Houghton Mifflin Harcourt Company entered into a definitive agreement to acquire Northwest Evaluation Association in December 2022. Northwest's Chief Executive Officer Chris Minnich will join Houghton Mifflin's executive leadership team as president of a new NWEA division. The transaction is subjected to the regulatory approval.

The transaction is expected to close within 90 days. The proceeds of the acquisition will be used in the near term to fund the continuation of a not-for-profit focused on helping all children learn and achieve their full potential, with plans to eventually convert to a private foundation. Goldman Sachs & Co.

LLC acted as exclusive financial advisor to NWEA, and Hogan Lovells US LLP served as the Company's legal advisor. Davis Wright Tremaine LLP also acted as legal advisor to NWEA. Milbank LLP acted as HMH's legal advisor in connection with the transaction.