American Public Education Inc (APEI) is acquiring Graduate School USA (GSUSA), which provides training to the US federal government and has an extensive portfolio of government agency contracts and customers.
APEI is acquiring GSUSA for $1 million and GSUSA will be a stand-alone subsidiary of APEI. Over the past three fiscal years, GSUSA has generated over $20 million in average annual revenue. The transaction is anticipated to close during the fourth quarter of this year.
Graduate School USA was established in 1921 as part of the US Department of Agriculture. It provides training to the federal workforce through a catalogue of more than 300 courses specialising in foundational and continuing professional development, as well as leadership training to advance the performance of government agencies’ employees. GSUSA is accredited by the Accrediting Council for Continuing Education & Training and delivers its training both in-person and through virtual learning.
GSUSA caters to the federal workforce through customised contract training (B2G) to federal agencies and through open enrolment (B2C) to government professionals.Its more than 100 government agency customers include the Department of Defense and many of its branches, the Departments of Homeland Security, Health and Human Services, Interior, Justice, and State Department.
GSUSA has taught an average of approximately 15,000 open enrolment students in each of the past three years in practice areas like federal human resources management, leadership, federal financial management, communication and professional skills, and acquisition and contracting through its short-form training courses. In addition, GSUSA provides specialised leadership training and practice management through its centres and training institutes – the Center for Leadership and Management, the Federal HR Center of Excellence, and The Government Audit Training Institute.
APEI’s chief executive Angela Selden said: “The acquisition of GSUSA further advances APEI’s focus of offering career training and degrees that provide pathways to employment and advancement, creating opportunities for individuals to succeed and achieve their goals. GSUSA’s curriculum and student populations represent tight adjacency with the markets that APEI currently serves.
“Graduate School USA is a non-Title IV business that will help diversify APEI with a strong foothold in the workforce training marketplace. We believe that there are meaningful opportunities to create new stackable credentials by utilizing GSUSA’s course content and to pursue potential credit for courses for GSUSA students to earn an initial or additional degree at our institutions. Additionally, we see opportunity to further serve the federal workforce marketplace beyond the core Washington, DC market and by extending into other workforce training segments.”
Prior to Covid-19, GSUSA delivered its training predominantly in-person at agency locations and through its training facility in Washington, D.C. With the onset of the pandemic, the company accelerated its shift to online learning and has been delivering courses in a virtual modality as well.
Tyton Partners was advisor to Graduate School USA for the transaction.
APEI is based in Charles Town, Virginia
Date published: 25 August 2021