On the Record · Strategic Education
Strategic Education acquisitions, on the record
The businesses Strategic Education 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 |
|---|---|---|---|
Capella Education CompanyWord for word“In connection with the merger with Capella Education Company on August 1, 2018, the Capella Education Company 2014 Equity Incentive Plan (the “2014 Capella Plan”) and the Capella Education Company 2005 Stock Incentive Plan (collectively, the “Capella Plans”) were assumed by the Company.” 10-K for 2023 | merger | August 1, 2018 | — |
Torrens University and associated assets in Australia and New ZealandWord for word“With the acquisition of the ANZ portfolio, the Company now operates institutions in three different countries, each of which is subject to complex business, economic, legal, political, tax and foreign currency risks.” 10-K for 2023 | acquisition | — | — |
Torrens University and associated assets in Australia and New Zealand (ANZ)Word for word“Amortization of intangible assets consists of amortization and depreciation expense related to intangible assets and software assets acquired through the Company’s acquisition of Torrens University and associated assets in Australia and New Zealand (“ANZ”).” 10-K for 2025 | acquisition | — | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $7.6 million | $14.2 million |
| 2017-12-31 | $0 | — |
| 2018-12-31 | −$167.9 million | $723.9 million |
| 2019-12-31 | $0 | $0 |
| 2020-12-31 | $628.8 million | $546.1 million |
| 2021-12-31 | $0 | $0 |
| 2022-12-31 | $800,000 | $947,000 |
| 2023-12-31 | $530,000 | $0 |
| 2024-12-31 | $177,000 | $0 |
| 2025-12-31 | $36,000 | $0 |
Deal filings since 2016
- 2020-11-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-11-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2020-08-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-07-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-08-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-08-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-10-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Strategic Education’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 2026-02-27. 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.