M&A Deal Summary

The University of Arizona Global Campus Acquires Ashford University

On November 16, 2020, The University of Arizona Global Campus acquired education company Ashford University from Zovio

Acquisition Highlights
  • This is The University of Arizona Global Campus’ 1st transaction in the Education sector.
  • This is The University of Arizona Global Campus’ 1st transaction in the United States.
  • This is The University of Arizona Global Campus’ 1st transaction in California.

M&A Deal Summary
Date 2020-11-16
Target Ashford University
Sector Education
Buyer(s) The University of Arizona Global Campus
Sellers(s) Zovio
Deal Type Divestiture

Target

Ashford University

Alameda, California, United States
Ashford University is an accredited & affordable online university with degree programs made with flexible schedules for busy adults.

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Buyer(S) 1

Buyer

The University of Arizona Global Campus

Tucson, Arizona, United States
Category Company
Sector Education
DESCRIPTION

The University of Arizona Global Campus is an independent nonprofit Arizona corporation that will provide access to affordable high-quality higher education with flexible opportunities for students from diverse backgrounds seeking to achieve their educational and life goals. Global Campus will build on Ashford University's promise of high-quality online learning, access and inclusivity and the University of Arizona's mission as a land-grant institution focused on student success.

DEAL STATS #
Overall 1 of 1
Sector (Education) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Zovio

Chandler, Arizona, United States
Category Company
Founded 1999
Sector Education
Revenue 397M USD (2020)
DESCRIPTION

Zovio is a of postsecondary education services and delivers programs primarily online, as well as at traditional campuses. Zovio was formed in 1999 and is based in Chandler, Arizona.

DEAL STATS #
Overall 1 of 3
Sector (Education) 1 of 2
Type (Divestiture) 1 of 3
State (California) 1 of 2
Country (United States) 1 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-04 TutorMe

Los Angeles, California, United States

TutorMe is an online tutoring company offering a complete strategic partnership, qualified to provide premium online tutoring to academic institutions of all types and successfully improve student retention. TutorMe was founded in 2015 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 TutorMe

Los Angeles, California, United States

TutorMe is an online tutoring company offering a complete strategic partnership, qualified to provide premium online tutoring to academic institutions of all types and successfully improve student retention. TutorMe was founded in 2015 and is based in Los Angeles, California.

Sell -
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