M&A Deal Summary

IXL Learning Acquires Carson Dellosa Education

On August 5, 2024, IXL Learning acquired e-commerce company Carson Dellosa Education from Guardian Capital Partners and Patriot Capital

Acquisition Highlights
  • This is IXL Learning’s 1st transaction in the E-Commerce sector.
  • This is IXL Learning’s 10th transaction in the United States.
  • This is IXL Learning’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2024-08-05
Target Carson Dellosa Education
Sector E-Commerce
Buyer(s) IXL Learning
Sellers(s) Guardian Capital Partners
Patriot Capital
Deal Type Add-on Acquisition

Target

Carson Dellosa Education

Greensboro, North Carolina, United States
Carson Dellosa Education is a provider of K-8 supplemental education content for parents, teachers, and students with an established portfolio of five market-leading brands known for high-quality, rigorous educational materials. Carson Dellosa Education was founded in 1975 and is based in Greensboro, North Carolina.

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Buyer(S) 1

Buyer

IXL Learning

San Mateo, California, United States
Category Company
Founded 1998
Sector Media
DESCRIPTION

IXL Learning, Inc. is a K-12 personalized learning platform company focused on delivering learning experience used by more than 7 million students worldwide. IXL Learning was formed in 1998 and is based in San Mateo, California.

DEAL STATS #
Overall 11 of 11
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 10 of 10
State (North Carolina) 1 of 1
Country (United States) 10 of 10
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 Dictionary.com

Oakland, California, United States

Dictionary.com is an online source for English definitions, synonyms, word origins, audio pronunciations, example sentences, slang phrases, idioms, word games, legal and medical terms, Word of the Day and more. The Company helps millions of people improve their use of the English language with its free digital services. Dictionary.com was formed in 1995 and is based in Oakland, California.

Buy -

Seller(S) 2

SELLER

Guardian Capital Partners

Wayne, Pennsylvania, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Guardian Capital Partners is a smaller private equity firm focused on control investments in family-owned companies and corporate divestitures. Guardian looks for profitable businesses with a 'history of stability' and a 'strong instaleed customer base'. Prospective opportunities are located in the US and typically generate sales of $20 to $150 million. Target sectors include industrial, manufacturing, business services, consumer products, and healthcare/medical devices. Guardian Capital Partners was formed in 2007 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 11 of 11
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (North Carolina) 1 of 1
Country (United States) 11 of 11
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-27 American Overhead Door & Dock

Levittown, Pennsylvania, United States

American Overhead Door & Dock is a commercial door and dock company in the tri-state area, currently serving Pennsylvania, New Jersey, Delaware, New York, and select other geographies. The company offers sales, installation, service, repair, and maintenance for doors, loading dock equipment, and safety and related products for a diverse customer base across commercial, industrial, cold storage, distribution, pharmaceutical, and other end markets. American Overhead Door & Dock was formed in 1989 and is based in Levittown, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-23 Linx

Denver, Colorado, United States

Linx provides technology infrastructure services for data center and mission-critical applications. Linx is based in Denver, Colorado.

Buy -
SELLER

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.

DEAL STATS #
Overall 49 of 50
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 28 of 29
State (North Carolina) 4 of 4
Country (United States) 49 of 50
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-18 Direct Line

Fremont, California, United States

Direct Line provides network cabling, infrastructure, and staffing services to data centers and other mission-critical environments. Direct Line has unique expertise in managing the complexities of installing, designing, and maintaining customized data and fiber optic cabling for data centers across various end markets. Direct Line was established in 1997 and is based in Fremont, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-20 United Urology Group

Owings Mills, Maryland, United States

United Urology Group is a urology physician practice management company with clinical offices and ambulatory surgical centers that provide general urologic care and ancillary service lines including surgical centers, pharmacy, radiation therapy, and a pathology lab. United Urology Group was founded in 2006 and is based in Owings Mills, Maryland.

Sell -
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