- American Public Training Inc., the for-profit firm that operates the American Public College System and its American Army College, has closed on an acquisition of Graduate Faculty USA, which trains federal authorities staff.
- The acquired supplier will probably be a standalone unit of APEI, which is able to proceed working it underneath the Graduate Faculty USA title. The transaction, which was efficient Jan. 1, was first introduced in August as a $1 million asset sale.
- APEI describes the deal as becoming right into a deal with providing coaching and diploma applications for “service-minded” college students corresponding to veterans, these within the army and people in healthcare. It additionally stated the acquisition would diversify the corporate’s companies.
Graduate Faculty USA is the second acquisition in about 4 months for APEI, a publicly traded firm based mostly in Charles City, West Virginia. In September, APEI accomplished a purchase order of Rasmussen College, a 16,900-student, 23-campus establishment that emphasizes nursing and well being sciences training at places in six states and on-line. That deal was first introduced in October 2020 for $329 million.
APEI’s American Army College and American Public College collectively enroll about 90,000 adults. The Rasmussen acquisition practically doubled APEI’s income to about $600 million.
The Rasmussen deal additionally broadened income streams for the corporate, giving it one-third army and veteran college students, one-third nursing college students and one-third on-line grownup college students. It added about 8,500 nursing college students on high of two,300 nursing college students that APEI already enrolled at its Hondros School of Nursing in Ohio and Indiana.
Graduate Faculty USA represents a a lot smaller-scale enlargement for APEI. Graduate Faculty USA’s annual income averaged greater than $20 million during the last three years. It has averaged about 15,000 open-enrollment college students per 12 months over the identical time.
The newly acquired supplier has a catalog of greater than 300 programs. It counts greater than 100 authorities company clients, together with the departments of Protection, Homeland Safety, Justice, and Well being and Human Companies.
The corporate has solid the acquisition as an essential enlargement into profession and workforce coaching.
“Educating service-minded college students is the widespread thread that knits collectively our shared mission, and we’re excited to welcome GSUSA’s robust federal coaching capabilities to the APEI household,” APEI’s CEO, Angela Selden, stated in an announcement.
When the deal was first introduced, Selden stated it offered alternatives to create new stackable credentials and provides Graduate Faculty USA college students the power to earn levels at APEI establishments.