Skip to main content

Navagant Accepts EDUCATION DEAL of the YEAR for APEX Anesthesia Acquisition

Navagant Accepts EDUCATION DEAL of the YEAR for APEX Anesthesia Acquisition

Richmond, VA – April 27, 2023 – Navagant, a middle-market investment bank, is delighted to announce its recent triumph at the M&A Atlas Awards: U.S.A Middle Markets 2023. Navagant has been honored with the Education Deal of the Year award for its role in advising on the successful acquisition of APEX Anesthesia by TrueLearn, backed by LLR Partners.

The M&A Atlas Awards, renowned for their recognition of exceptional achievements in the mergers and acquisitions field, are highly regarded as a benchmark for excellence. This award solidifies Navagant’s position as a trusted advisor and industry leader.

Jeff Bache, Vice President at Navagant who participated in the deal, accepting the award at the ceremony.

APEX Anesthesia is a leading provider of nurse anesthetist education, offering course curriculum support to 84%+ of Student Registered Nurse Anesthetists (“SRNAs”) training programs and continuing education to thousands of Certified Registered Nurse Anesthetists (“CRNAs”) annually.

TrueLearn is a leading digital learning and analytics platform focused on training healthcare professionals in the areas of medicine, nursing, and therapy. TrueLearn is backed by LLR Partners. The acquisition signifies a significant milestone, uniting two dynamic organizations with complementary strengths and a shared commitment to innovation.

“I appreciate this recognition from the M&A Atlas Awards. We’re grateful for APEX, TrueLearn, and LLR entrusting us with this transformative transaction,” said Shawn Keenan, Managing Director at Navagant who led this deal. “We are also proud to have played a role in forging a strategic partnership that will benefit the society and drive innovation in medical education.”

APEX Anesthesia serves nurse anesthetists, a critical portion of the nation’s healthcare market. As healthcare costs continue to rise and access to care remains challenging for many people, CRNAs fulfill mission-critical leadership roles in anesthesia service, most notable in the rural and medically underserved parts of the United States.

APEX’s combination with TrueLearn will allow the company to better serve the education needs of this mission-critical segment of the healthcare market, ultimately leading to more capable clinicians and improved patient care. This acquisition will bring meaningful social impact and maximize value for all stakeholders involved.

The Education Deal of the Year acknowledges the value of this deal and cements Navagant’s position as a leading advisor in the M&A landscape. With an unwavering commitment to delivering exceptional outcomes and a track record of success, Navagant continues to assist clients in navigating the complexities of the ever-evolving Education & Training environment.

Navagant representatives attending the M&A Atlas Awards Ceremony.

About Navagant

Navagant LLC is a middle-market investment bank focused exclusively on the Education & Training industry. We serve entrepreneurs, family businesses, large corporations, and financial sponsors seeking to optimize their transaction outcomes. Our sell-side advisory services include mergers and acquisitions, majority and minority recapitalizations, management buyouts, and corporate carve-outs. With a conscious-capital mission and a team of experienced professionals, Navagant delivers tailored solutions to help organizations unlock value and achieve life-changing outcomes. For more information, please visit


Shawn Keenan
Managing Director, Navagant
Phone: (312) 550-5304