McGraw Hill was the winning bidder in the sale of New Jersey-based edtech company Achieve3000. The deal is expected to close within 60 days, and it underscores support for McGraw from their new private equity owners at Platinum Equity. Terms were not disclosed, but earlier in August, sources told PE Hub that Achieve3000 had sales of about $100 million and EBITDA of $50 million, looking for a robust valuation of over $700 million. In the announcement, managing director at Platinum Equity Luke Myers, said: “We are making good on our pledge to help McGraw Hill accelerate its digital transformation, which […]
