Jefferson River Capital-Led Investor Group Acquires Follett Corporation and Follett Higher Education
February 2, 2022
Follett Corporation announced the sale of its corporate entity and Follett Higher Education (including the Follett ACCESS business) to a group of private investors led by Jefferson River Capital LLC, a private investment company controlled by the James family. The transaction transfers ownership from the Follett family and shareholders to the investor group, with Emmanuel Kolady named CEO of Follett Higher Education and Ryan Petersen appointed President of FHE; terms were not disclosed.
- Buyers
- Jefferson River Capital LLC, Private investor group (led by Jefferson River Capital LLC / James family)
- Targets
- Follett Corporation, Follett Higher Education (FHE) / Follett ACCESS
- Sellers
- Follett family, Follett Corporation shareholders
- Industry
- Retail
- Location
- Illinois, United States
- Transaction Type
- Buyout
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