(SAN DIEGO) — Training Resources Ltd., DBA Maritime Institute, announced on Monday that it will be acquiring Edmonds, Wash.-based Set Your Compass Course LLC, DBA Compass Courses, and starting training programs in Edmonds in December.
“Compass Courses has an outstanding reputation as a training provider that really cares about their mariners,” said Dave Abrams, CEO of Maritime Institute. “Adding Compass Courses facilities, staff and great instructional team to our organization will allow us to expand training opportunities for mariners in the Pacific Northwest region. We are thrilled to have the Compass Courses team on board, and I am honored that Julie has entrusted me with carrying on the Compass Courses legacy.”
Julie Keim, owner and founder of Compass Courses, added “the professional maritime industry is transforming at a rapid pace and maritime training needs to transform along with it. Compass Courses has been a respected leader in the maritime training industry since 2001. I am pleased to announce that I have found a company that shares my passion for putting the mariner first, while taking care of the instructors that are so dedicated to sharing their knowledge with new mariners. Maritime Institute will be acquiring Compass Courses this month. This acquisition will allow Compass Courses to continue to be a leader that drives value in our region and helps tackle the mariner shortage across the globe.”
“We are very proud to be joining forces with Maritime Institute,” Keim continued. “Their facilities and instructors are first class and I know they will take great care of our students. As I retire, I can’t think of a better company to fill that void. We welcome Maritime Institute to Edmonds and I look forward to watching Maritime Institute continue to expand their mariner training opportunities in the Pacific Northwest.”
Compass Courses has long been known for its famous tagline, “Train Like You Give a Damn.” Keim believes Maritime Institute is the right strategic partner to help keep that culture alive. It brings the experience, resources, and a proven track record of innovation and training excellence the future of the maritime industry demands.
The acquisition is scheduled to close by Dec. 1. Terms of this asset-based transaction were not disclosed. The December class schedule will be available soon at www.CompassCourses.com.
About Maritime Institute
Maritime Institute is the largest privately held provider of maritime training in the United States. With training centers in Norfolk, Va.; San Diego, Calif.; Alameda, Calif.; Honolulu, Hawaii, and Everett, Wash., the company serves more than 10,000 mariners annually with over 150 courses covering all aspects of vessel operations.
The company is a certified training provider for U.S. Coast Guard, U.S. Navy, and Global Wind Organization curriculum. The company’s Maritime Publishing division produces five publications for the maritime industry, including Professional Mariner. For more information, visit www.maritimeinstitute.com and www.maritimepublishing.com or contact Dave Abrams, CEO, at (619) 263-1638.
About Compass Courses
For more than 23 years, Compass Courses has been providing high-quality training to mariners in the Pacific Northwest, providing a vital service to the commercial fishing, cargo and passenger transportation industries that drive the regional economy.
