RWD Technologies

The Company

RWD Technologies, LLC (RWD or the Company) is a leading provider of human and operational performance improvement solutions that help employers maximize the return on their investments in people, processes, technology, equipment, knowledge, and customers. Since 1988, RWD has assisted clients and partners in enhancing organizational productivity through its broad range of integrated products and services, which include human capital management and IT consulting services, business transformation and lean process improvement, end-user training, change management, knowledge management, and operator effectiveness management.RWD’s solutions are used in thousands of organizations globally, and in industries such as manufacturing, energy, automotive, aerospace, healthcare, life sciences, consumer products, financial, telecommunications, services, higher education, and the public sector. In addition to its core service offerings, RWD has developed a human and operational performance improvement software suite (Suite) which is used by FORTUNE 500, mid-sized, and small businesses to accelerate the development, organization, implementation, and distribution of training materials with a view to maximize the effectiveness of any new enterprise resource planning system being implemented.

The Situation

In order to focus on its core consulting and performance improvement service offerings, RWD was seeking to carve out the corporate learning solutions software Suite, which included approximately 150 full-time employees. Operating independently of RWD would also allow the Suite to focus its resources on continued product development, sales channel expansion, and acceleration of overall growth. RWD retained KPMG Corporate Finance LLC as its exclusive financial adviser for the
transaction. The Company’s shareholders were seeking liquidity at a valuation that reflected the Suite’s superior profitability, strong customer base, and established market position.

The transaction

KPMG Corporate Finance LLC conducted a competitive, controlled-auction process that generated a number of interested counterparties that could meet the objectives of the shareholders. KPMG Corporate Finance LLC contacted potential counterparties, coordinated management meetings and due diligence, and assisted RWD in successfully negotiating the sale of the Suite to ANCILE Solutions, Inc., a newly formed portfolio company of Court Square Capital Partners II, L.P.