Scholastic - M&A Summary and Business Overview

PublishingCompany

Scholastic M&A Summary

Scholastic has acquired 12 companies, including 3 in the last 5 years. It has also divested 1 asset.

Scholastic’s largest acquisition to date was in 2000, when it acquired Grolier for $400M. It’s largest disclosed sale occurred in 2015, when it sold Scholastic - Educational Technology and Services Business to Houghton Mifflin Harcourt for $575M. Scholastic has acquired in 5 different US states, and 3 countries. The Company’s most targeted sectors include publishing (34%) and distribution (17%).

Scholastic Business Overview

Where is Scholastic headquartered?

Scholastic is headquartered in New York, New York.

What is Scholastic’s revenue?

Scholastic disclosed revenue of 1,487M USD for 2020 and 1,654M USD for 2019.

How many employees does Scholastic have?

Scholastic has 8,300 employees.

What sector is Scholastic in?

Scholastic is a publishing company.

When was Scholastic founded?

Scholastic was founded in 1920.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity12
    • M&A Sell Activity1
  • Total Sectors Invested 7
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

Scholastic

Scholastic Corp.

557 Broadway,
New York, New York 10012
United States,
(212) 343-6100
www.scholastic.com

Scholastic is a publisher and distributor of children's books and a leader in educational technology and related services and children's media. Scholastic creates quality books and ebooks, print and technology-based learning materials and programs, magazines, multi-media and other products that help children learn both at school and at home. Scholastic was founded in 1920 and is based in New York, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 10 - - 1 - 1 12
vol $409M $186M $595M
Sell (0.0/yr) # 1 - - - - - 1
vol $575M $575M
  13

Most Recent M&A

Company Date Value Type
9 Story Media Group, Inc. 2024-03-12 186M USD Add-on Acquisition
Toronto, Ontario · www.9story.com
Learning Ovations, Inc. 2022-09-06 - Add-on Acquisition
Irvine, California · www.learningovations.com
Mrs. Nelson's Book Fairs, Inc. 2019-12-20 - Add-on Acquisition
Pomona, California · www.mrsnelsons.com
Scholastic Corp. - Educational Technology and Services Business 2015-05-29 575M USD Divestiture
New York, New York
Weekly Reader Publishing 2012-02-06 - Divestiture
, United States
Math Solutions 2010-09-13 - Add-on Acquisition
Sausalito, California · www.mathsolutions.com
Klutz, Inc. 2002-06-05 - Add-on Acquisition
Palo Alto, California · www.klutz.com
Tom Snyder Productions, Inc. 2001-12-21 9M USD Divestiture
Watertown, Massachusetts · www.tomsnyder.com
Soup2Nuts, Inc. 2001-03-26 - Add-on Acquisition
Watertown,, Massachusetts · www.soup2nuts.tv
Grolier, Inc. 2000-04-18 400M USD Divestiture
Danbury, Connecticut
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Publishing 4 (33%) 400M (67%) - -
Distribution 2 (17%) - - -
Media 2 (17%) - - -
Business Services 1 (8%) - - -
Digital Media 1 (8%) 186M (31%) - -
Education 1 (8%) - - -
Software 1 (8%) 9M (2%) - -
Information Technology - - 1 (100%) 575M (100%)
Total 12 $595M 1 $575M

By Geo

State/Country Buy Value Sell Value
United States 10 409M 1 575M
  California 4 - - -
  Massachusetts 2 9M - -
  New Jersey 1 - - -
  Connecticut 1 400M - -
  New York - - 1 575M
Canada 1 186M - -
  Ontario 1 186M - -
United Kingdom 1 - - -
Domestic 10 (83%) 409M (69%) 1 (100%) 575M (100%)
Cross-border 2 (17%) 186M (31%) - -
Total 12 $595M 1 $575M

Top M&A Advisors

Financial Deals
Deutsche Bank Corporate & Investment Banking
1
Credit Suisse Investment Banking
1
Greenhill & Co., Inc.
1

Deal Values

buy # Total
$100M to $1B 2 $586M
< $100M 1 $9M
TOTAL $595M
Largest Grolier, Inc.
$400M (2000-04-18)
sell # Total
$100M to $1B 1 $575M
TOTAL $575M
Largest Scholastic Corp. - Educational Technology and Services Business
$575M (2015-05-29)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
3 (25%)
Divested to
Strategic(s)
100%
1 (100%)

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