McGraw Hill announced recently that it has entered into a definitive agreement to acquire Achieve3000, a recognized leader in differentiated instruction and learning acceleration for pre-K-12 students in all 50 states and 49 countries.
Financial terms were not disclosed. The transaction is expected to be completed in approximately 60 days, subject to customary closing conditions.
Based in Red Bank and founded more than 20 years ago, Achieve3000 delivers a comprehensive learning platform that significantly accelerates and deepens learning in literacy, math, science, social studies and English language arts. Teachers in every subject rely on Achieve3000’s solutions to promote equity, increase engagement and accelerate learning in their classes.
McGraw Hill CEO Simon Allen feels the company Is a perfect fit.
“This is a great opportunity to further complement our core products in pre-K-12 with supplemental and intervention solutions to help students of all ages and abilities, which has become even more important since the pandemic,” he said. “With this acquisition, we will offer a wider array of outstanding digital learning materials that serve teachers, engage students and drive better learning outcomes.”
Stuart Udell, CEO of Achieve3000, agreed.
“Both organizations already share a common mission of accelerating learning for all students,” he said. “By joining forces with McGraw Hill, we foresee a tremendous opportunity to expand our reach and jointly deliver a powerful learning experience to students, whether in a classroom, at home or in a hybrid environment.”
McGraw Hill is a portfolio company of Platinum Equity. Achieve3000 is McGraw Hill’s first add-on acquisition since Platinum Equity acquired the company in July.