January 13, 2022 – Blue River Financial Group has advised XanEdu, privately held provider of custom educational materials, on the recent acquisition of NextLesson. The addition to XanEdu’s portfolio complements the company’s strengths in creating and delivering customized content at any scale.

XanEdu works with over 1,800 colleges, universities and K-12 school districts across the country to make learning more relevant and more affordable. The company provides innovative solutions for creating, delivering, and managing custom course materials. XanEdu’s custom course materials include coursepacks, readers, textbooks, and lab manuals, complemented by an award-winning e-book.

NextLesson offers standards‑aligned K‑12 projects and lessons, providing students with opportunities to develop and apply critical thinking skills in real world situations. All lessons are developed by a hand-picked group of real teachers and are ready-to-use and easily adapted to any classroom environment. Since 2013, NextLesson has engaged over 2 million students and 60,000 teachers in school districts across the country.

“Working with XanEdu was a pleasure. Early in the process XanEdu identified a courseware and technology need that NextLesson filled. XanEdu’s professionalism and willingness to work with NextLesson throughout the process made the acquisition possible and ensured that all parties to the transaction were satisfied.” said Victor Danett, Director at Blue River.

“Blue River is pleased to support XanEdu in its ongoing mission to bring customized, affordable solutions to students and instructors in the K-12 and Higher Ed segments. The partnership with NextLesson aligns with XanEdu’s ongoing growth strategies, and we are honored for the opportunity to support their collective teams.” stated Sara Clevenger, Principal of Blue River.

“I’m thrilled to bring the capabilities and content of NextLesson into XanEdu’s K-12 suite of products and services. Their mission to make learning relevant and engaging is a great fit with XanEdu’s strengths in customized educational materials.” said Dave Schroeter, XanEdu’s VP of K-12 Sales.


Sara Clevenger


About Blue River

Blue River Financial Group is a middle market merger and acquisition advisory firm headquartered in Bloomfield Hills, Michigan. It assists corporations, private equity groups and individuals in the sale and acquisition of businesses, and has completed assignments in multiple business segments. With over 19 years of experience spanning across 50 global industries, Blue River provides a suite of services to middle market clients including corporate development, private equity support, valuations and transaction consulting, placing a premium on relationship-centered transaction counsel and client focus.

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