"We are excited about our partnership with the existing management team and look forward to providing them the tools necessary to efficiently and aggressively grow this business." – Alex Soltani, Chairman and CEO of Skyview Capital.
LOS ANGELES (PRWEB) March 16, 2018
Skyview Capital (“Skyview”), a global private investment firm, today announced that it has acquired SchoolKidz.com (“SchoolKidz or the Company”) from Staples, Inc. Terms of the transaction were not disclosed.
SchoolKidz.com provides kitting solutions for elementary and middle-school students through various parent (PTA/PTO), school and charitable organizations. The SchoolKidz Teacher Tailored offering provides school supply kits to over 3,000 schools nationwide.
SchoolKidz also operates KitsforKids.org, a program serving non-profit organizations. Organizations select KitsforKidz to provide essential goods for both educational and humanitarian purposes. During some of the recent natural disasters, SchoolKidz provisioned thousands of kits to those in need.
Following Staples’ acquisition of SchoolKidz.com ten years ago, the Company emerged as a leading provider of school supply kits as well as an innovator in providing kits to non-profit organizations. With financial and operational support from Skvyiew, Schoolkidz.com will continue to build on its position as a market leader.
“We are very pleased to announce the closing of SchoolKidz.com, a technology-enabled market leader in kitting solutions for educational and charity-based organizations nationwide”, said Alex Soltani, Chairman and CEO of Skyview Capital. “Skyview’s deep operational expertise will help modernize and accelerate growth of this new investment. Financial support from Skyview will enable the Company to expand its existing product portfolio as well as gain even greater market share through consolidation of a fragmented industry. We are excited about our partnership with the existing management team and look forward to providing them with the tools necessary to efficiently and aggressively grow this business.”
Rick Bigelow, Senior Vice President at Skyview and Executive Chairman of Schoolkidz.com, said “I am excited about the acquisition of SchoolKidz and look forward to continuing to serve our thousands of PTA/PTO and Charity organizations. We are committed to working with the SchoolKidz team to enhance the Company’s existing capabilities, bolster its leading market position via follow-on acquisitions, and, ultimately, deliver the best in class products to our customers.”
“I am excited to work with Skyview Capital going forward as the President of SchoolKidz, supporting parent and non-profit organizations as we have for nearly two decades,” Jim Mulder, former Executive Director under Staples and current President of Schoolkidz. “Our goal as an organization is to continue to provide the highest quality product and level of service that our customers have become accustomed to, with no disruption to their programs.”
About Skyview Capital, LLC
Skyview Capital is a global private investment firm headquartered in Los Angeles, California, which specializes in the acquisition and management of mission critical enterprises in the areas of technology, telecommunications, business services, and manufacturing. By leveraging its operational resources and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. To date, Skyview has successfully completed over 25 transactions whereby it has acted as a partner to corporations and other stakeholders experiencing a strategic transition or liquidity event. Visit http://www.skyviewcapital.com.