The McLean Group Advises Triad Interactive on Sale to McGraw Hill
McLean, Va. – May 13, 2021 – 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. This engagement was led by The McLean Group’s 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 – 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 Group’s Managing Director, Paul Klick added: “In 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. McGraw Hill was the logical fit and provided the best opportunity for both corporate and personal growth of the Triad team.”
ABOUT 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 SIMnet® – 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 Firm’s services are unmatched in these core markets. Learn more at www.McLeanLLC.com.
RECENT NEWS
Monthly Middle Market M&A Insider Report (October 2024)
The McLean Group’s M&A team is excited to share our October edition of the M&A Insider Report! This month, we delve into the evolving trends shaping dealmaking within the DGI space. As the dust settles from the recent presidential election, our report offers a fresh analysis of recent high-impact government contracts and M&A activity, revealing how they’re reshaping the competitive landscape. Gain valuable intelligence to navigate this dynamic market and make strategic investment decisions. The M&A Insider remains your trusted resource for staying ahead of the curve in the DGI sector. […]
McLean Advised Dignari on Sale to Ernst & Young (EY)
The McLean Group advises DIGNARI on its recent sale to Ernst & Young (EY). DIGNARI, which uses a data-driven strategy to advise U.S. government clients, boasts a 300+ strong workforce […]
Q3 2024 Mergers & Acquisitions Market Update
A comprehensive review of the Q3 2024 middle-market mergers and acquisitions (M&A) market activity within the defense, government, security, technology, and critical infrastructure sectors reveals […]