M&A Deal Summary

Nelnet Acquires Catholic Faith Technologies

On January 26, 2021, Nelnet acquired internet software and services company Catholic Faith Technologies

Acquisition Highlights
  • This is Nelnet’s 1st transaction in the Internet Software and Services sector.
  • This is Nelnet’s 6th transaction in the United States.
  • This is Nelnet’s 1st transaction in Kansas.

M&A Deal Summary
Date 2021-01-26
Target Catholic Faith Technologies
Sector Internet Software and Services
Buyer(s) Nelnet
Deal Type Add-on Acquisition

Target

Catholic Faith Technologies

Overland Park, Kansas, United States
Catholic Faith Technologies is an online learning and formation platform company that offers its learning management technology and services to faith-based organizations as Catholic Faith Technologies and to businesses under the CD2 Learning brand. Catholic Faith Technologies was founded in 2008 and is based in Overland Park, Kansas.

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Buyer(S) 1

Buyer

Nelnet

Lincoln, Nebraska, United States
Category Company
Founded 1977
Sector Financial Services
Employees7,550
Revenue 1.0B USD (2023)
DESCRIPTION

Nelnet focuses on delivering education-related products and services and student loan asset management. Nelnet earns interest income on a portfolio of federally insured student loans. The Company also makes investments to further diversify from its core education-related businesses. Nelnet was founded in 1977 and is based in Lincoln, Nebraska.

DEAL STATS #
Overall 6 of 7
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (Kansas) 1 of 1
Country (United States) 6 of 7
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-07 Great Lakes Educational Loan Services

Madison, Wisconsin, United States

Great Lakes Educational Loan Services, Inc. is a provider of loan processing services for students. Great Lakes Educational Loan Services is based in Madison, Wisconsin.

Buy $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-05 GRNE Solar

Palatine, Illinois, United States

GRNE Solar is a Midwest solar engineering, procurement, and construction (EPC) firm. The company designs and installs residential, commercial, and utility-scale solar systems in Illinois, Indiana, Iowa, Nebraska, Missouri, and soon in Colorado. GRNE's solar projects typically generate between 1 megawatt (MW) to 5 MWs of power. It also offers battery backup, electric vehicle charging, energy monitoring, and operations and maintenance services. GRNE Solar was formed in 2012 and is based in Palatine, Illinois.

Buy -
Mergr

Product

Company

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