• Macquarie Capital’s investment will support Kalkomey’s continued growth and scale 
• New capital will fuel product innovation and expansion into adjacent markets

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RICHARDSON, TEXAS – June 24, 2024 – Kalkomey, a leading provider of online recreational safety education in North America, today announced it has been acquired by Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group. Macquarie Capital’s investment will support Kalkomey’s continued growth, scale and expansion into new and adjacent markets globally. 

Founded in 1995 and based in Richardson, Texas, Kalkomey serves outdoor enthusiasts and partners with government agencies to create courses, education materials, and software solutions that make recreation safe and accessible, reducing the risk of accidents and injuries. Offerings include software solutions for state and provincial agencies, distribution of regulations for outdoor activities, and highly rated mobile field applications for consumers. Each year the company trains and certifies nearly one million outdoor enthusiasts.

“We’re excited to partner with Macquarie Capital, whose unique experience at the intersection of government and education technology will be invaluable as we fulfill our mission to be the trusted guide to outdoor success for our agencies and outdoor enthusiasts,” said Kalkomey CEO Blake Clark. 

Macquarie Capital made the investment in Kalkomey through its Growth and Technology team. Macquarie Capital Growth and Technology senior managing directors Larry Handen and Jared Doskow will join Kalkomey’s Board of Directors.

“For nearly 30 years, Kalkomey has allowed millions of Americans to safely and responsibly experience the great outdoors,” said Mr. Handen. “We’re excited to build on this legacy by supporting the vital work of state, provincial and local agencies that work tirelessly to preserve and protect both people and natural resources.”  

With more than 360 regulatory-approved education courses serving more than 110 government agencies, Kalkomey is the only provider with an established presence in every US state and Canadian province.

“Kalkomey is a trusted partner to both government agencies and the citizens they serve,” said Mr. Doskow. “Macquarie Capital’s investment underscores our commitment to high-performing companies that deliver significant and lasting value to the public sector, particularly in a climate of rising constituent expectations and tightening government budgets.” 

The Kalkomey acquisition is Macquarie Capital Growth and Technology’s twelfth public sector transaction in the past five years. Kalkomey was previously owned by Cove Hill Partners, a Boston-based, long-term oriented private equity firm that invests in consumer and technology businesses. Harris Williams served as exclusive financial advisor to Kalkomey.

About Kalkomey

Kalkomey is the leading provider of online recreational safety education in North America and globally. Founded in 1995, it works with government agencies and organizations to develop courses, education materials, and applications that make outdoor recreation safe and easily accessible for nearly 1 million outdoor enthusiasts each year. Kalkomey’s service offerings include regulatory approved, online outdoor education courses; software solutions for state and provincial agencies; and mobile field applications for consumers. Visit https://www.kalkomey.com/ for more information.

About Macquarie Capital

Macquarie Capital is the advisory, capital markets and principal investment arm of Macquarie Group. It encompasses corporate advisory, a full spectrum of capital solutions, including capital raising services from equity, debt and private capital markets and principal investments from Macquarie’s balance sheet. Macquarie Capital has deep sector expertise in the aerospace, defense and government services, consumer, gaming and leisure, critical minerals, energy, financial institutions, healthcare, industrials, infrastructure, real estate, services, software, technology, telecommunications and media sectors.    

Visit Macquarie Capital’s website for more information.

About Cove Hill Partners

Cove Hill Partners is a long-term-oriented private equity firm focused on partnering with outstanding management teams to build market-leading technology and consumer companies. The firm manages long-duration funds with approximately $3.0 billion of commitments from its investors and founders. Based in Boston, Cove Hill has an innovative structure that provides the flexibility to enable a patient, concentrated, and value-add approach in a small portfolio of long-term investments. Visit Cove Hill Partners website to learn more: https://www.covehillpartners.com.