Bain Capital Acquires PowerSchool for $5.6 Billion

PowerSchool to Acquire Kickboard

November 10, 2021

Education

PowerSchool has signed a definitive agreement to acquire Kickboard, a provider of K-12 behavior management and social-emotional learning (SEL) software, to integrate Kickboard’s capabilities into PowerSchool’s Unified Classroom. The acquisition is intended to give educators a more comprehensive view of student behavior and wellbeing by combining behavior management, SIS, LMS, and analytics; Kickboard and PowerSchool will continue to operate separately until the transaction closes.

PowerSchool Acquires Hoonuit from Renovus Capital Partners

November 6, 2020

Education

PowerSchool has acquired Hoonuit, a leading K-12 education analytics and data management provider, from Renovus Capital Partners. The deal adds Hoonuit’s analytics and data-management capabilities—supporting more than 14.5 million students and multiple state deployments—to PowerSchool’s K-12 product portfolio to deliver unified analytics across SIS, LMS, enrollment, ERP and talent systems.

PowerSchool Acquires Allovue

January 22, 2024

Data & Analytics

PowerSchool (NYSE: PWSC) has acquired Allovue, a K-12 financial planning, budgeting, and analytics software provider, to expand PowerSchool’s financial management and data & analytics capabilities for K-12 customers. The acquisition integrates Allovue’s budgeting and analytics tools into PowerSchool’s product suite to provide schools and districts improved budget transparency and planning (reports indicate an approximate purchase price of $38.2 million).

Banyan Software Acquires School Pathways

February 4, 2020

Software

Atlanta-based Banyan Software has acquired School Pathways LLC, a California company that provides a cloud-based student information system for Independent Study and online K–12 schools. School Pathways' management and full team are remaining with the company as Banyan plans to grow the business within its enterprise software portfolio.

Craftsman Capital Acquires MSB School Services

February 3, 2023

Education

Dallas-based private equity firm Craftsman Capital has acquired MSB School Services, a provider of special education software and consulting for K-12 districts. Craftsman Capital said it will work with MSB to expand capabilities and accelerate growth while leveraging MSB's X-Logs platform and consulting services.

Bain Capital Takes Envestnet Private in $4.5B Transaction

July 11, 2024

Financial Services

Envestnet, Inc. entered into a definitive agreement to be acquired by affiliates of vehicles managed or advised by Bain Capital, valuing the company at $4.5 billion ($63.15 per share). The deal received stockholder approval and closed in November 2024, taking Envestnet private and removing its common stock from public listing.