Pamlico Capital has recapitalized MetaMetrics. No financial terms were disclosed. Based in Durham, North Carolina, MetaMetrics is an educational measurement and research company.
PRESS RELEASE
Durham, NC, January 4, 2016 – MetaMetrics, Inc. (“MetaMetrics” or the “Company”) announced today that Pamlico Capital (“Pamlico”) has completed a recapitalization of the Company. Co-Founders Jack Stenner, Ph.D., and Malbert Smith, Ph.D., along with the rest of the management team will continue to lead the growth of the Company going forward. Jack Stenner, Ph.D., and Malbert Smith, Ph.D., will also maintain significant ownership in MetaMetrics. Pamlico has committed additional equity capital to support future acquisitions and organic growth initiatives. Further transaction details have not been disclosed.
Headquartered in Durham, NC and founded in 1984, MetaMetrics is focused on improving education for learners of all ages and ability levels. The Company develops scientific measures of academic achievement and complementary technologies that link assessment results with real-world instruction. MetaMetrics’ flagship product, the Lexile® Framework for Reading, provides a common, developmental scale and measure to match readers with resources targeted to their ability level. To learn more, click here.
ABOUT US
Pamlico Capital is a private equity firm founded in 1988 which primarily invests in lower middle market companies in the U.S. Pamlico Capital seeks control-oriented growth equity investments of up to $100 million alongside proven management teams in its target industries: business & technology services, communications, and healthcare. Since inception, the firm, based in Charlotte, NC, has invested over $2.5 billion. For additional information, please visit www.pamlicocapital.com
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