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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.
To successfully navigate a higher education landscape in which the level of scrutiny is constantly rising, university presidents need to establish a consistent framework for determining when an official response is—and is not—required. 
Leigh Whitaker will return to the University of Pennsylvania on Oct. 1 as VP for government and community affairs.
Temple University has named Brian Keech VP-government & community relations after a national search.
Maine’s Bowdoin College has named NYU Abu Dhabi's Martin Mbugua senior VP-communications and PA. He takes the spot on August 1.
