Lowis & Gellen Client Sells its Business

Lowis & Gellen represented the sellers (the "Sellers") in the sale of their educational services business located in Illinois to the nation's leading provider of on-demand digital media solutions for schools. This all cash transaction involved the sale of the Seller's stock in the business. Additional details of the sale are included in the buyer's press release, viewable by clicking here.

A leader in K-12 educational media publishing for more than 85 years, the Sellers' business has won numerous awards for its products, which include videos, DVDs, CD-ROMs, and its media-on-demand internet-based system. With standards-based programs in all core disciplines - language arts, social studies, math, science, guidance, health, art, and music - the business provides content in a full range of formats tailored for use in today's classroom.

The Lowis & Gellen team consisted of Gerald Haberkorn, Robert Leavitt, and Mehreen Sherwani, who exclusively handled for the Sellers all legal aspects of the transaction including the structuring, drafting and negotiating of the sale, escrow, consulting and non-competition documentation.

For more information, please contact:
Gerald Haberkorn, (312) 456-2701
Geraldh@lowis-gellen.com