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  6. Sterling Partners Private Equity Invests In Reading Plus

Investment Summary

Sterling Partners Private Equity Invests In Reading Plus

On May 13, 2019, private equity firm Sterling Partners Private Equity invested in software company Reading Plus

Investment Highlights
  • This is Sterling Partners Private Equity’s 1st transaction in the Software sector.
  • This is Sterling Partners Private Equity’s 58th transaction in the United States.
  • This is Sterling Partners Private Equity’s 1st transaction in Vermont.
Investment Fate
  • Reading Plus was sold to a strategic buyer in 2021.

Investment Summary
Date 2019-05-13
Target Reading Plus
Sector Software
Investor(s) Sterling Partners Private Equity
Deal Type Growth Capital

Target

Reading Plus

Winooski, Vermont, United States
Reading Plus is an evidence-based, online program that provides personalized instruction and intervention for students, improving reading proficiency by 2.5-grade levels in a single school year. The adaptive literacy program develops fluency, comprehension, and vocabulary, while also measuring student motivation. It supports students with diverse needs, including multilingual learners, students who qualify for special education services, RTI/MTSS Tiers 1–3, and advanced readers. Reading Plus provides educators with easy-to-use management and reporting system, extensive resources to guide differentiated instruction, professional development, and highly rated customer support. Reading Plus is based in Winooski, Vermont.

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Investor(S) 1

Investor

Sterling Partners Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $35 to $150 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.

DEAL STATS #
Overall 60 of 66
Sector: Software M&A 1 of 1
Type: Growth Capital M&A Deals 14 of 19
State: Vermont M&A 1 of 1
Country: United States M&A 58 of 62
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-21 Livingston International

Toronto, Ontario, Canada

Livingston International focuses on customs brokerage and trade compliance, offering international trade consulting, global trade management, and freight forwarding. Livingston International was founded in 1945 and is based in Toronto, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-26 World Fiber Technologies

Alpharetta, Georgia, United States

World Fiber Technologies is a U.S. based telecommunications, intelligent transportation systems (ITS) and open road tolling systems (ORT) solutions provider with expertise in the growing renewable energy business sector. The company provides engineering, design, construction and maintenance expertise and services for fiber optic networks, wireless communications systems, ITS, traffic signalization, ORT systems and broadband telecommunications solutions. For nearly two decades, World Fiber has been driven by six core values: ownership, people, stability and flexibility, relationships, reinvestment and perseverance.

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