Infobase, a New York-based educational publishing company, announced today that it has acquired The Education Center (TEC), publisher of The Mailbox and Learning® magazine. The Mailbox is an online resource with more than 50,000 learning objects, lesson plans, and ideas for elementary school teachers. Learning® magazine is a quarterly print magazine that features, highlights, and reviews award-winning products and services for the elementary school market. Terms of the transaction were not disclosed. Scale Finance Managing Director, Dave Gilroy, advised TEC and managed the process end to end.
Founded in 1973, The Mailbox’s publishing program includes the creation of downloadable lesson plans, worksheets, teacher tips, and activities across a variety of curricular subjects. Widely known as a go-to resource for teachers around the country, The Mailbox materials offer convenient tools for enriching the classroom experience in creative ways while meeting educational standards.
“We are very excited to be adding The Mailbox and Learning® magazine to the Infobase family of products,” said Mark McDonnell, president and CEO of Infobase. “The Mailbox has a strong following in the elementary school market and will help us round out our product offerings to that market segment,” McDonnell added.
Infobase, a Veronis Suhler Stevenson portfolio company, is an educational solutions company providing award-winning digital reference content to the school and library community. Under such well-known brands as Facts On File, The World Almanac®, Learn360, and Films Media Group, Infobase provides students, educators, and librarians with a broad range of products that both enhance and enrich the learning experience. For more than 75 years, Infobase has been a reliable, authoritative resource for supporting the needs of schools, colleges and universities, and public libraries, providing flexible options for accessing educational content whether in school, at the library, or at home.
About Veronis Suhler Stevenson:
Veronis Suhler Stevenson is a private equity and debt capital fund management company dedicated to investing in the information, education, media, marketing and business services industries in North America and Europe. VSS provides capital for buyouts, recapitalizations, growth financings and strategic acquisitions to companies and management teams with a goal to build companies both organically and through a focused add-on acquisition program. The company’s website is www.vss.com.
About The Mailbox
In 1973, Marge and Jake Michel were educators frustrated by the lack of practical, ready-to-use materials for the classroom—so they created resources in their spare time. In 1979, they began producing The Mailbox, a magazine full of ideas from teachers for teachers. Since then, countless teachers have contributed to The Mailbox products.Today, we provide support to teachers with Learning® magazine and digital experiences, including our fully interactive digital edition of The Mailbox® magazine, TheMailbox.com resources, The Mailbox Gold planning tools, Lesson Plans on Demand, eBooks, ePackets, and eGift cards.All of our products are produced with teachers’ needs in mind—from keeping the classroom creative to aligning to standards.
About Scale Finance
Scale Finance LLC (www.scalefinance.com) provides contract CFO services, Controller solutions, and support in raising capital, or executing M&A transactions, to entrepreneurial companies. The firm specializes in cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, business valuations, and other financial management, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up to tens of millions in annual revenue. Scale Finance has multiple offices in the Carolinas including Charlotte, Raleigh/Durham, Greensboro, and Wilmington with a team of more than 45 professionals serving more than 130 companies throughout the region.