Penn Foster, Inc.
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Penn Foster, Inc. - overview
Established
1890
Location
Scranton, PA-Pennsylvania, US
Primary Industry
Education/Training
About
Based in Pennsylvania, US, and founded in 1890 by Thomas J. Foster as the International Correspondence Schools (ICS), and since 2006 as operated under the name Penn Foster, Penn Foster, Inc. owns and operates Penn Foster career school, Penn Foster high school, and Penn Foster college, and career schools. The company offers a digital learning platform such as accredited diplomas, certificates, and degree programs to help individuals discover opportunities.
As of January 2021, Penn Foster, Inc. is offering 100 accredited degree, diploma, and certificate programs.
Current Investors
BayPine, FOW Partners, Belzberg & Co.
Primary Industry
Education/Training
Sub Industries
Schools, Education & Training Website, Education & Training Services
Website
www.pennfoster.edu
Verticals
EdTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Penn Foster, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Carrus, Inc. | - | ||||||||
| Secondary Buyout | Completed | Penn Foster, Inc. | - | ||||||||
| Secondary Buyout | Completed | Ashworth College | - | ||||||||
| Secondary Buyout | Completed | Penn Foster, Inc. | - | ||||||||
| Trade Sale | Completed | UniversityNow, Inc. | - |
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Penn Foster, Inc. - employee data
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