On the Record · Graham Holdings
Graham Holdings acquisitions, on the record
The businesses Graham Holdings bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
PinnaWord for word“Other businesses also included Pinna, which was sold in June 2023 when the Company entered into a merger agreement with Realm of Possibility, Inc. (Realm), a provider of audio entertainment services, to merge Pinna with Realm in return for a noncontrolling financial interest in the merged entity.” 10-K for 2023 | agreed divestiture | June 2023 | — |
CyberVistaWord for word“Other businesses also included CyberVista, which was sold in October 2022 when the Company announced a strategic merger of CyberVista and CyberWire, a B2B cybersecurity audio network to form a new parent company, N2K Networks.” 10-K for 2023 | divestiture | October 2022 | — |
Ourisman Toyota of RichmondWord for word“Ourisman Toyota of Richmond, which was acquired on September 27, 2023 from McGeorge Toyota.” 10-K for 2023 | acquisition | September 27, 2023 | — |
CSI minority-owned sharesWord for word“In December 2023, the Company acquired some of the minority-owned shares of CSI for a total amount of $20.0 million.” 10-K for 2023 | acquisition | December 2023 | $20.0 million |
Toyota of Woodbridge and CDJR of Woodbridge dealershipsWord for word“Ourisman Lexus of Rockville, Ourisman Honda of Tysons Corner, Ourisman Jeep Bethesda, Ourisman Ford of Manassas, and Toyota of Woodbridge and Ourisman Chrysler-Dodge-Jeep-Ram (CDJR) of Woodbridge, which were acquired on July 5, 2022 from the Lustine Automotive Group, and Ourisman Toyota of Richmond, which was acquired on September 27, 2023 from McGeorge Toyota.” 10-K for 2023 | acquisition | July 5, 2022 | — |
Five businesses acquired during 2023 (one automotive, three healthcare, one other)Word for word“During 2023, the Company acquired five businesses: one in automotive, three small businesses in healthcare and one in other businesses for $83.3 million in cash and contingent consideration and the assumption of floor plan payables.” 10-K for 2023 | acquisition | During 2023 | $83.3 million in cash and contingent consideration and the assumption of floor plan payables |
Seven businesses acquired during 2022 (five healthcare, two automotive)Word for word“During 2022, the Company acquired seven businesses: five in healthcare and two in automotive, for $143.2 million in cash and contingent consideration and the assumption of floor plan payables.” 10-K for 2023 | acquisition | During 2022 | $143.2 million in cash and contingent consideration and the assumption of floor plan payables |
Leaf Group Ltd. (Leaf)Word for word“On June 14, 2021, the Company acquired Leaf Group Ltd. (Leaf), a consumer internet company, headquartered in Santa Monica, CA, that builds enduring, creator-driven brands that reach passionate audiences in large and growing lifestyle categories, including fitness and wellness (Well+Good and Livestrong.com), and home, art and design (Saatchi Art, Society6 and Hunker).” 10-K for 2023 | acquisition | June 14, 2021 | — |
AzurlinguaWord for word“In 2024, KLG also acquired Azurlingua, a language school in Nice, France, offering French-language programs for adults and juniors.” 10-K for 2024 | acquisition | In 2024 | — |
HooverWord for word“Hoover, founded in 1955 and acquired by the Company in 2017, is headquartered in Augusta, GA.” 10-K for 2024 | acquisition | — | — |
Toyota of RichmondWord for word“Ourisman Toyota of Richmond, which was acquired on September 27, 2023.” 10-K for 2024 | acquisition | acquired on September 27, 2023 | — |
Pinna with Realm of Possibility, Inc.Word for word“Other businesses also included Pinna, which was sold in June 2023 when the Company entered into a merger agreement with Realm of Possibility, Inc. (Realm), a provider of audio entertainment services, to merge Pinna with Realm in return for a noncontrolling financial interest in the merged entity.” 10-K for 2024 | merger | June 2023 | — |
Toyota of Richmond dealershipWord for word“In addition to a cash payment and the assumption of $2.2 million in floor plan payables, the automotive subsidiary borrowed $37.0 million to finance the acquisition.” 10-K for 2024 | acquisition | — | $37.0 million |
two small businessesWord for word“During 2024, the Company acquired two small businesses.” 10-K for 2024 | acquisition | During 2024 | — |
Ohana InstituteWord for word“On June 27, 2025, KNA acquired Ohana Institute, an accredited, innovative K-12 private school located in Inlet Beach, Florida.” 10-K for 2025 | acquisition | June 27, 2025 | — |
Arconic Architectural Products, LLCWord for word“On July 15, 2025, Hoover acquired Arconic Architectural Products, LLC (operating as Hoover Architectural Solutions) which manufactures aluminum cladding products and operates within the broader non-residential materials space from its facility in Eastman, GA.” 10-K for 2025 | acquisition | July 15, 2025 | — |
Honda automotive dealership in Woodbridge, VAWord for word“In addition, on October 21, 2025, the Company acquired a Honda automotive dealership in Woodbridge, VA, including the real property for the dealership operations.” 10-K for 2025 | acquisition | October 21, 2025 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $245.1 million | $184.1 million |
| 2017-12-31 | $299.9 million | $143.1 million |
| 2018-12-31 | $111.5 million | $41.8 million |
| 2019-12-31 | $179.4 million | $84.5 million |
| 2020-12-31 | $20.1 million | $74 million |
| 2021-12-31 | $351.9 million | $205 million |
| 2022-12-31 | $130.1 million | $56.2 million |
| 2023-12-31 | $78.1 million | $46 million |
| 2024-12-31 | $4.1 million | $4.3 million |
| 2025-12-31 | $71.2 million | $51.9 million |
Deal filings since 2016
- 2025-11-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-05-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-03-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-04-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Graham Holdings’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.