Tyton Partners represented ArtistWorks in its sale to TrueFire Studios, a portfolio company of Growth Catalyst Partners.
ArtistWorks has been acquired by Growth Catalyst Partners’ portfolio company, TrueFire Studios, a consortium of major online music instruction companies. The acquisition brings together leading names and pioneers in online music education — including ArtistWorks, TrueFire, JamPlay, and FaderPro — who together span dozens of genres and instruments while delivering access to Grammy Award-winning artists, top session players, and world-renowned educators. The deal was completed with financial support from mid-market private equity firm Growth Catalyst Partners.
“We welcome this new alliance that ensures fulfillment of the long-held ArtistWorks mission to ‘teach the world music’. Working alongside the other top-quality consortium companies who strongly complement each other will allow exciting new collaborations and exceptional learning opportunities for lifelong players,” said Patricia Butler, CEO and Cofounder of ArtistWorks.
TrueFire Studios is an alliance of the world’s leading online music education companies who democratize music education by providing affordable, anytime, anywhere access to best-in-class artists and the most comprehensive music lesson library on the planet, across all major instrument categories.
Scott Peters, Managing Partner of Growth Catalyst Partners commented, “We set out to bring together the world’s leading online music instruction companies to provide significantly more resources to dramatically expand their capabilities and reach. By adding ArtistWorks to the family, we are able to offer access to additional world class artists and a wide variety of exceptional courses ranging from guitar, bass, and banjo to voice and piano. This combination of offerings provides a more robust, diverse, and scalable platform for artists, students, and leading brands which collectively comprise the largest community of practicing musicians and educators in the world. We are thrilled to have ArtistWorks on the team.”
Read the full press release here