Pan Am Education has completed a deal with a Pivotal Group affiliate of Phoenix, Arizona. As part of the transaction, private equity and real estate investment firm Pivotal Group will own a majority interest while Pan Am founding management will maintain a stake in the company and continue day-to-day operations. Transaction funds will be used for growth and international expansion.
Pan Am Education is pleased to announce the successful completion today of an investment transaction with a Pivotal Group affiliate (“Pivotal Group”) of Phoenix, Arizona. As part of the asset purchase transaction, Pivotal Group will own a majority interest while Pan Am founding management will maintain a stake in the company and continue day-to-day operations. Transaction funds will be used to propel the growth of Pan Am Education and expedite international expansion. The transaction is also expected to create new jobs in Arizona and around the US.
“The Pivotal Group recognized Pan Am’s unique interactive, blended-learning, global platform and capable management team. We’re very excited to work with Pan Am to improve the global mindset of students and educators as we expand around the world.” – Francis Najafi, CEO, Pivotal Group.
The transaction is a good fit for the global view of Pivotal Group and Pan Am. “Pan Am is delighted to join with the Pivotal Group team. Francis Najafi has put together a great organization that shares our vision to improve access to quality education and help us to continue to make these programs more affordable to students around the world,” states Joe Merrill, CEO and cofounder of Pan Am Education.
Angel Chaves, Pan Am Education EVP and cofounder adds, “With additional resources and the support of the Pivotal Group, we will change the face of education and create opportunities for students and teachers everywhere.”
Christopher Nyren and Todd Maurer of Educated Ventures advised Pan Am Education with respect to the transaction.
Pan Am Education is an Arizona company that was founded to connect quality teachers with the students that need them, anytime, anywhere. For non-employment related inquiries about the company please email to email@example.com.
Founded more than a quarter century ago by CEO F. Francis Najafi, Pivotal Group is a diversified investment company primarily focused on private equity and real estate, particularly drawn by the unrealized potential of well-managed, middle-market companies with unique assets. Pivotal Group works in partnership with acquired company management to strengthen the firm’s strategic and financial position through planning, improving operations and creating growth initiatives.