Six Red Marbles Acquires Brown Publishing Network
On January 3, 2011, Six Red Marbles, a portfolio company of Calvert Street Capital Partners ("Calvert Street"), completed the acquisition of Brown Publishing Network. Six Red Marbles is an award winning provider of educational solutions for the K-12 market. Brown’s reputation for developing reading and language arts content is highly complementary to Six Red Marbles’ respected technology capabilities. The acquisition positions the combined company as a dominant provider of comprehensive digital and print publishing services for the $1 billion K-12 outsourced development market.
Jacques Driscoll, CEO of Six Red Marbles, said: “We’ve long admired Brown and their sterling reputation for producing creative, effective instructional materials for leading publishers. We are excited to join them in developing next-generation learning programs to help students achieve their potential and teachers address today’s tough classroom challenges.”
Mike Booth, a Partner with Calvert Street Capital, commented: “The acquisition is an excellent example of Calvert Street’s approach to build a more valuable company by carefully identifying strategic acquisitions. We are excited to continue partnering with Jacques Driscoll and his management team to build this unique and innovative company.”