Hamilton Mill Announces First Successful Exit
NewKnowledge United to Merge with TiER1 Performance Solutions
HAMILTON, Ohio, Feb. 28, 2017 /PRNewswire/ -- The Hamilton Mill is proud and honored to announce the first successful exit of a member company. Last week, TiER1 Performance Solutions announced the merger between their organization and NewKnowledge United (NKU), currently headquartered at The Hamilton Mill in Hamilton, Ohio. NKU will join TiER1's team to strengthen its core talent base and expand its national reach. This event signifies a major accomplishment for both NKU and The Hamilton Mill, as exits are widely considered to be the ultimate goal of incubators and accelerators throughout the startup ecosystem.
NKU, founded in 2014 by Jack Calhoun and Dr. Danny Hoyt, provides custom curriculum and learning services for corporate and academic markets with a strong focus on adaptive eLearning solutions. In addition, NKU offers a comprehensive suite of media creation services. The company has become an industry leader in incorporating technologies to empower clients and their learners to grow intellectually and improve their performance.
Founded in 2002, TiER1 Performance Solutions improves the performance of organizations through the performance of people with a portfolio of services focused on talent development, strategic change, and organizational evolution. TiER1 combines the creativity of a full-service design firm, the know-how of expert instructional designers, the strategy of skilled consultants, and a suite of cutting-edge technologies to solve clients' human performance challenges.
"We see TiER1 as a great fit for us culturally, and we also see significant strategic value in combining our infrastructures to better scale," said Jack Calhoun, who served as president at NKU and will serve as managing director at TiER1. "We hope to leverage the full depth and breadth of TiER1's capabilities to benefit our clients."
NKU joined The Hamilton Mill in 2015 and saw tremendous growth and innovation during its tenure with The Hamilton Mill program. They utilized many value-add resources available from The Hamilton Mill, including business development services, mentor network, and strategic development guidance.
"Between the affordable, customized workspace in the heart of downtown Hamilton and the helpful advice from Board Chairman Rahul Bawa, The Hamilton Mill enabled myself and team to focus on what really matters in our business: serving our clients," Calhoun said.
"We are extremely proud of this accomplishment for Jack Calhoun and the entire staff of NewKnowledge United," said Chris Lawson, Executive Director of The Hamilton Mill. "They saw the value in our program and effectively leveraged the services we offer. Concurrently, this represents a major milestone for the Hamilton Mill and provides confirmation of the strategy we undertook just two short years ago."
The Hamilton Mill remains committed to NKU and will continue to support them as they embark upon this new and exciting phase of their company's story.
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SOURCE The Hamilton Mill
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