Saw Mill Capital has sold Meteor Education to Bain Capital Double Impact
Based in Gainesville, Florida, Meteor Education is a leading provider in the design, development and implementation of innovative ProSocial Learning EnvironmentsTM & Experiences for K-12 schools. Meteor serves an expanding addressable market driven by the long-term shift toward 21st century learning environments that promote collaborative educational experiences. In addition to a turnkey customer experience in the design, equipping and implementation of enriching and connected learning spaces, the company provides a broad suite of value-added services, including new environment orientation seminars and related resources for educators, additional coaching and support on student engagement best practices and progress measurements for efficacy and impact. For more information, please visit www.meteoreducation.com.
Under the stewardship of Saw Mill Capital, Meteor has grown into the leading provider of ProSocial Learning EnvironmentsTM that support education leaders in driving higher student and teacher engagement, improve academic outcomes and ultimately create future-ready students. The company has demonstrated exceptional financial performance and strong growth, both through organic initiatives and mergers and acquisitions, with multiple accretive add-on acquisitions completed in recent years.
Travis Foltz, Principal at Saw Mill Capital, commented, “Lincoln’s combination of strong education and distribution expertise and investor relationships made them a valuable partner throughout the sale process. Its highly supportive team of bankers offered important guidance every step of the way, and we were able to achieve a strong outcome for all stakeholders. We are thankful for the partnership with Bill Latham and the Meteor team and are proud of what we were able to achieve together over the last five years, and we are excited to watch the next stage of Meteor’s growth trajectory.”
Tom Burgett, Managing Director in Lincoln’s Business Services Group, commented, “Meteor experienced tremendous growth during its partnership with Saw Mill. During their partnership, Meteor has grown to be the industry leader and consolidator of choice in the high impact learning environment space. Led by a strong and experienced management team, we expect this successful growth story to continue with the company’s new partner, Bain Capital Double Impact.”
Brad Keyworth, Managing Director in Lincoln’s Business Services Group who leads the firm’s distribution sector coverage, added, “Over the years, Meteor has developed a highly differentiated value proposition focused on driving innovation, engagement and outcomes for the market and its customers. In partnership with Saw Mill, Meteor leveraged that market position to establish itself as a true platform, making the company the clear consolidator in a highly attractive market where there is significant advantage to scale.”
Saw Mill Capital
Saw Mill is a middle market private equity (PE) firm focused on investing in leading business services, distribution and manufacturing companies. The firm employs a unique and disciplined investment process to identify companies capable of significant growth, and utilizes an in-house research team to perform industry due diligence, support its investment processes and guide its portfolio companies. Saw Mill boasts a highly successful track record investing in growing middle market companies. For more information, please visit www.sawmillcapital.com.
Bain Capital Double Impact
Bain Capital Double Impact is a PE firm focused in partnering with businesses that deliver both financial results and meaningful, measurable social and environmental good. The firm aims to actively partner with companies across three themes: health and wellness, education and workforce development and sustainability to create long-term value and meaningful social impact at scale. For more information, please visit www.baincapitaldoubleimpact.com.
Lincoln’s combination of strong education and distribution expertise and investor relationships made them a valuable partner throughout the sale process. Its highly supportive team of bankers offered important guidance every step of the way, and we were able to achieve a strong outcome for all stakeholders.
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