Milton Hershey School | November 14, 2022
Catherine Hershey Schools for Early Learning (CHS) announced yesterday at an event at Eden Resort & Suites in Lancaster, Pennsylvania, that it will open three Early Childhood Education Centers (ECECs) in Lancaster County to serve children from birth to age 5 from economically disadvantaged and at-risk backgrounds. The cost-free Centers will be located in Lancaster City, New Danville, and Elizabethtown. At yesterday's event, Lancaster County community leaders and child advocates heard from CHS and Milton Hershey School (MHS) leadership about their approach to providing accessible early childhood education. CHS intends to support and work collaboratively with existing Lancaster County organizations to serve local children and families. City of Lancaster Mayor Danene Sorace also spoke, explaining how the addition of the CHS Centers will positively impact the broader Lancaster County community. The three CHS Centers in Lancaster County are part of a $350 million initiative to initially develop six ECECs in the state as subsidiaries of MHS. Each will offer a non-residential, year-round core early learning program with a curriculum designed to enhance children's educational, social, and emotional development. It also will provide children with nutritious meals, transportation, and other needed supplies, along with integrated support services to families of enrolled children. All of this will be provided with all costs covered to qualifying families. Yesterday's announcement was suitably made during Founders Week at MHS, which celebrates the anniversary of Milton and Catherine Hershey establishing the school 113 years ago. The Hersheys' legacy is deeply rooted in Lancaster County, making this expansion especially meaningful. Milton Hershey spent his childhood in Bart Township and, as an adult, opened the Lancaster Caramel Company. Lancaster County is also where Milton and Catherine Hershey spent the early years of their marriage and invested in the Lancaster community through their support of St. Joseph's Hospital, Franklin & Marshall College, and Catherine's service as an inaugural member of the Lancaster Charity Society.
The Lancaster County CHS Centers are expected to begin opening in 2026.
ABOUT CATHERINE HERSHEY SCHOOLS FOR EARLY LEARNING
Catherine Hershey Schools for Early Learning will provide a cost-free educational, social, and cognitive program to children from birth to age 5 from economically disadvantaged and at-risk backgrounds through the development of initially six Early Childhood Education Centers. The Centers are subsidiaries of Milton Hershey School and will be staffed and operated independently of the Milton Hershey School core model. For more information, visit chslearn.org.
ABOUT MILTON HERSHEY SCHOOL
Milton Hershey School is one of the world's best private schools, where qualifying students in pre-kindergarten through 12th grade live on campus and receive an exceptional educational experience—with all costs covered.
Connected Nation | September 27, 2022
Connected Nation (CN) today announced the launch of a Digital Literacy and Learning program in collaboration with AT&T. The program, which is part of AT&T's national digital literacy initiative to help narrow the Digital Divide, will offer in-person and virtual digital literacy training workshops in underserved areas across the country where training is needed most for the digital empowerment of residents. CN will partner with local community organizations in each area to host training workshops from September 2022 through March 2023. In addition, CN will lead virtual and in-person workshops for military families at its Digital Works office in Fort Campbell, Kentucky"Digital literacy has long been part of Connected Nation's mission ensuring that every person is able to use technology meaningfully is absolutely essential in today's digital economy, said Heather Gate, Executive Vice President of Digital Inclusion. This program provides us the opportunity to meet people where they are in their digital skills level, confidence with embracing technology, and interest in enhancing their skills as new technology adopters. There is no better way to do this than by collaborating with trusted partners to bring much-needed training to local communities across the country. We are excited to get started. To launch this program, CN staff is reaching out to communities that previously participated in the nonprofit's technology planning process and identified digital literacy as a need. "Offering a tangible skill like digital literacy training to communities that Connected Nation works with allows us to model closing the Digital Divide in a real way," said Pamela Waggoner, Broadband Solutions Manager.
The amount of federal and state funding earmarked for broadband initiatives continues to grow. More communities than ever have access to these funds, and can use them to bring programs like this one to their residents.
"In recent months, there has been a considerable emphasis and focus on the large investments being made by federal and state governments to support the buildout of very high-speed networks across our communities.We also need to prepare these communities with the tools and training necessary to take advantage of these capabilities to help improve their lives. This initiative will be a significant factor in addressing that need."
Dan Manning, CN Broadband Solutions Manager
About Connected Nation
Connected Nation celebrated 20 years of service in 2021. The national nonprofit's mission is to improve lives by providing innovative solutions that expand access to and increase the adoption and use of broadband (high-speed internet) and its related technologies for all people. Everyone belongs in a Connected Nation.
Frontline Education | October 06, 2022
Thoma Bravo, a leading software investment firm, today announced the completion of its sale of Frontline Education, a leading provider of administration software purpose-built for educators in K-12, to Roper Technologies, Inc. (NYSE: ROP) in an all-cash transaction that values Frontline at approximately $3.725 billion. Frontline, which offers solutions for human capital management, student and special programs, and business operations with powerful analytics to increase productivity and improve overall performance for K-12 administrators, has been a trusted partner to K-12 leaders across all 50 states for decades.
"We are grateful to Thoma Bravo for their invaluable partnership over the last five years which has allowed us to further expand the use of our critical solutions by educators across the country,As part of Roper, we are excited to bring enhanced innovation and value to our clients in alignment with our mission to empower K-12 schools with the technology capabilities they need to succeed."
Mark Gruzin, Chief Executive Officer of Frontline Education
We are extremely proud of our partnership with Frontline and what we have been able to achieve together," said Holden Spaht, a Managing Partner at Thoma Bravo. Applying our deep sector expertise, we worked with Mark and the Frontline team to make strategic acquisitions, increase revenue and expand product offerings and headcount in order to drive sustainable long-term growth. We look forward to following Frontline's continued success with Roper as their partner. J.P. Morgan Securities LLC, Jefferies LLC and Macquarie Capital served as financial advisors and Kirkland & Ellis LLP served as legal advisor to Thoma Bravo and Frontline Education. Cooley LLP also served as legal advisor to Frontline Education.
About Thoma Bravo
Thoma Bravo is one of the largest private equity firms in the world, with more than $122 billion in assets under management as of June 30, 2022. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging the firm's deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Over the past 20 years, the firm has acquired or invested in more than 400 companies representing over $220 billion in enterprise value. The firm has offices in Chicago, Miami and San Francisco.