Blueprint Acquired by New Harbor Capital
Founded in 2005, Blueprint is the premier LSAT test preparation provider in the US, offering in-person and online courses, private tutoring, self-study books, and application consulting services. Based in Los Angeles, Blueprint offers live classroom instruction in addition to its robust scalable online course offering.
The team at Navagant represented Blueprint in its sale to New Harbor Capital, a private equity firm with a focus on the Education & Training industry.
Matt Riley, CEO, Blueprint
“The process of taking your company to market can be extremely intimidating, but the Navagant team were incredible partners throughout the whole process. We always felt like they had our best interests in mind – they weren’t just trying to make a deal. With detailed knowledge of our industry and the structure of similar deals, they helped us locate the perfect private equity sponsor. We would never have closed this deal without their guidance.”
Jacob Voorhees, Managing Director, Navagant
“I enjoyed working with Matt on this transaction. We were able to create a seamless experience with his help. The two businesses’ synergies will build a thorough ecosystem for continuing education in the real estate sector. We are sincerely grateful to Matt and the Blueprint team for choosing us to serve as their financial advisors.”
Benefits & Long-Term Value Creation
Blueprint makes the dream of becoming a lawyer a reality to individuals that may not have been able to get into law school. Because of Blueprint’s convenience, flexibility, and individualized learning opportunities as well as their partnership with LSAC to provide free test preparation services, a new generation of student is able to become upwardly mobile into a career path that may have been out of reach. The closing of the deal, is also happening concurrently with the acquisition of Next Step Test Prep, a provider of MCAT test preparation, allowing Blueprint to make medical school drams a reality as well.
Blueprint is a learning platform disrupting the professional training and education industry with one simple idea: students learn more when they are having fun. Our team of innovators creates the most engaging video lectures, personalized study planning tools, and adaptive learning technology.
New Harbor Capital is a Chicago-based private equity firm focused on investing in lower middle market, growth-oriented healthcare, education, and business services companies. Our Partners have over 90 years of combined experience, partnering with strong management teams to systematically enable accelerated growth in value creation. Since 2000, the New Harbor Partners have completed over 230 investments. As an experienced strategic partner, New Harbor supports management with ideas, connections, and resources to capitalize on growth potential. For additional information, please visit www.newharborcap.com.
Navagant LLC is a middle-market investment bank focused exclusively on the Education & Training industry. We serve entrepreneurs, family businesses, large corporations, and financial sponsors seeking to optimize their transaction outcomes. Our sell-side advisory services include mergers and acquisitions, majority and minority recapitalizations, management buyouts, and corporate carve-outs. With a conscious-capital mission and a team of experienced professionals, Navagant delivers tailored solutions to help organizations unlock value and achieve life-changing outcomes. For more information, please visit http://www.navagant.com.