ALL STAR DRIVER EDUCATION, INC. HAS BEEN ACQUIRED BY HIGHGROVE COMPANIES
Birmingham, Michigan – December 10, 2019 – Angle Advisors is pleased to announce that All Star Driver Education, Inc. (“All Star” or the “Company”), has been acquired by HighGrove Companies (“HighGrove”). Angle Advisors acted as the exclusive investment banking advisor to All Star in completing this transaction.
Founded in 1997 by the Wall family and headquartered in Ann Arbor, Michigan, All Star Driver Education is one of the nation’s largest and most comprehensive providers of driver education services to teens and adults, serving communities in 16 states across the United States. The Wall family built the All Star brand on making driver education fun while keeping safety at the center of their message. All Star is one of few providers of driver training that offers services across multiple platforms including online courses, classroom instruction, and behind the wheel instruction.
“I’m proud of the business and the brand we’ve built at All Star and am confident HighGrove Companies is the right partner to help us continue our growth,” said Brent Wall, President & CEO. “We look forward to working with the HighGrove team as we expand into new products and markets to help improve the safety of additional generations of drivers.”
“All Star is an ideal first investment for HighGrove Companies,” said Sean Roberts, founder and Managing Partner of HighGrove. “All Star has a strong foundation as a leader in driver education with a great management team, an excellent reputation, and a proven expansion model. We’re really excited to partner with Brent and the All Star team to leverage our experience in multi-site consumer services to help the Company continue driving growth in new and existing locations, and continue the expansion of its online course offering.
Brent Wall added, “I would like to thank the team at Angle Advisors for their invaluable counsel as they guided me through my first transaction; they did an outstanding job of running a thorough process and found the right partner to achieve our goals. Their diligence and persistence, relationships, and their transaction expertise proved critical to making this a highly successful transaction.”
HighGrove Companies is a private investment firm building a targeted portfolio of lower-middle market companies, combining strategic capital and expertise to build value for investors and management partners. HighGrove leverages its experience and professional network to become an extension of management in order to help its portfolio companies realize their full potential. Targeted industries include consumer products, consumer services, and business services. To learn more, visit www.highgrovecompanies.com.
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the industrial and vehicular sectors. The firm’s professionals have completed 217 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.