M&A Deal Summary

Stride Acquires Tech Elevator

On November 17, 2020, Stride acquired education company Tech Elevator for 24M USD

Acquisition Highlights
  • This is Stride’s 3rd transaction in the Education sector.
  • This is Stride’s 3rd largest (disclosed) transaction.
  • This is Stride’s 3rd transaction in the United States.
  • This is Stride’s 1st transaction in Ohio.

M&A Deal Summary
Date 2020-11-17
Target Tech Elevator
Sector Education
Buyer(s) Stride
Deal Type Add-on Acquisition
Deal Value 24M USD

Target

Tech Elevator

Cincinnati, Ohio, United States
Tech Elevator is an education provider helping individuals and companies acquire in-demand technology skills for the modern workforce. Through its 14-week, full-time, in-person and national live remote immersive online coding bootcamps, we teach students from a wide variety of backgrounds to become software developers while helping them build necessary career-readiness skills and career connections through its Pathway Program™ to land a meaningful job in tech. Tech Elevator was founded in 2015 and is based in Cincinnati, Ohio.

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Buyer(S) 1

Buyer

Stride

Herndon, Virginia, United States
Category Company
Founded 2000
Sector Education
Employees7,800
Revenue 2.0B USD (2024)
DESCRIPTION

Stride is a provider of proprietary, technology-based curriculum and online education programs to students in grades K-12. K12 provides its curriculum and academic services to online schools, traditional classrooms, blended school programs, and directly to families. Stride was founded in 2000 and is headquartered in Herndon, Virginia.

DEAL STATS #
Overall 3 of 3
Sector (Education) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Ohio) 1 of 1
Country (United States) 3 of 3
Year (2020) 3 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 MedCerts

Livonia, Michigan, United States

MedCerts LLC is a provider of training services self-paced, user-friendly multimedia, simulations, and more importantly, mentored learning assistance from expert instructors and certification professionals. MedCerts comprehensive video-based training programs provide students with the knowledge and skills required to obtain nationally and internationally recognized certifications in growing specialized Healthcare and IT fields. MedCerts was founded in 2009 and is based in Livonia, Michigan.

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