M&A Deal Summary

DreamBox Learning Acquires Reading Plus

On July 19, 2021, DreamBox Learning acquired software company Reading Plus from Sterling Partners Private Equity

Acquisition Highlights
  • This is DreamBox Learning’s 1st transaction in the Software sector.
  • This is DreamBox Learning’s 1st transaction in the United States.
  • This is DreamBox Learning’s 1st transaction in Vermont.

M&A Deal Summary
Date 2021-07-19
Target Reading Plus
Sector Software
Buyer(s) DreamBox Learning
Sellers(s) Sterling Partners Private Equity
Deal Type Add-on Acquisition

Target

Reading Plus

Winooski, Vermont, United States
Reading Plus is an evidence-based, online program that provides personalized instruction and intervention for students, improving reading proficiency by 2.5-grade levels in a single school year. The adaptive literacy program develops fluency, comprehension, and vocabulary, while also measuring student motivation. It supports students with diverse needs, including multilingual learners, students who qualify for special education services, RTI/MTSS Tiers 1–3, and advanced readers. Reading Plus provides educators with easy-to-use management and reporting system, extensive resources to guide differentiated instruction, professional development, and highly rated customer support. Reading Plus is based in Winooski, Vermont.

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Buyer(S) 1

Buyer

DreamBox Learning

Bellevue, Washington, United States
Category Company
Founded 2006
Sector Education
DESCRIPTION

DreamBox Learning provides a deeply personalized learning experience that guides and engages students at all levels with a combination of a rigorous K-8 math curriculum and a motivating learning environment that work seamlessly with pioneering Intelligent Adaptive technology. DreamBox Learning was founded in 2006 and is based in Bellevue, Washington.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Vermont) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Sterling Partners Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $5 to $175 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.

DEAL STATS #
Overall 45 of 51
Sector (Software) 1 of 1
Type (Add-on Acquisition) 29 of 34
State (Vermont) 1 of 1
Country (United States) 43 of 49
Year (2021) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 Datacubed Health

Brooklyn, New York, United States

Datacubed Health is a technology company making better science and healthier communities a reality. Datacubed applies individualized solutions for the capture of data, including smartphone apps, wearable, in-home, and environmental sensors, for remote engagement with patients and for virtual clinical studies. Focusing on healthcare and life sciences, Datacubed offers software and services driven by behavioral science to improve patient retention and compliance, resulting in better data and positive health outcomes. Datacubed Health was founded in 2016 and is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Results Physiotherapy

Nashville, Tennessee, United States

Results Physiotherapy is a physical therapy company in the U.S., operating a network of over 200 clinics in nine states and treating more than 125,000 patients annually. The company prides itself on its commitment to clinical excellence through employee training and clinical emphasis on individualized treatment through manual therapy, exercise, and education, ensuring evidence-based care for each patient. Results Physiotherapy was formed in 1996 and is based in Nashville, Tennessee.

Sell -
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