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Announced

Completed

Ascent completed the acquisition of Ampersand.

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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professional development platform

Digital Services

United States

digital services

Acquisition

Domestic

Majority

Private

Friendly

Single Bidder

Completed

Synopsis

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Ascent, a private loan organization, completed the acquisition of Ampersand, a workforce development training platform. Financial terms were not disclosed. "This move strengthens our ability to maximize outcomes by eliminating the education-to-employment skills gap, and further positions Ascent as a leader in student success focused on driving positive outcomes. Ampersand's custom tools and learning modules will continue to optimize the journey for our customers from classroom to career as they build confidence, secure jobs with livable salaries, and become successful members of the workforce," Ken Ruggiero, Ascent Co-Founder and CEO.

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