Linsalata Capital Partners Acquires Glynlyon, Inc.
Mayfield Heights, Ohio (January 19, 2016) – Linsalata Capital Partners (LinCap), a Cleveland-based private equity firm, announced that it has acquired a majority interest in Glynlyon, Inc. (“Glynlyon”). The acquisition of Glynlyon is the fifth platform investment in Linsalata Capital Partners Fund VI, L.P., a $427 million fund focused on lower middle market transactions. It is also the second Business Services transaction completed by the firm since industry veteran Jeff Wahl joined the LinCap team. Terms of the Glynlyon acquisition were not disclosed.
Glynlyon, headquartered in Chandler, Arizona, is a leading national provider of technology-enabled secular and faith-based education curriculum for preK-12 students. The Company’s academic solutions are sold under a portfolio of brands, including Odysseyware and Alpha Omega Publications, to thousands of public and private school districts as well as individuals. Through its time-tested brands, Glynlyon offers superior academic solutions for every style of learning and type of classroom, so that all students can experience a rich and rewarding education. The Company is led by a seasoned management team including Founder Bob Campbell and CEO Beth Te Grotenhuis, who collectively possess more than 50 years of industry experience.
Founder Bob Campbell said, “Glynlyon has emerged as a highly successful educational provider with a very bright future. We are pleased to have established a partnership with LinCap that we believe will enable us to seize the many exciting opportunities that lie ahead.”
The Company’s CEO, Beth Te Grotenhuis, commented, “This is a new and exciting chapter for Glynlyon, its employees and its educational partners. We believe this will allow Glynlyon to impact more student lives by continuing to invest in our people, products and future.”
Gregg Taber, Senior Managing Director of LinCap, said, “Glynlyon presents another great opportunity for LinCap to build on our long history of partnering with a founder and management team in a business with tremendous opportunity. Bob and Beth’s dedication have provided a strong foundation and track record. We look forward to working with the team to accelerate the growth trajectory and serving students and school districts across the country.”
Jeff Wahl, an Operating Partner with LinCap and education industry veteran, added, “Education technology is an exciting industry with a tremendous amount of runway left for growth as schools continue to integrate digital learning into their classroom curriculum due to better student outcomes, teacher constraints and government mandates, among other factors. We certainly think Glynlyon is well-positioned in its markets to capitalize on these dynamics.”