Nelnet Mergers and Acquisitions Summary

Financial ServicesCompany

Nelnet has acquired 7 companies, including 3 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%).

Join Mergr and gain access to Nelnet’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector.

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 1978 and is based in Lincoln, Nebraska.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.6/yr) # 4 1 - - 1 1 7
vol $86M $150M $236M
Sell (0.2/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
Highlands Ranch, 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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