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Bain Capital Partners Acquires School Specialty

According to Whitestone Communications, Bain Capital Partners announced that it plans to buy School Specialty Publishing for a reported $1.5 billion.  The deal accounted for 93% of the quarter's $1.9 billion in education/reference acquisition volume. 

Announced on June 2, the deal is expected to close by the end of October. David Vander Zanden, president/CEO of School Specialty, is expected to retain his position.

In other news, WRC Media sold key asset American Guidance Service (AGS) to Pearson Education.

Questions, ideas, or in need of more information? Please contact Stacey Pusey at 302-295-8349.

Download the pdf from Whitestone Communications

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