NEW YORK — July 11, 2022 — Berkery Noyes, an independent mid-market investment bank, today released its half year 2022 mergers and acquisitions trend report for the Education Industry.
The report analyzes M&A activity during the first half of 2022 and compares it with the four previous six-month periods from 2020 to 2021. This market includes information and technology companies servicing the Education Industry, including the Childcare Services, K-12, Post-Secondary, and Corporate and Professional Training segments.
Total transaction volume in 1st Half 2022 decreased by two percent over 2nd Half 2021, from 218 to 213. In terms of acquirer type, strategic volume improved four percent on a half year basis, from 137 to 143. Private equity volume fell 14 percent, from 81 to 70. Total transaction value in 1st Half 2022 declined 30 percent over 2nd Half 2021, from $10.51 billion to $7.36 billion.
K-12 Media and Tech was the industry’s most active market segment in 1st Half 2022 with 52 transactions. The largest transaction in the segment and overall industry year-to-date was Veritas Capital’s announced acquisition of Houghton Mifflin Harcourt (HMH), a provider of K-12 core curriculum, supplemental and intervention solutions, and professional learning services, for $2.67 billion.
As for other select markets covered in the report, the Higher-Ed Institutions segment saw a 60 percent increase in deal activity, from 15 to 24 transactions. M&A volume in both the Professional Training Services and Technology segments remained nearly constant.
A copy of the EDUCATION INDUSTRY M&A REPORT FOR HALF YEAR 2022 is available at the Berkery Noyes website.