Tampa elearning company in line for new private equity owner
May 14, 2021 - Genstar Capital has agreed to buy a majority ownership stake in Vector Solutions, a Tampa company that provides online learning and performance solutions. Genstar is acquiring Vector from Golden Gate Capital, private equity investment firm that will remain a significant shareholder in the business. The deal is expected to close in the next 45 days, a news release said. Financial terms were not disclosed. Vector is one of the largest privately held companies in the Tampa-St. Pete area, and over the course of its 20-year history it has been led by well-known leaders in the technology industry, including Tom Wallace, now managing partner of Florida Funders. Golden Gate Capital bought Vector in 2018 and last year promoted Marc Scheipe from chief operating officer to CEO. Genstar is a private equity firm based in San Francisco.