Focused Fitness was acquired by School Health Corporation
Transaction Description
School Health Corporation is a national, full-service provider of health & wellness supplies and services to schools and colleges. Their comprehensive offering includes health supplies, sports medicine equipment, early childhood products, physical education, athletic products, and special needs aids. For over ten years, Jackim Woods & Co has assisted School Health Corporation with its corporate development activities, including strategic acquisitions.
Focused Fitness is an EdTech company that provides schools and school districts with physical education curricula, data collection and reporting software, and training to support physical education teachers in delivering high-quality physical education.
Transaction Details
School Health Corporation
Hanover Park, IL
Accquired
Focused Fitness
Spokane, WA
Jackim Woods & Co has assisted School Health Corporation
Transaction Overview
Jackim Woods & Co worked with School Health Corporation to identify, structure and close the acquisition. In addition, JW&Co collaborated with School Health’s management team and legal and financial advisors to close the transaction in less than 60 days.
Challenges
Focused Fitness was the first EdTech company School Health Corporation purchased, so it was vitally important to understand the underlying technology and the synergies that could be realized by integrating that technology into School Health’s overall market strategy. It was also essential to understand the market overlap between the two companies’ customers.
Solutions
Jackim Woods & Co worked with School Health Corporation to identify and model the transaction’s synergies and build a detailed financial model that tested different scenarios. This allowed School Health Corporation to submit a very compelling offer that the owners of Focused Fitness accepted with minimal negotiation.
Summary
The transaction with Focused Fitness was a significant strategic acquisition for School Health Corporation. It will allow School Health to increase its involvement in the physical education sector and use Focused Fitness’s teaching, training, and tracking technology in other areas of School Health’s core business.
