Mergers & Acquisitions ·
Phoenix Education Partners, Inc. agreed to acquire Fuel50 Inc., an AI-powered workforce transformation platform, for…
PXEDPhoenix Education Partners, Inc.
Phoenix Education Partners, Inc. agreed to acquire Fuel50 Inc., an AI-powered workforce transformation platform, for approximately $31.5 million in cash, subject to customary adjustments. Former securityholders may receive earnout payments of up to $8.5 million through calendar year 2027 based on performance milestones. The transaction is expected to close within 30 days and will be funded with cash on hand. Phoenix Education Partners operates as the parent company of The University of Phoenix, providing online higher education for working adults.