management team has developed an exceptional brand and, as a result of its focus on high-quality instruction, has become a leader in project management training. We believe MSCP is the ideal partner for PMA as the business continues to enter new markets, expand its product portfolio and execute on strategic M&A.”
Jason Cassidy, Chief Executive Officer of Project Management Academy, added: “We are excited to partner with Morgan Stanley Capital Partners and enter a new phase of growth and capability-building at PMA. We are proud of the brand and market presence we have established and expect this new partnership to deliver significant value for our customers as we expand our services to best serve their needs.”
Debevoise & Plimpton LLP served as legal advisor to MSCP. William Blair served as financial advisor to Project Management Academy.
About Morgan Stanley Capital Partners
Morgan Stanley Capital Partners, part of Morgan Stanley Investment Management, is a leading middle-market private equity platform that has invested capital in a broad spectrum of industries for over three decades. Morgan Stanley Capital Partners focuses on privately negotiated equity and equity-related investments primarily in North America and seeks to create value in portfolio companies primarily in a series of subsectors in the business services, consumer, healthcare and industrials markets with an emphasis on driving significant organic and acquisition growth through an operationally focused approach. For further information about Morgan Stanley Capital Partners, please visit www.morganstanley.com/im/capitalpartners.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 671 investment professionals around the world and $480 billion in assets under management or supervision as of March 31, 2019. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.
PMP is a registered mark of Project Management Institute, Inc.