September 2017Berkshire Partners Announces Investment in Curriculum Associates
Boston, Massachusetts – September 14, 2017 — Berkshire Partners LLC, a Boston-based investment firm, announced today a significant investment in Curriculum Associates. Founded in 1969, Curriculum Associates is a leading provider of K-12 educational assessment and instructional materials. Terms of the transaction were not disclosed.
“Curriculum Associates is a unique mission-driven company that has demonstrated remarkable growth,” said EJ Whelan, a Managing Director at Berkshire Partners. “We’re proud to be partnering with the CA team and look forward to supporting their continued growth with the shared goal of driving gains for more students nationwide.”
Curriculum Associates designs research-based print and online instructional materials, screens and assessments and data management tools. Curriculum Associates serves more than 6 million students and supports more than 300,000 educators nationwide with its print and digital learning programs. The company’s adaptive assessments, personalized learning materials and exceptional customer service provide teachers with the resources and support necessary to effectively serve students.
“We are thrilled to partner with a group we trust to uphold our values and which shares our future-focused vision,” said Rob Waldron, CEO of Curriculum Associates. “In making this decision, we were most attracted to Berkshire Partners’ successful track record of supporting growth companies and the firm’s long-term orientation. We are confident this partnership will improve the ways in which we serve students and teachers.”
Macquarie Capital acted as the financial advisor to Curriculum Associates and Foley Hoag LLP provided legal counsel. Barclays acted as the financial advisor to Berkshire Partners, while Ropes & Gray LLP provided legal counsel.