Atwood Capital Partners Advises Educational Tools, Inc. on its Sale to Triumph Learning
Atwood Capital Partners is pleased to announce that it has advised the shareholders of Educational Tools, Inc. on its sale to Triumph Learning, a subsidiary of Haights Cross Communications (“HCC”). Myron Pincomb, CEO of Educational Tools, will become President and CEO of Triumph Learning and lead the combined organization. Mr. Pincomb will report directly to Ron Schlosser, HCC’s Chairman and CEO. Terms of the transaction were not disclosed.
Atwood Capital Partners led the negotiations and execution of the transaction.
Educational Tools, Inc., based in Jacksonville, Florida and founded in 1999, is the creator and developer of iCORE, an industry leading digital curriculum tool for K-12 teachers nationwide. iCORE provides individualized instruction that is fully aligned to state specific standards for math, science, reading and social studies.
Triumph Learning, based in New York City and founded in 1975, is the market leader in publishing standards-aligned, skills-based instruction workbooks for K-12 students. Its three imprints, Coach, Buckle Down and Options, together sell over 25 million copies annually and have the #1 market position in the state-specific test preparation materials industry, for students of all ability levels. Its parent, Haights Cross Communications, is a premier educational and library publisher dedicated to creating the finest books, audio products, periodicals, software and online services serving K-12 supplemental education, public and school libraries, and consumers.
Ron Schlosser, President and CEO of Haights Cross commented: “Triumph Learning’s acquisition of Educational Tools brings together the leader in state-specific test preparation materials with the leading digital curriculum product. The iCORE product allows teachers to provide differentiated instruction that is aligned to both state standards as well as new Common Core standards – in a fully digital format. Together, our companies will have an unsurpassed body of quality instructional content that is available in print format, online, over a digital whiteboard, mobile device or wherever the teacher chooses to engage the student.”
Myron Pincomb, President, Educational Tools Inc. commented: “iCORE offers much more than test preparation and assessments. For every state standard, iCORE currently delivers a full curriculum product that includes items found today in textbooks, workbooks, lab books, lesson plans, video libraries, audio libraries, online assessments and content-aligned gaming tools in a digital format. For a fraction of the cost of traditional instructional materials, iCORE provides high quality interactive digital curriculum, flexible instructional delivery, and real-time data that allow the tracking of student achievement at the school, district, and state level.”
About Atwood Capital Partners
Atwood Capital Partners is an independent middle market investment bank for the information, media, technology, and communications industries. Drawing from the Atwood team's deep investment banking, operational and investment management experience, the firm offers corporate executives and entrepreneurial owners alike expert guidance for mergers & acquisitions, debt and equity financings, and financial restructuring transactions. Clients value Atwood's access to a global network of influential relationships, which has been built and strengthened throughout the firm’s three decade history. Headquartered in New York with a presence in Shanghai, the firm offers its clients the right connections across its targeted industries around the world. Atwood is a registered broker-dealer.