M&A Deal Summary

Aceable Acquires Real Estate Institute

On August 7, 2024, Aceable acquired education company Real Estate Institute from Greybull Stewardship

Acquisition Highlights
  • This is Aceable’s 1st transaction in the Education sector.
  • This is Aceable’s 1st transaction in the United States.
  • This is Aceable’s 1st transaction in Illinois.

M&A Deal Summary

Date 2024-08-07
Target Real Estate Institute
Sector Education
Buyer(s) Aceable
Sellers(s) Greybull Stewardship
Deal Type Add-on Acquisition

Target

Real Estate Institute

Niles, Illinois, United States
Real Estate Institute provides continuing education for real estate, mortgage, insurance, and legal professionals. The company has provided high-quality professional education to more than 195,000 alumni nationwide. Real Estate Institute was founded in 1992 and is based in Niles, Illinois.

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Buyer(S) 1

Buyer

Aceable

Austin, Texas, United States

Category Company
Founded 2012
Sector Education
DESCRIPTION

Aceable is a provider of mobile and online certification and continuing education coursework solutions. Aceable’s core products address the driver’s education and defensive driving markets for both novice and experienced drivers across the U.S. Aceable was established in 2012 and is based in Austin, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Education) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

DESCRIPTION

Greybull Stewardship is a private investment firm focused on majority or minority investments in small companies. The Firm targets profitable businesses with $500K to $5 million of pre-tax profits. Greybull does not have any sector preferences and will consider opportunities throughout the US. Greybull Stewardship was formed in 2010 and is based in Cody, Wyoming.


DEAL STATS #
Overall 8 of 8
Sector (Education) 3 of 3
Type (Add-on Acquisition) 7 of 7
State (Illinois) 1 of 1
Country (United States) 8 of 8
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-15 Summit Professional Education

Franklin, Tennessee, United States

Summit Professional Education is a provider of in-person and online continuing and professional education (“CPE”) courses for physical therapists and assistants, occupational therapists and assistants, and speech language pathologists. Summit Professional Education was founded in 2004 and is based Franklin, Tennessee.

Sell -