Portfolio Companies

Salem International University, LLC, operates Salem International University (“SIU”), a for-profit institution of higher learning with a tradition of academic excellence and innovation. Established in 1888, SIUoffers traditional and state-of-the-art online programs in business, education, and allied health. Regionally accredited for more than 50 years by HLC (Higher Learning Commission) the University’s programs can lead to an associates, bachelors or masters degree. SIU’s scenic campus with over 100 acres in Salem, WV is nestled in a beautiful Appalachian Mountain range, called the Valley of Learning. The main campus offers housing and traditional campus athletics, clubs and activities. SIU participates in Division II NCAA Sports – only 16 other schools in WV are members of the NCAA – participating in 17 men’s and women’s sports. The online division maintains its administrative offices in Indianapolis, Indiana. The School of Education is NCATE accredited - the highest nationally recognized accreditation for Education programs. The University also offers nursing programs; the LPN and RN are accredited by the State of West Virginia’s respective nursing boards.

The University has a great alumni base – Senators, Governors, CEOs; NFL Super Bowl Champions, Hall of Famers, are all graduates of SIU. (www.salemu.edu).


Schiller International University was named for the German philosopher, poet and dramatist, Johann Christoph Friedrich von Schiller (1759 – 1805), whose work exemplifies the highest standards of ethics and the ideal of the truly educated, multilingual citizen of the world. This unique university was founded in 1964 by Dr. Walter Leibrecht for the purpose of providing American students with an educational experience in Europe while continuing their studies within the American educational model. In time, this original concept was broadened to include students from all over the world seeking an American study program in an international setting.

Geographically, campuses expanded into Europe and America. Demographically, over 100 different nationalities experienced the university’s vision of education. Presently, Schiller International University has campuses in Heidelberg, Germany; Madrid Spain, Paris, France; and Tampa, Florida, USA and is opening in London in the fall of 2016. Online courses are also available for some of the university’s academic programs.

Since its founding, the mission of the college has remained focused on the value of a globalized educational environment, recognizing that international perspectives are crucial to solving contemporary problems and developing a globally literate, interculturally competent citizenry. Schiller International University has continually evolved through decades, reflecting the growing diversity of the student body and its needs.

Degrees, Accreditation Licensure and Approvals

Schiller International University is accredited by the Accrediting Council for Independent Colleges and Schools to award Associate’s, Bachelor’s and Master’s level degrees.

Schiller International University (SIU) and the University of Roehampton (UoR) in London have signed an agreement where students will study for a degree awarded by Roehampton alongside their Schiller degree and receive two separate qualifications. A student from anywhere in the world studying at Schiller will earn an accredited US degree and a British degree valid in 45 countries under the Bologna process. This is a truly innovative arrangement, which will benefit Schiller’s student body by providing them with a global profile.

The University’s Tampa campus is licensed by the Commission for Independent Education, Florida Department of Education and has full approval for the Associate Degree Nursing Program by the Florida Board of Nursing.

Schiller International University Madrid Campus is recognized by the Consejería de Educacion y Culturá de la Comunidad de Madrid (local higher education authorities).

Schiller International University (Paris campus) is registered at the Rectorat de l’Academie de Paris as Etablissement d’Enseignement Superieur Prive. (www.schiller.edu)


FIRE Solutions, Inc. is a corporate e-learning and e-compliance solutions provider focused on the financial services and insurance industries.

FIRE Solutions, Inc. ("FIRE" or the "Company"), was founded in July 1999 and was acquired by Palmer Group Holdings, L.L.C. in June, 2004. FIRE (Finance, Insurance, Regulation, and Education), is an award winning compliance and training provider with solutions delivered to over 350,000 professionals at over 300 financial services firms including Bank of America/Merrill Lynch, Wells Fargo, Charles Schwab, John Hancock, and Morgan Stanley. In April 2006, FIRE won the prestigious Vendor of the Year award from Institutional Investor's Compliance Reporter publication for demonstrated excellence in innovation, content, and service.

Working in partnership with clients, FIRE has a proven track record of:

FIRE's offerings include an integrated suite of training and compliance systems. The Company's main products and services include online exam preparation for the FINRA licensing exams, Firm Element Continuing Education ("CE"), Proprietary Content Development that combines client firms' content with FIRE's digitized e-Learning platform technology, and a Web-casting interface used to administer the FINRA-required Annual Compliance Meetings ("ACM").

In addition, the Company owns the Registration Management Database ("CRDirect") System and PowerComply, a system that records employee non-cash compensation. The Company's Web address is www.firesolutions.com.


Sold Portfolio Companies

(The sale of AEC and its affiliated schools to Education Management Corporation was The Palmer Group’s most significant sale at a profit of approximately $120 million)

American Education Centers, Inc. includes eight for-profit, proprietary junior colleges. They are AEC Southern Ohio College (with campuses in Akron, Ohio, Woodland, Ohio, and Fort Mitchell, Kentucky): RETS Institute of Technology (with campuses in Louisville, Kentucky and Pittsburgh, Pennsylvania); RETS Medical and Business Institute in Hopkinsville, Kentucky; and AEC Texas Institute (with campuses in Garland and Hurst, Texas).

Brown Mackie Education Corporation operates Brown Mackie College, a for-profit, proprietary junior college with campuses in Kansas City and Salina, Kansas.

Commonwealth Business College Education Corporation operates Commonwealth Business College, a for-profit, proprietary junior college with campuses in Merriville and Michigan City, Indiana, and Moline, Illinois.

Asher School of Business Education Corporation operates Asher School of Business a for-profit, proprietary junior college with a campus in Norcross, Georgia.

Stautzenberger College Education Corporation operates Southern Ohio College, a for-profit, proprietary junior college with a campus in Findlay, Ohio.

Michiana College Education Corporation operates three for-profit, proprietary junior colleges. They are Michiana College (with campuses in South Bend and Fort Wayne, Indiana) and Michiana Institute located in Cherry Hill, New Jersey.

Other Sold Portfolio Companies

Spikes’s Trophies Ltd. (Sold to Spikes General Partner, LLC), a company established by the existing management team. Spike’s is the leading supplier of trophies, awards, business gifts, and advertising specialties in the Delaware Valley. The company’s four retail showrooms, a manufacturing facility, and administrative offices are located in Philadelphia, Pennsylvania.

Financial Marketing, Inc. (Sold to ADP Financial Information Services, Inc.), a division of Automatic Data Processing a Fortune 100 Service Company. Financial Marketing was one of the largest independent providers of proxy processing and mailing services to mutual fund groups and public corporations.

American Payroll Centers, Inc. (Sold to Zurich Payroll Solutions Limited), a subsidiary of Zurich Insurance Co. American Payroll Centers was the largest independent payroll processing firm in the Delaware Valley of Pennsylvania.