Penn Foster - M&A Summary, Ownership, and Business Overview

EducationCompany

Penn Foster M&A Summary

Penn Foster has acquired 5 companies of its own, including 4 in the last 5 years. A total of 3 acquisitions came from private equity firms.

Penn Foster has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include internet software and services (50%) and education (25%).

Penn Foster Ownership

Who owns Penn Foster?

Penn Foster is owned by Bain Capital Double Impact, BayPine, Everberg Capital, Macquarie Capital and Two Sigma Impact. It was acquired on May 1, 2018.

Is Penn Foster PE-backed?

Yes. Penn Foster is owned by private equity investors Bain Capital Double Impact, BayPine, Everberg Capital, Macquarie Capital and Two Sigma Impact.

Was Penn Foster formerly PE-backed?

Yes. Penn Foster was formerly owned by 2 private investors.

Penn Foster Business Overview

Where is Penn Foster headquartered?

Penn Foster is headquartered in Scranton, Pennsylvania.

What sector is Penn Foster in?

Penn Foster is an education company.

When was Penn Foster founded?

Penn Foster was founded in 1890.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 5

Penn Foster

Penn Foster

200 Hickory St.,
Scranton, Pennsylvania 18515
United States,
(570) 961-4033
www.pennfoster.edu

Penn Foster is a leading provider of high school diploma, workforce education, and training solutions. The business focuses on adult learners who seek forms of higher education to improve their career skills and employment status. Penn Foster was founded in 1890 and is based in Scranton, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 2 - 2 - - - 4
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
Career Step LLC 2021-10-13 - Add-on Acquisition
Lehi, Utah · www.careerstep.com
Sokanu Interactive Inc. 2021-03-19 - Add-on Acquisition
Vancouver, British Columbia · www.sokanu.co
Ashworth College 2019-02-06 - Add-on Acquisition
Norcross, Georgia · www.ashworthcollege.edu
UniversityNow - Learning Platform 2015-12-02 - Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 2 (50%) - - -
Education 1 (25%) - - -
Information Technology 1 (25%) - - -
Total 4 - - -

By Geo

State/Country Buy Value Sell Value
United States 3 - - -
  Utah 1 - - -
  Georgia 1 - - -
Canada 1 - - -
  British Columbia 1 - - -
Domestic 3 (75%) - - -
Cross-border 1 (25%) - - -
Total 4 - - -

M&A Connections

Deals
Acquired from
Investor(s)
50%
2 (50%)
Strategic(s)
25%
1 (25%)

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