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New Deal


Announced

Completed

Riverside-backed iCEV completed the acquisition of Drone Curriculum.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Private Equity

Domestic

Majority

Acquisition

United States

Electronic Components and Equipment

Single Bidder

Friendly

drones

Completed

Synopsis

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Riverside-backed iCEV, a developer of an educational platform, completed the acquisition of Drone Curriculum, a provider of drone-related content, curriculum and instructional materials. Financial terms were not disclosed. “This acquisition will allow iCEV to further expand its curriculum offering and will reinforce its commitment to STEM. DroneCurriculum.net is an engaging program providing students alternative content to learn traditional STEM concepts. Its courses have applications in many end markets, such as industrial infrastructure, agriculture, and logistics, and its FAA commercial drone pilot certification preparation fits squarely into iCEV’s thesis of ensuring students are well prepared to join the workforce," Drew Flanigan, Riverside Partner.

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