The McLean Group Advises Triad Interactive on Sale to McGraw Hill
McLean, Va. ā May 13, 2021 ā McGraw Hill, a leading educational publisher providing customized educational content, software, and services for pre-K through postgraduate education, announced today it has acquired Triad Interactive, Inc., a developer of e-learning software for higher education establishments. Ā This engagement was led by The McLean Groupās technology practice. Terms of the transaction were not disclosed.
Triad, a 25-year-old Washington, DC company, was founded by Cheryl Manning and Catherine Swinson, both of whom will join McGraw Hill in consulting roles. All employees from Triad have joined McGraw Hill following the acquisition.
“This acquisition is the exciting and logical next step in our longtime relationship with Triad and their incredible employees,” said Michael Ryan, President of McGraw Hill’s Higher Education group. “By joining together, we’ll be able to make SIMnet stronger and better, improving implementation and support services for customers, fueling future growth and development of the product and exploring new markets and channels to bring the program to a larger audience.”
“Our team has worked in concert with McGraw Hill for many years ā almost as if we were part of the same company,” Manning and Swinson said, jointly. “We’re thrilled to now officially become part of the McGraw Hill family and to continue evolving the SIMnet content and platform to serve more learners in the future.”
McLean Groupās Managing Director, Paul Klick added: āIn this engagement, our focus was to find the best partner for our client while still providing substantial value to the shareholders. We explored several options but wanted to make sure the partner chosen would support the strong corporate culture that has been built and nurtured throughout the year.Ā McGraw Hill was the logical fit and provided the best opportunity for both corporate and personal growth of the Triad team.ā
āABOUT MCGRAW HILL
McGraw Hill is a learning science company that delivers personalized learning experiences that drive results for students, parents, educators and professionals. We focus on educational equity, affordability and learning success to help learners build better lives. Headquartered in New York City, McGraw Hill has offices across North America, Asia, Australia, Europe, the Middle East and South America, and makes its learning solutions for PreK-12, higher education, professionals and others available in more than 80 languages. Visit us at mheducation.com or find us on Facebook, Instagram, LinkedIn or Twitter.
ABOUT TRIAD INTERACTIVE
Headquartered in Washington DC, Triad Interactive is the developer of SIMnetĀ® ā a simulated Microsoft Office learning and assessment application. More than 1,000,000 students worldwide have used the SIMnet program for Microsoft Office skills assessment. Triad develops both the educational content and the software platform through which the content is delivered.
About The McLean Group
The McLean Group, LLC is a 25-year-old boutique investment bank and financial services firm focused on the Defense, Government & Intelligence (DGI), Security, Critical Infrastructure, and Maritime markets. Its team of licensed professionals brings deep industry experience and relentless execution to every client engagement. The McLean Group provides solutions that blend financial creativity with operational expertise. Whether they are providing transaction advisory services, valuation opinions, or growth capital, the Firmās services are unmatched in these core markets. Learn more at www.McLeanLLC.com.
RECENT NEWS
Joshua Butler Joins The McLean Group
The McLean Group welcomes Josh Butler as its newest member of its Defense, Government, and Intelligence (DGI) M&A practice. Mr. Butler brings over 10 years of M&A and corporate finance experience, working with entrepreneurs, private equity, and public company clients. His background includes serving as an advisor at a Big 4 accounting firm, a Vice President at a bulge bracket investment bank in New York, and most recently, as a Director at a Washington DC Metro area Aerospace, Defense, and Government-focused investment bank. […]
McLean Advised Quintron Systems on its Sale to SAS a Godspeed Captial Company
The McLean Group provided advisory services to Quinton Systems during its recent sale to Special Aerospace Services (SAS), a Godspeed Capital Partners portfolio company. Quintron provides innovative, secure communications technology solutions tailored for the space and defense markets. The acquisition brings longstanding customer relationships well aligned with SASā strategic growth objectives specifically with NASA and select commercial space customers who rely on Quintronās sophisticated Voice-over-IP (VoIP) communications technologyĀ […]
McLean Advised Microtel on its Sale to Tyto Athene an Arlington Capital Company
The McLean Group provided advisory services to Microtel during its recent sale to Tyto Athene, an Arlington Capital portfolio company. The acquisition of Microtel further strengthens Tytoās longstanding customer relationships and capabilities across the space domain. The Companyās key software development specialties include mission-critical flight software to control robotic spacecraft, rovers, and other onboard flight applications for command, telemetry, and science data processing. […]