M&A Deal Summary

ITT Educational Services Acquires Cable Holdings

On August 2, 2013, ITT Educational Services acquired education company Cable Holdings

Acquisition Highlights
  • This is ITT Educational Services’ 2nd transaction in the Education sector.
  • This is ITT Educational Services’ 2nd transaction in the United States.
  • This is ITT Educational Services’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2013-08-02
Target Cable Holdings
Sector Education
Buyer(s) ITT Educational Services
Deal Type Add-on Acquisition

Target

Cable Holdings

Minneapolis, Minnesota, United States
Cable Holdings LLC (dba Benchmark Learning) is a IT and business training company. Benchmark Learning offers short-term IT and business learning solutions for career advancers and other professionals.

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Buyer(S) 1

Buyer

ITT Educational Services

Carmel, Indiana, United States
Category Company
Founded 1946
Sector Education
Employees4,100
Revenue 850M USD (2015)
DESCRIPTION

ITT Educational Services is a provider of technology-oriented undergraduate and graduate degree programs through its accredited ITT Technical Institutes and Daniel Webster College to help students develop skills and knowledge that they can use to pursue career opportunities in a variety of fields. ITT Educational Services was founded in 1946 and is based in Carmel, Indiana.

DEAL STATS #
Overall 2 of 4
Sector (Education) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (Minnesota) 1 of 1
Country (United States) 2 of 4
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-23 Daniel Webster College

Nashua, New Hampshire, United States

Daniel Webster College, Inc. is a provider of education services in US. The college offers professional and technology-based programs of study at the associate, baccalaureate and master degree levels both in residence and through distance education.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-31 Great Equalizer

Irvine, California, United States

Great Equalizer, Inc. (dba Ascolta) is a provider of internetworking and IT training services. Ascolta offers authorized Cisco and other vendor training, while CompetenC provides authorized HP and related training

Buy -
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