Moss Adams (via its affiliate Moss Adams Capital LLC) acted as the exclusive financial advisor to Professional Publications (PPI), doing business as PPI2PASS.COM, in its sale to Kaplan, the global education services company and largest subsidiary of Graham Holdings (NYSE: GHC).
PPI, an independent provider of digital and print professional licensing exam review products, has grown to become the largest provider of licensing exam products to engineers. The company is a recognized leader within the engineering, surveying, architecture, and interior design industries and serves over 26,000 active customers annually.
Its expansive library contains over 250 engineering, architecture, and design products. The company has helped train more than four million engineers since it was founded in 1975 by Michael Lindeburg.
The combination of PPI with Kaplan is expected to benefit from Kaplan’s existing global footprint, its online delivery capabilities and its extensive business, university, and consumer relationships. Under Kaplan’s management, PPI’s senior management team will continue to lead its operations and its employees will remain based in Belmont, CA.
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For more information regarding this deal, please contact:
James Rothenberger, Director | (206) 302-6777
Sam Ghafir, Associate | (206) 302-6610
Daniel Seubert, Associate | (206) 302-6775