Superior Capital Partners Completes Acquisition Of Add-On Investment To XanEdu
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Superior Capital Partners LLC, a Detroit-based private equity firm, announced it has acquired the coursepack business of Huron Valley Publishing as an add-on acquisition to its Ann Arbor-based XanEdu Publishing.
XanEdu is the nation’s largest provider of custom, digital coursepacks to the higher education markets.
The transaction represents the eighth acquisition from Superior’s 2008 inaugural fund and the fourth acquisition in 2011.
Also based in Ann Arbor, Huron Valley’s Coursepack business has provided custom coursepacks to the Southeast Michigan higher education market for more than 30 years. The Huron Valley acquisition strengthens XanEdu’s presence with colleges and universities in the region.
XanEdu was founded in 1999 to serve the emerging digital custom publishing marketplace and was acquired by Superior in 2009.
Said XanEdu president and CEO Dan Arbour: “This is a very exciting acquisition for XanEdu. The partnership between XanEdu and Huron Valley creates a larger, more diverse and substantial player in the industry. We ultimately seek to expand XanEdu’s industry-leading, technology-based approach to coursepack compilation and delivery to Huron Valley’s customers.”
Added Andrew Wiegand, Superior vice president: “This is an ideal add-on acquisition for XanEdu. The transaction accelerates XanEdu’s strong revenue growth trajectory that began following our acquisition. The company will continue to invest in technology and its digital capabilities to serve the participant-centered, interactive learning environment that is growing among leading universities.”
Superior combines capital, transaction experience and operational improvement expertise with proven management teams who have the vision, capability and commitment to successfully improve and grow businesses. Superior seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Generally, these companies will have annual revenue of $10 to $150 million, identifiable growth opportunities and the need for capital and resources to implement a growth and recovery plan.