M&A Deal Summary

North American Funds Acquires Minnesota Educational Computing

On January 5, 1991, private equity firm North American Funds acquired education company Minnesota Educational Computing

Acquisition Highlights
  • This is North American Funds’ 1st transaction in the Education sector.
  • This is North American Funds’ 2nd transaction in the United States.
  • This is North American Funds’ 1st transaction in Minnesota.
Investment Fate
  • Minnesota Educational Computing was sold to a publicly-traded strategic buyer in 1994.

M&A Deal Summary

Date 1991-01-05
Target Minnesota Educational Computing
Sector Education
Buyer(s) North American Funds
Deal Type Buyout (LBO, MBO, MBI)

Target

Minnesota Educational Computing

Minneapolis, Minnesota, United States
Minnesota Educational Computing Corporation is a Developer of fun learning software for use by children in schools and at home. The company's best known product is The Oregon Trail.

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Buyer(S) 1

Buyer

North American Funds

Chicago, Illinois, United States

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

North American Funds LLC (Formerly North American Business Development Companies LLC) are a collection of investment vehicles focused on acquiring or making significant investments in smaller and lower middle-market growth-oriented companies. North American targets profitable companies generating sales of $5 to $40 million and EBITDA of $500K to $5 million. Sectors of interest include manufacturing, food/beverage, medical services, consumer products/services, distribution, business services, education, and financial services. The fund partnerships are managed by the North American Business Development Companies. North American Funds was formed in 1989 and maintains offices in Chicago, Illinois and Fort Lauderdale, Florida.


DEAL STATS #
Overall 2 of 7
Sector: Education M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 7
State: Minnesota M&A 1 of 1
Country: United States M&A 2 of 7
Year: 1991 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1989-01-01 ACR Group

Fort Lauderdale, Florida, United States

ACR Group is a provider of advanced electronics for tracking, communication, data management, and visual and distressed signaling across attractive growth markets including aviation, marine, military, and specialty applications. ACR Group was founded in 1956 and is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1992-06-29 AMTEC Precision Products

Elgin, Illinois, United States

AMTEC Precision Products, Inc. is a manufacturer of high-volume, close-tolerance machined metal components principally for automotive, diesel engine and capital equipment markets.

Buy -