 |
Sard Verbinnen & Co. is repping Strayer Education Inc. as it announced a “merger of equals” with Capella Education, another “for profit” college chain, via an exchange of stock that will give Strayer investors a 52 percent stake in the combine.
The new entity will operate under the Strayer corporate name, serve 80,000 students, and benefit from a cost-savings of $50M per-year phased in over the next 18 months.
Strayer CEO Karl McDonnell will helm the resulting corporation with Strayer University and Capella University as independent and separately accredited institutions.
Herndon-based Strayer earned $27.1M during the nine-month period ending Sept. 30 on revenues of $336M. Capella weighed in with $30.8M net and $329.4M revenues in the same period.
Sard Verbinnen’s David Reno, Andy Duberstein and Bryan Locke and Capella’s Mike Buttry handle media for the transaction that is expected to close a year from now.
Notre Dame hires Pedro Ribeiro, who most recently served as SVP for communications and PA at the Association of American Universities, as VP for PA and communications, effective Oct. 2.
Former Brooklyn Congressman Edolphus Towns represents 2U Inc. the online higher education company that has partnered with Morehouse College on the Morehouse Online offering.
Mica Stark, chief communications officer at the University of New Hampshire, has joined Brodeur Partners to bolster the Boston-based firm’s higher education offering.
Finn Partners has signed on to provide earned media and marketing support for the Consortium of Universities of the Washington Metropolitan Area on its 120 Initiative effort to address gun violence.
Brunswick Group has recruited Michael Schoenfeld, VP for public affairs, government relations & chief communications officer at Duke University.
Have a comment? Send it to 
No comments have been submitted for this story yet.