Excolere Equity Partners completed the acquisition of literacy and math solutions division from School Specialty.

Excolere Equity Partners, a middle market private equity firm, completed the acquisition of literacy and math solutions division from School Specialty, a provider of learning environments, curriculum, and supplies to the preK-12 education market. Financial terms were not disclosed. "This sale is truly a win-win. From the School Specialty perspective, we are eager to dedicate more resources and focus on our rapidly growing Learning Environments segment and the integration of recent acquisitions, which greatly enhance our supplies offering. Our ability to deliver on our mission to 'transform more than classrooms' has never been greater. For Excolere, EPS is a strong platform from which to build a diversified and high growth supplemental curriculum business. Excolere's experience investing in the Education Sector combined with the experienced executives they have recruited sets EPS up for a very bright future as a stand-alone business," Ryan Bohr, School Specialty President and CEO.