M&A Deal Summary

Nelnet Acquires Next Gen Web Solutions

On April 14, 2025, Nelnet acquired software company Next Gen Web Solutions

Acquisition Highlights
  • This is Nelnet’s 3rd transaction in the Software sector.
  • This is Nelnet’s 8th transaction in the United States.
  • This is Nelnet’s 1st transaction in Florida.

M&A Deal Summary

Date 2025-04-14
Target Next Gen Web Solutions
Sector Software
Buyer(s) Nelnet
Deal Type Add-on Acquisition

Target

Next Gen Web Solutions

Jacksonville, Florida, United States
Next Gen Web Solutions specializes in providing software solutions tailored for higher education institutions. Next Gen Web Solutions is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

Nelnet

Lincoln, Nebraska, United States

Category Company
Founded 1977
Sector Financial Services
Employees6,739
Revenue 1.2B USD (2024)
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 8 of 8
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 7 of 7
State: Florida M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-05 Nelnet Renewable Energy

Wheeling, Illinois, United States

Nelnet Renewable Energy is a 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 Colorado. Nelnet Renewable Energy was formed in 2012 and is based in Wheeling, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-20 Nelnet Renewable Energy

Wheeling, Illinois, United States

Nelnet Renewable Energy is a 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 Colorado. Nelnet Renewable Energy was formed in 2012 and is based in Wheeling, Illinois.

Sell -