M&A Deal Summary

The Riverside Company Acquires Applied Educational Systems

On October 12, 2022, private equity firm The Riverside Company acquired education company Applied Educational Systems

Acquisition Highlights
  • This is The Riverside Company’s 15th transaction in the Education sector.
  • This is The Riverside Company’s 192nd transaction in the United States.
  • This is The Riverside Company’s 8th transaction in Pennsylvania.

M&A Deal Summary
Date 2022-10-12
Target Applied Educational Systems
Sector Education
Buyer(s) The Riverside Company
Deal Type Buyout (LBO, MBO, MBI)

Target

Applied Educational Systems

Lancaster, Pennsylvania, United States
Applied Educational Systems is a provider of digital career and technical education content for K-12 schools and career centers. Applied Educational Systems was founded in 1987 and is based in Lancaster, Pennsylvania.

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Buyer(S) 1

Buyer

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 277 of 284
Sector (Education) 15 of 15
Type (Buyout (LBO, MBO, MBI)) 144 of 146
State (Pennsylvania) 8 of 8
Country (United States) 192 of 196
Year (2022) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 Xcentric

Clinton Township, Michigan, United States

Xcentric provides technology-enabled, quick-turn injection molding, rapid prototyping, and CNC machining services for clients across numerous industries including medical devices, aerospace, automotive, consumer products, and electronics. Xcentric was founded in 1996 and is based in Clinton Township, Michigan.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 OutSolve

Metairie, Louisiana, United States

OutSolve is a provider of comprehensive affirmative action planning and compliance solutions to help federal contractors meet the full requirements of Executive Order 11246, The Vietnam Era Veteran Readjustment Assistance Act, and Section 503 of the Rehabilitation Act of 1973, among other regulations. OutSolve was founded in 1998 and is based in Metairie, Louisiana.

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