M&A Deal Summary

Stride Acquires Galvanize

On January 24, 2020, Stride acquired education company Galvanize from ABS Capital Partners for 165M USD

Acquisition Highlights
  • This is Stride’s 1st transaction in the Education sector.
  • This is Stride’s largest (disclosed) transaction.
  • This is Stride’s 1st transaction in the United States.
  • This is Stride’s 1st transaction in Colorado.

M&A Deal Summary

Date 2020-01-24
Target Galvanize
Sector Education
Buyer(s) Stride
Sellers(s) ABS Capital Partners
Deal Type Add-on Acquisition
Deal Value 165M USD

Target

Galvanize

Denver, Colorado, United States
website
Galvanize LLC is a technology learning ecosystem for data scientists, software engineers, and entrepreneurs. With nine campuses across the U.S., innovative startups, aspiring students, and large enterprises all benefit from this dynamic learning community.

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Buyer(S) 1

Buyer

Stride

Herndon, Virginia, United States

website


Category Company
Founded 2000
Sector Education
Employees4,950
Revenue 1.0B USD (2020)
DESCRIPTION

Stride is a provider of proprietary, technology-based curriculum and online education programs to students in grades K-12. K12 provides its curriculum and academic services to online schools, traditional classrooms, blended school programs, and directly to families. Stride was founded in 2000 and is headquartered in Herndon, Virginia.


DEAL STATS #
Overall 1 of 3
Sector (Education) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Colorado) 1 of 1
Country (United States) 1 of 3
Year (2020) 1 of 3
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 MedCerts

Livonia, Michigan, United States

MedCerts LLC is a provider of training services self-paced, user-friendly multimedia, simulations, and more importantly, mentored learning assistance from expert instructors and certification professionals. MedCerts comprehensive video-based training programs provide students with the knowledge and skills required to obtain nationally and internationally recognized certifications in growing specialized Healthcare and IT fields. MedCerts was founded in 2009 and is based in Livonia, Michigan.

Buy $70M

Seller(S) 1

SELLER

ABS Capital Partners

Hunt Valley, Maryland, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ABS Capital Partners is a private equity firm that invests in later-stage growth companies in the healthcare, technology, business services, media and communications sectors. ABS provides capital to help fund growth, provide shareholder liquidity, pursue acquisitions, or to effect a management buyout. The Firm prefers US based business and will consider both majority and minority positions. ABS looks to commit $10 to $30 million per transaction. ABS Capital was formed in 1990 and has offices in Baltimore, Maryland; Waltham, Massachusetts; and San Francisco, California.


DEAL STATS #
Overall 65 of 70
Sector (Education) 3 of 3
Type (Add-on Acquisition) 30 of 34
State (Colorado) 3 of 3
Country (United States) 64 of 69
Year (2020) 2 of 3
Size (of disclosed) 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 Bravo Wellness

Cleveland, Ohio, United States

Bravo Wellness LLC is a data-driven provider of wellness solutions to more than one million users nationwide. Bravo Wellness was founded in 2008 and is based in Cleveland, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-25 SquadLocker

Warwick, Rhode Island, United States

SquadLocker and its suite of disruptive technologies are changing the way leagues and teams design and purchase customized team gear and apparel. Offering the market's leading brands, SquadLocker manages the entire process from instant online store creation to free graphic artwork assistance as well as decoration and production and fulfillment, all from its wholly-owned facility.

Buy -