Nelnet - M&A Summary and Business Overview

Financial ServicesCompany

Nelnet M&A Summary

Nelnet has acquired 7 companies, including 2 in the last 5 years. It has also divested 1 asset.

Nelnet’s largest acquisition to date was in 2018, when it acquired Great Lakes Educational Loan Services for $150M. Nelnet has acquired in 7 different US states. The Company’s most targeted sectors include software (29%) and communications (15%).

Nelnet Business Overview

Where is Nelnet headquartered?

Nelnet is headquartered in Lincoln, Nebraska.

What is Nelnet’s revenue?

Nelnet disclosed revenue of 1,031M USD for 2023 and 1,405M USD for 2022.

How many employees does Nelnet have?

Nelnet has 7,550 employees.

What sector is Nelnet in?

Nelnet is a financial services company.

When was Nelnet founded?

Nelnet was founded in 1977.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity7
    • M&A Sell Activity1
  • Total Sectors Invested 6
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

Nelnet

Nelnet, Inc.

121 South 13th Street,
Lincoln, Nebraska 68508
United States,
(402) 458-2370
www.nelnet.net

Nelnet focuses on delivering education-related products and services and student loan asset management. Nelnet earns interest income on a portfolio of federally insured student loans. The Company also makes investments to further diversify from its core education-related businesses. Nelnet was founded in 1977 and is based in Lincoln, Nebraska.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 5 - 1 1 - - 7
vol $236M $236M
Sell (0.0/yr) # 1 - - - - - 1
  8

Most Recent M&A

Company Date Value Type
GRNE Solutions LLC 2022-07-05 - Add-on Acquisition
Palatine, Illinois · www.grnesolar.com
Catholic Faith Technologies 2021-01-26 - Add-on Acquisition
Overland Park, Kansas · www.catholicfaithtech.com
Great Lakes Educational Loan Services, Inc. 2018-02-07 150M USD Divestiture
Madison, Wisconsin · www.mygreatlakes.org
Peterson's LLC 2018-02-06 - Divestiture
Denver, Colorado · www.petersons.com
Allo Communications LLC 2015-11-16 46M USD Add-on Acquisition
Imperial, Nebraska · www.allocommunications.com
CUnet LLC 2006-06-26 40M USD Add-on Acquisition
Paramus, New Jersey · www.cunet.com
Foresite Solutions, Inc. 2005-07-01 - Add-on Acquisition
Wayne, Pennsylvania
Charter Account Systems 2002-06-13 - Add-on Acquisition
Albany, New York
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
CUnet LLC 2006-06-26 Sparkroom 2016-02-01 1
Paramus, New Jersey · www.cunet.com Paramus, New Jersey · www.sparkroom.com

M&A by Sector

Sector Buy # Value Sell # Value
Software 2 (29%) - - -
Communications 1 (14%) 46M (20%) - -
Financial Services 1 (14%) 150M (63%) - -
Internet Software and Services 1 (14%) - - -
Marketing 1 (14%) 40M (17%) - -
Renewable Energy 1 (14%) - - -
Publishing - - 1 (100%) -
Total 7 $236M 1 -

By Geo

State/Country Buy Value Sell Value
United States 7 236M 1 -
  Wisconsin 1 150M - -
  Pennsylvania 1 - - -
  New York 1 - - -
  New Jersey 1 40M - -
  Nebraska 1 46M - -
  Kansas 1 - - -
  Illinois 1 - - -
  Colorado - - 1 -
Total 7 $236M 1 -

Deal Values

buy # Total
$100M to $1B 1 $150M
< $100M 2 $86M
TOTAL $236M
Largest Great Lakes Educational Loan Services, Inc.
$150M (2018-02-07)

M&A Connections

Deals
Acquired from
Strategic(s)
14%
1 (14%)
Divested to
Investor(s)
100%
1 (100%)

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