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Vocational TrainingM&A Activity

Deal flow, active acquirers, and current market trend - based on 111real disclosed M&A transactions in the vocational training space. Run the calculator below to price your business at current multiples.

111 disclosed deals64 with EBITDAMarket: growing

State of Vocational TrainingM&A in 2026

The vocational training M&A market is tracked across 111 disclosed transactions in the ExitValue.ai database (64 with EBITDA disclosed, 108 with revenue). The current market trend is growing.

Active acquirers include Coursera, Inc., Sterling Partners, Veritas Capital Fund Management, L.L.C, Education To Go. Recent named transactions: Udemy, Inc. (2025); Keypath Education International, Inc. (2024); Houghton Mifflin Harcourt Company (2022).

Premium valuations in vocational training are driven by program accreditation; completion/placement rates; employer partnerships.

What compresses valuations: regulatory changes; enrollment cycles; online competition.

Source: SEC filings, EDGAR 8-K/S-4, and verified press releases. Run the calculator below to see the specific multiples that apply to your business.

Recent named M&A deals in vocational training

Most-recent disclosed transactions. Click any deal for full detail (multiples, financials, source).

Udemy, Inc.Coursera, Inc.
2025
Keypath Education International, Inc.Sterling Partners
2024
Houghton Mifflin Harcourt CompanyVeritas Capital Fund Management, L.L.C
2022
InfoSec Institute, Inc.Education To Go
2022
Concorde Career Colleges, Inc.Universal Technical Institute, Inc.
2022
Michigan Institute of Aeronautics, Inc.Universal Technical Institute, Inc.
2021

Sourced from SEC filings, EDGAR 8-K/S-4, and verified press releases.

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What drives a premium valuation

  • program accreditation
  • completion/placement rates
  • employer partnerships
  • geographic market
  • program diversity

What compresses valuation

  • regulatory changes
  • enrollment cycles
  • online competition
  • accreditation risk
  • student loan availability

Vocational Training valuation: common questions

How is a vocational training business valued?

Vocational Training businesses are valued by benchmarking against comparable completed M&A transactions, then adjusting for the specific business. Owner-operator practices are typically priced on an earnings or seller-discretionary-earnings basis, while businesses at platform scale shift toward institutional earnings-multiple methodology. The ExitValue.ai engine selects the methodology that the comparable deal set actually used and adjusts for margin quality, growth, owner dependency, customer concentration, and recurring-revenue mix.

What drives vocational training valuation?

The biggest value levers in vocational training are recurring or repeat revenue, owner independence (the business runs without the founder), customer diversification (no single client dominates), a credible growth trajectory, and operating-margin quality relative to the vertical. In this space specifically, buyers pay up for program accreditation; completion/placement rates; employer partnerships.

How many vocational training M&A deals are tracked?

ExitValue.ai tracks 111 disclosed vocational training M&A transactions, 64 with EBITDA disclosed, 108 with revenue disclosed, sourced from SEC filings, EDGAR 8-K/S-4 documents, and verified press releases and refreshed daily. Current market trend: growing.

Who buys vocational training businesses?

Vocational Training businesses are acquired by strategic acquirers (larger operators in the same space), and private-equity platforms and roll-up consolidators, and unknown. Recent named acquirers include Coursera, Inc., Sterling Partners, Veritas Capital Fund Management, L.L.C, Education To Go.

What is my vocational training business worth?

Run the ExitValue.ai vocational training calculator to see your business priced against the 111 disclosed vocational training transactions in the database. The engine applies adjustments for margin, growth, owner dependency, customer concentration, and recurring revenue mix to produce a tight range around the most-likely transaction value.