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Genstar Capital to Acquire Majority Ownership Stake in Vector Solutions
Genstar is acquiring Vector from Golden Gate Capital, a leading private equity investment firm, which will remain a significant shareholder in the business.
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CIO Applications | Thursday, May 20, 2021

Genstar is acquiring Vector from Golden Gate Capital, a leading private equity investment firm, which will remain a significant shareholder in the business.
FREMONT, CA: Genstar Capital, a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries, announced an agreement to acquire a majority ownership stake in Vector Solutions, the leading provider of industry-focused software solutions for training, risk management, workforce management, and operational readiness. The transaction is expected to close in the next 45 days.
"Genstar's interest in Vector Solutions is a testament to our consistent growth, talented team and the exceptional value of our leading solutions," said Marc Scheipe, CEO of Vector. "We are excited to have the support of Genstar and Golden Gate Capital as we continue to serve everyday heroes by delivering intelligent software solutions that empower safer, smarter and better decisions."
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Vector is the leading provider of intelligent and industry-focused SaaS solutions that connect information and technology to deliver insights and knowledge when and where they are needed. Serving approximately 22 million users and more than 21,000 clients worldwide, Vector uses the latest innovations in training and technology to create safer, more capable, and compliant organizations across the industrial, engineering, education, and public safety sectors.
"Companies are increasingly demanding sophisticated technology solutions to help their employees rise to the challenges of complex and regulated work environments, and Vector is the clear leader in meeting that need," said Geoff Miller, Director at Genstar. "We are excited to partner with Marc Scheipe, the Vector leadership team and Golden Gate Capital to invest further in developing new and expanding existing markets both organically and through M&A."
Kirkland & Ellis served as legal advisor to Genstar. William Blair & Company and Baird served as financial advisors to Golden Gate Capital and Vector and Paul, Weiss, Rifkind, Wharton & Garrison, Nob Hill Law Group P.C. and Trenam Law served as legal advisors.
"We have enjoyed a highly successful partnership with Vector since acquiring the Company in 2018 as it has meaningfully scaled its business, expanded its platform of industry-leading software solutions and successfully evolved its brand," said Rishi Chandna, a Managing Director at Golden Gate Capital. "We look forward to continuing to support Vector in its next chapter alongside Genstar."
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