Company Overview
Whiteboard Higher Education is a privately held company based in Wayne, Pennsylvania. The company was founded in 2013 and provides marketing, digital marketing and data analytics services to higher education institutions nationwide. Whiteboard has since grown into a leading student enrollment advisory firm that helps colleges and universities with recruitment initiatives and financial aid strategies. Whiteboard has grown significantly in its relatively short lifetime due to its high customer retention rate and ability to consistently add new higher education clients each year.
Situation
After founding Whiteboard and managing its strategy and growth as President, Pat O’Brien was interested in transitioning to a new ownership group with greater resources, which would enable the company to capitalize on its next stage of growth. At the same time, Pat was deeply committed to finding the best platform for Whiteboard’s employees to continue their professional development and maximize their career opportunities.
Solution
Whiteboard engaged Griffin Financial Group, LLC as its exclusive investment banker to assist in the sale of the Company. Griffin launched a competitive sale process by identifying and contacting a select list of strategic and financial acquirers that would best meet the shareholders’ goals. This process generated multiple offers, and ultimately resulted in the sale of the company to Huron (NASDAQ: HURN), a global consultancy that collaborates with clients to drive strategic growth, ignite innovation and navigate constant change. The entire Whiteboard team will join Huron’s education industry team.
For more information on this transaction, contact John A. Lee, Senior Managing Director, at 610.205.6106. For more information on Griffin’s services in general, contact any one of our investment banking professionals.
