M&A Deal Summary

Follett Acquires ClassBook.com

On February 23, 2016, Follett acquired e-commerce company ClassBook.com

Acquisition Highlights
  • This is Follett’s 1st transaction in the E-Commerce sector.
  • This is Follett’s 4th transaction in the United States.
  • This is Follett’s 1st transaction in New York.

M&A Deal Summary
Date 2016-02-23
Target ClassBook.com
Sector E-Commerce
Buyer(s) Follett
Deal Type Add-on Acquisition

Target

ClassBook.com

Castleton, New York, United States
ClassBook.com is an online textbook and eTextbook retailer, serving primary and secondary private schools. ClassBook pioneered the highly customizable online virtual bookstore that streamlined the buying process for students and their families.

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Buyer(S) 1

Buyer

Follett

Westchester, Illinois, United States
Category Company
Founded 1873
Sector Retail
DESCRIPTION
Follett's corporate headquarters in Westchester, Illinois.
Follett's corporate headquarters in Westchester, Illinois.

Follett is a retailer and provider of educational materials and technology solutions to PreK-12 libraries, classrooms, learning centers and school districts in the United States, and a major supplier to educational institutions worldwide. Follett was formed in 1873 and is based in Westchester, Illinois.

DEAL STATS #
Overall 4 of 9
Sector (E-Commerce) 1 of 2
Type (Add-on Acquisition) 4 of 9
State (New York) 1 of 1
Country (United States) 4 of 9
Year (2016) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Advanced-Online

Coppell, Texas, United States

Advanced-Online is an ecommerce provider of branded merchandise store programs for education and corporate customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-30 Wobo

Martinez, California, United States

Wobo, Inc. is an online vendor of books, cds and dvds. Selling through various online marketplaces.

Buy -
Mergr

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