ACT Capital Advisors is pleased to announce that its client, Bluejacketeer.com (“Bluejacketeer”), was acquired by Kaplan, Inc. (“Kaplan”) on November 22, 2021. Bluejacketeer is an education technology platform – a comprehensive learning system – that helps US Navy enlisted sailors prepare for their advancement exams.
Both of Bluejacketeer’s former owners, Allen Wood and Jonny Coreson, are pleased with both the buyer and the completed transaction. Wood and Coreson are both US Navy veterans and take great pride that Bluejacketeer “is made by Sailors for Sailors.”
Allen Wood, co-owner of Bluejacketeer, is both proud and happy that Kaplan acquired his company. “Selling Bluejacketeer signifies the end of an important chapter in my life,” said Wood. “In Kaplan, I feel that we were fortunate to find both the right partner and caretaker to take our company to the next level.”
Jonny Coreson, co-owner of Bluejacketeer, echoes Wood’s sentiments. “Selling Bluejacketeer to Kaplan feels like a validation of all of the hard work we both put into this company over the last several years,” said Coreson. “We feel that Kaplan’s acquisition of Bluejacketeer provided more than just economic value to us,” Coreson said. “We feel that Kaplan is also the premier test prep company in our industry and was the best potential suiter for our company.”
ACT Capital Advisors’ Bluejacketeer deal team included both Managing Directors Chris Sheppard and John Norton.
Chris Sheppard was extremely proud to have represented Bluejacketeer in this transaction. “Allen and Jonny were fantastic clients, easy to work with, and they knew what they wanted in a transaction.” Sheppard added, “This transaction is helping them achieve their dreams and goals on several fronts. And, as a Marine Corps veteran, it feels awesome and personally fulfilling to have helped two fellow military veterans knock it out of the park.”
Bluejacketeer provides users with online resources, personalized study plans, daily practice exams and quizzes, and more. Bluejacketeer was founded in 2013, and its parent company, Patriot Labs, LLC, was formed in 2016. The ed-tech delivery platform is a subscription-based software as a service (SaaS) model. It can be used either online and offline, whether its users are on base, at home, or at sea. For more information, visit https://bluejacketeer.com/.
Kaplan is a corporation that provides student support and educational services to colleges, universities, and businesses. Its services include test preparation, book publishing, higher education programs, professional training, and certifications. Founded in 1938, Kaplan is one of the world’s largest and most diverse education providers, and its headquarters are in Fort Lauderdale, Florida. For more information, visit https://kaplan.com/.
About ACT Capital Advisors
ACT Capital Advisors is a premier Mergers & Acquisitions (M&A) firm representing middle-market companies across all industries. ACT has a 30-year history of deal-making, closing 200+ transactions and unlocking over $2.5 billion in wealth for its clients. For more information, visit https://actcapitaladvisors.com/.