Gauge Capital has acquired eDynamic Learning in partnered with shareholders and management team of the company. Financial terms were not disclosed. Financing for the transaction was provided by Crestline Investors.
Tom McKelvey, Drew Johnson and James Jackson from Gauge Capital have joined eDynamic Learning board of Directors. Kevin Viau, founder and CEO, will continue as CEO and a director of the company.
Founded in 2008, Kelowna, BC based eDynamic Learning is a leading provider of online career and elective courses serving the virtual, blended, and brick & mortar U.S. middle and high school market. The company offers over 70 courses segmented within 16 career clusters ranging from Forensic Science to Gothic Literature.
“This is an exciting time as we partner with Gauge Capital to drive the next chapter of success for our Company. This relationship promotes expanded product offerings, increased market share, and accelerated growth. We are excited to begin the relationship with Gauge, a company with experienced professionals, a proven track record, and an extensive network within the education industry,” said Viau.
“We are excited to partner with an industry leader and support the Company’s mission of providing students access to a diverse set of career and elective courses. eDynamic has become an industry leader through developing courses that are engaging, relevant, and high quality. Since we were first introduced, we have been impressed with Kevin and the Company that he and the rest of the eDynamic team have built. Kevin is a fantastic operator and we are confident that together we will be able to realize our shared vision for what eDynamic can become,” said McKelvey, co-Founder and Managing Partner at Gauge Capital.
Southlake, Texas based Gauge Capital is a private equity firm focused on investing in growth-oriented middle market companies. “As the largest investor in our own funds, our interests are aligned with those of our partners. Our primary aim is long-term, sustainable value creation through transformational change, organic growth and strategic acquisitions.”
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photo credit: eDynamic