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M&A Deal Summary

Sallie Mae Acquires Scholly

On July 26, 2023, Sallie Mae acquired business services company Scholly

Acquisition Highlights
  • This is Sallie Mae’s 2nd transaction in the Business Services sector.
  • This is Sallie Mae’s 8th transaction in the United States.
  • This is Sallie Mae’s 1st transaction in California.

M&A Deal Summary
Date 2023-07-26
Target Scholly
Sector Business Services
Buyer(s) Sallie Mae
Deal Type Add-on Acquisition
Advisor(s) Peak Technology Partners (Financial)
Carter Ledyard & Milburn (Legal)

Target

Scholly

Hollywood, California, United States
Scholly is a scholarship search and app that provides scholarship administration technology and matches users with strategic partners to help them earn cash back through its platform Scholly Offers. Scholly is based in Hollywood, California.

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Buyer(S) 1

Buyer

Sallie Mae

Newark, Delaware, United States
Category Company
Founded 1972
Sector Financial Services
Employees1,710
Revenue 1.8B USD (2024)
DESCRIPTION
Entrance to SallieMae's corporate headquarters in Newark, Delaware.
Entrance to SallieMae's corporate headquarters in Newark, Delaware.

Sallie Mae is a private student lending company that provides financing and know-how to support access to college and offers products and resources to help customers make new goals and experiences, beyond college, happen. Sallie Mae was founded in 1972 and is based in Newark, Delaware.

DEAL STATS #
Overall 8 of 8
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 6
State: California M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 Nitro College

Wilmington, Delaware, United States

Nitro College is a digital marketing and education solutions company. Nitro is committed to helping college students and their families by offering a variety of resources to help them finance their higher education. Nitro College is based in Wilmington, Delaware.

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