Quad Partners LLC has recapitalized Austin, Texas-based SchoolAdmin, a provider of admissions and enrollment software for K-12 schools. No financial terms were disclosed. GulfStar was financial adviser to SchoolAdmin on the transaction.
HOUSTON, June 5, 2019 — GulfStar Group (“GulfStar”) is pleased to announce the majority recapitalization of SchoolAdmin, LLC (“SchoolAdmin” or the “Company”) by Quad Partners LLC (“Quad Partners”). GulfStar served as the exclusive financial advisor to SchoolAdmin throughout the transaction, which closed on February 11, 2019.
SchoolAdmin is a market leader in admissions, enrollment and billing technology for K-12 schools. Working closely with more than 400 customers, the Company has gained a deep understanding of the needs of parents and school administrators. SchoolAdmin is driven by a mission to improve a school’s ability to recruit, admit, enroll, and retain students through easy-to-use, feature-rich solutions.
“We are thrilled to partner with Quad Partners and thankful to the individuals who worked so hard to help us reach this milestone,” said Nate Little, CEO of SchoolAdmin. “We have built a loyal customer base with a great product and talented team. We look forward to accessing Quad Partners’ resources to help enhance our product offerings and further support our organizational development. We couldn’t have accomplished the same successful outcome without GulfStar’s expert guidance, skill at running a process and deep understanding of our business.”
Quad Partners is a private equity firm committed to creating long-term value by investing in and building high-quality education companies. Equity for the investment will come from Quad Partners V LP, an education-focused private equity fund with $229 million of capital commitments raised in 2018. Founded in 2000 by Lincoln Frank and Daniel Neuwirth, Quad Partners has managed approximately $800 million over its history. Since its inception, Quad Partners has invested in more than 60 education companies, either as platforms or add-on acquisitions.
“We were honored to have the opportunity to work with Nate and the broader SchoolAdmin team,” said Roshan Gummattira, managing director of GulfStar. “The team has been extremely successful providing their customers with innovative, purpose-built software alongside stellar customer service, and we believe the partnership with Quad will help accelerate SchoolAdmin’s future growth.”
The GulfStar team was led by Roshan Gummattira, managing director, along with Charlie Craig, vice president, and Sarah Wilson, associate.
About GulfStar Group
GulfStar is a leading middle market investment bank headquartered in Houston. GulfStar specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, and general corporate finance advisory services to companies with revenues or enterprise values generally ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed more than 680 assignments in 35 states and 16 foreign countries across a variety of industries.