Mergers & Acquisitions ·
Perdoceo Education Corporation entered into a definitive agreement on September 14, 2026, to acquire 100% of South…
PRDOPERDOCEO EDUCATION Corp
Perdoceo Education Corporation entered into a definitive agreement on September 14, 2026, to acquire 100% of South University Savannah, LLC from South University – Member, Inc. The transaction involves an initial cash payment of $150 million due at closing, subject to adjustments for working capital and debt-like items based on the April 2027 balance sheet. Perdoceo will also pay $18 million in deferred consideration over 24 months and up to $56 million in earn-out payments tied to EBITDA milestones for fiscal years 2027 through 2029. The acquisition is expected to close as early as April 2027, subject to regulatory approvals including Hart-Scott-Rodino clearance and educational agency consents. South University generated approximately $291 million in revenues and $34 million in adjusted operating income for the year ended December 31, 2025, serving roughly 10,500 students. Perdoceo intends to fund the purchase using available cash balances and reaffirmed its full-year adjusted operating income outlook of $258 million to $263 million for fiscal 2026. Perdoceo Education Corporation operates in the postsecondary education industry, providing degree programs through institutions such as Colorado Technical University and the American InterContinental University System.