M&A Deal Summary

Education Affiliates Acquires Fortis Institute

On December 15, 2009, Education Affiliates acquired diversified company Fortis Institute from Generation Partners

Acquisition Highlights
  • This is Education Affiliates’ 1st transaction in the Diversified sector.
  • This is Education Affiliates’ 1st transaction in the United States.
  • This is Education Affiliates’ 1st transaction in Texas.

M&A Deal Summary
Date 2009-12-15
Target Fortis Institute
Sector Diversified
Buyer(s) Education Affiliates
Sellers(s) Generation Partners
Deal Type Add-on Acquisition

Target

Fortis Institute

Grand Prairie, Texas, United States
Fortis Institute is a provider of medical career training and allied healthcare education programs to school graduates and adult students.

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Buyer(S) 1

Buyer

Education Affiliates

Baltimore, Maryland, United States
Category Company
Founded 2004
Sector Education
DESCRIPTION

Education Affiliates owns post-secondary schools that offer degree and diploma programs in fields such as allied health, nursing, skilled trades, business, information technology and commercial driver training. Education Affiliates was founded in 2004 and is based in Baltimore, Maryland.

DEAL STATS #
Overall 1 of 1
Sector (Diversified) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1

Seller(S) 1

SELLER

Generation Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Generation Partners is a private equity firm focused on investing in growth companies at various stages of development. Generation looks to commit $10 to $75 million of equity capital per investment. The Firm is a hands-on investor, helping managers take their companies to the next level. Areas of interest include business services, information services, consumer services, media, communications, entertainment, healthcare services, and technology. Generation will consider both majority and minority positions. Generation Partners was formed in 1995 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 10 of 15
Sector (Diversified) 1 of 1
Type (Add-on Acquisition) 3 of 6
State (Texas) 2 of 2
Country (United States) 10 of 15
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-10 High End Systems

Austin, Texas, United States

High End Systems, Inc. is a lighting products and control systems that illuminate some of the biggest artists on the largest stages, as well as film and television studios, cruise ships, corporate events, theme parks, churches, restaurants and retail spaces. High End Systems, Inc. is headquartered in Austin, Texas.

Sell $55M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-02 iCrossing

Scottsdale, Arizona, United States

iCrossing,Inc. is a search engine marketing agency that builds strategics for Fortune 500 companies and manages visability across many search engines.

Sell -
Mergr

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