Strayer Education, Inc. and Capella Education Company Appoint Management Team for Combined Entity
October 30, 2017 at 06:09 am EDT
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Strayer Education, Inc. and Capella Education Company announced that they have agreed to combine in an all-stock merger of equals transaction, creating a national leader in education innovation. Upon closing of the transaction, Robert S. Silberman will be Executive Chairman, Kevin Gilligan will be Vice Chairman, and Karl McDonnell will be Chief Executive Officer of the combined entity. Also upon closing, Strayer Education, Inc. will be renamed Strategic Education, Inc. Its ticker symbol will remain STRA. Strayers Board will be increased to 12 directors total with three to be nominated by Capella.
Strategic Education, Inc. is an education services company. It provides access to education through campus-based and online post-secondary education offerings, as well as through programs to develop job-ready skills. It operates through its subsidiaries Capella University and Strayer University, both accredited post-secondary institutions of higher education located in the United States, and Torrens University, an accredited post-secondary institution of higher education located in Australia. Its segments include U.S. Higher Education (USHE), Australia/New Zealand, and Education Technology Services. The USHE segment provides certificate and degree programs to working adults, primarily through Capella University and Strayer University. The Education Technology Services segment develops and maintains relationships with employers to build employee education benefits programs. The Australia/New Zealand segment includes Torrens University, Think Education, and Media Design School.
STRATEGIC EDUCATION, INC. 
