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 1,406M USD for 2022 and 1,232M USD for 2021.

How many employees does Nelnet have?

Nelnet has 8,237 employees.

What sector is Nelnet in?

Nelnet is a financial services company.

When was Nelnet founded?

Nelnet was founded in 1978.

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		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.4/yr)	#	5	-	1	1	-	-	7
Buy (0.4/yr)	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
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	-
	Nebraska	1	46M	-	-
	Kansas	1	-	-	-
	Illinois	1	-	-	-
	Wisconsin	1	150M	-	-
	Pennsylvania	1	-	-	-
	New York	1	-	-	-
	New Jersey	1	40M	-	-
	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%)

Company Summary

SECTOR

Financial Services

Revenue

1,406 15%	2022
1,232 17%	2021
1,061 9%	2020
979 2%	2019
998 38%	2018
724 14%	2017
840 7%	2016
900 4%	2015
932	2014
(millions of USD)	Show More Show Less

Employees

8,237

Established

1978

Public

NYSE: NNI

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Nelnet - M&A Summary and Business Overview

Financial ServicesCompany