Schulte is advising Veritas Capital and Cambium Learning Group Inc. in the acquisition of AIR Assessment, the student assessment division of the American Institutes for Research (“AIR”). Nationally recognized for its innovative design, AIR Assessment uses technology to measure student progress and provide educators and families with timely, relevant information about teaching and learning. The newly combined entity will bring together advanced K-12 assessment services with research-based, individualized instruction. The deal was announced on Aug. 22, 2019.
The Schulte team advising Veritas Capital and Cambium Learning Group is led by M&A and securities partner Richard Presutti and associate Sarah Sullivan. The team also includes finance partner Ronald Risdon, employment & employee benefits partner Ian Levin, tax partner David Passey and intellectual property, sourcing & technology partner Edward Sadtler and special counsel John Garces.