Technology and services
Investing in a leader in online recreational safety
Macquarie Capital is leveraging its relationships and sector experience to support the growth of Kalkomey, a leader in technology-enabled, outdoor training and certification
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| Sector | Technology and services |
| Sub-sector | GovTech |
| Location | Americas |
Opportunity
Headquartered in Richardson, Texas, Kalkomey is a technology-driven platform that provides proprietary, regulatory-approved certification and safety education tools for outdoor recreational activities.
Founded in 1995, it works with government agencies and standard-setting organizations to develop online courses, educational materials and mobile applications that make outdoor recreation safe and accessible.
Kalkomey serves a rapidly growing customer base of outdoor enthusiasts (~65 million Americans) at every experience level, equipping them with the knowledge and digital tools to safely and compliantly enjoy a broad spectrum of recreational activities, from boating to fishing, paddleboarding to hunting, off-roading and more.
In recent years, Kalkomey has evolved from a family business to the go-to partner of state, provincial, territorial and federal governments agencies across North America. It provides operational support to close the gap between policy and delivery, with certification fulfillment and regulation to keep programs running smoothly.
800+
Catalog courses offered1
110+
Government agency partners1
23 million+
Certifications issued1
Approach
For more than a decade, Macquarie Capital has used its balance sheet to invest in technology companies providing solutions that deliver critical services to support the public sector and education technology.
Macquarie Capital’s Growth & Technology investing team makes targeted investments, working with those companies to grow their capabilities and service their customers to the best of their abilities.
Macquarie Capital acquired Kalkomey in 2024, underscoring its commitment to high-performing companies that deliver significant and lasting value to the public sector, especially in a climate of rising constituent expectations and tightening government budgets.
Kalkomey represents the team’s 12th public sector transaction since 2020.
Outcome
Since acquiring Kalkomey, Macquarie Capital has leveraged its relationships and reach to accelerate growth, facilitating introductions to government agencies at the state and local level.
- Macquarie's ability to open doors with new agency decision-makers unlocks incremental revenue - expanding the states served and broadening its course catalog.
- Macquarie Capital has also brought proprietary data analysis to Kalkomey's registration, completion and engagement datasets, generating shareable insights that deepen relationships with existing state agency partners.
By helping agencies understand participation trends, demographic reach, and program efficacy, Kalkomey strengthens its role as a strategic partner, improving retention and supporting contract expansion and renewal.
1. Kalkomey.com (as of 24 June 2026)
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