Altas Acquires Significant Interest in PADI
Altas Partners has acquired a significant convertible preferred equity interest in PADI (Professional Association of Diving Instructors), the largest scuba diving membership and diving certification organization in the world.
Founded in 1966, PADI is an iconic brand that has set the industry standard for scuba instructor training. PADI enjoys a leading market position globally, with more than 25 million PADI certified individuals worldwide. The Company’s members include more than 6300 dive shops and resorts and 130 000 individual PADI instructors who award close to one million consumer diver certifications each year.
Headquartered in Rancho Santa Margarita, CA, with regional offices in Canada, UK, China, Japan and Australia, PADI supports the efforts of individual professional members and dive centers and resorts in more than 183 countries. The PADI system of diver education is based on progressive training that introduces safety skills, safety-related information and local environmental knowledge to student divers in stages. PADI courses are student-centered and provide maximum practice and realistic application. For more information, please visit www.padi.com.