U.S. private equity firm Guardian Capital Partners has confirmed its acquisition of Carson-Dellosa Publishing LLC, a Greensboro, North Carolina-based provider of K-8 supplemental education content for parents, teachers and students. No financial terms were disclosed for the deal, which was announced earlier this month by investment bank Lincoln International. The acquisition closed in July, Guardian said. The seller was Canadian private equity firm Birch Hill Equity Partners. Carson-Dellosa was previously an affiliate of Canadian entertainment and education company Cookie Jar Group.
Guardian Capital Partners Acquires Carson-Dellosa Publishing
August 25, 2016
WAYNE, Pa.–(BUSINESS WIRE)–Guardian Capital Partners (“Guardian”) announced that it has acquired Carson-Dellosa Publishing, LLC (“Carson-Dellosa” or the “Company”) on July 26, 2016. Guardian partnered with the executive management team who will continue operating the Company going forward.
Headquartered in Greensboro, NC, Carson-Dellosa is a leading provider of K-8 supplemental education content for parents, teachers and students with an established portfolio of market-leading brands including Spectrum, Summer Bridge, Carson-Dellosa Education and others. The Company’s products are recognized for its high quality content and comprehensive educational materials. With 35+ years of experience in the consumer educational products market, the Company offers digital and print workbooks, test-prep, hands-on learning materials and classroom décor and resources to solve critical needs for parents and teachers across students’ education. Carson-Dellosa’s products are used in over 1,000 schools and can be purchased at over 10,000 retail locations in addition to its direct-to-consumer e-commerce platform.
Al Greco, CEO of Carson-Dellosa said, “Carson-Dellosa puts the highest quality products in the hands of teachers and parents for a child’s educational journey. The education market is dynamic and growing, and our Company is well positioned to take advantage of these changes. This is an exciting time to partner with Guardian and leverage its hands-on philosophy and to support growth.”
Scott Evans, Managing Partner of Guardian stated, “Carson-Dellosa has a backbone of extraordinary content and distribution. Whether in print or digital format, and whether to complement teacher curriculum or solve for student needs for reinforcement or enrichment, Carson-Dellosa is a leading product of choice.” Adrian Ironside, Principal at Guardian, added, “The management team has a great vision for growth. We are excited to further develop and accelerate these strategies and build upon the already strong legacy of success.”
The law firm DLA Piper LLP advised Guardian. Wells Fargo provided senior financing for the transaction, and Patriot Capital provided mezzanine financing.
For more information about the transaction, contact Scott Evans or Peter Haabestad at Guardian Capital Partners at (610) 263-0107.
About Guardian Capital Partners (www.Guardiancp.com)
Guardian Capital Partners is a private equity firm based in suburban Philadelphia that makes control investments in lower middle market consumer products, niche manufacturing and specialty service companies. Guardian partners with management teams to provide equity capital to lead leveraged buyouts, recapitalizations and divestitures of family-owned businesses and non-core divisions of larger corporations. The private equity experience and complementary skill sets of the Guardian team provide a unique combination of operating and finance capabilities resulting in certainty of execution and meaningful long-term value creation for its portfolio companies.
Guardian Capital Partners Disclosure: Guardian Capital Partners is a Pennsylvania based investment advisor registered with the Securities and Exchange Commission under the Investment Act of 1940. Market conditions can vary over time and past fund performance does not guarantee future fund results.
Guardian Capital Partners
Scott Evans or Peter Haabestad
Photo courtesy of Carson-Dellosa Publishing LLC