Aceable Expands into Insurance and Mortgage Education with
Strategic Acquisition of Real Estate Institute
AUSTIN,
Texas, Aug. 7, 2024 /PRNewswire-PRWeb/
-- Aceable, an innovative online learning company, is excited
to announce the acquisition of Real Estate Institute, a leading
Illinois-based provider of
professional licensing education. This strategic move expands
Aceable's footprint in real estate, adding to its brand
AceableAgent, which was recently named Fortune's 'Best Overall'
Real Estate School for 2024. This acquisition also paves the way
for Aceable's expansion into insurance and mortgage education.
Blake Garret, CEO of Aceable,
commented, "The addition of Real Estate Institute allows us to
enter Illinois, one of the
nation's largest real estate markets. It also marks the beginning
of our expansion into insurance and mortgage education, which have
been on our roadmap for years."
Founded in 1992, Real Estate Institute has delivered
high-quality professional education to over 195,000 alumni
nationwide. The company is the dominant provider of professional
licensing education for real estate, insurance, and mortgage
professionals in Illinois and is
favored by loyal alumni in every market it serves.
Larry Toban, President and CEO of
Real Estate Institute, stated, "Joining forces with Aceable marks
an exciting new chapter for Real Estate Institute. "This
partnership will enable us to leverage Aceable's technology and
resources to further enhance our offerings and help many more
professionals earn and maintain their licenses in the years ahead.
We also look forward to adding additional value for our clients,
who recruit and employ individual licensees."
Real Estate Institute's growth was supported by its majority
shareholder, Greybull Stewardship ("Greybull"), a private investment firm that
partners with small, established businesses to help them grow and
scale. Greybull positions
companies for sustainable growth and long-term value creation by
providing resources, strategic guidance, and operational expertise.
The firm first invested in Real Estate Institute and its sister
company, Bookmark Education, in 2013.
Mason Myers, Founder and CEO of
Greybull Stewardship, remarked, "Our 11-year partnership with Real
Estate Institute demonstrates our dedication to forging long-term
partnerships with companies and their management teams. This
collaboration with Real Estate Institute's leadership was
instrumental in positioning the company for lasting progress and
growth. We look forward to seeing these two companies work together
in the next phase of their mutual success."
About Greybull Stewardship:
Greybull Stewardship is a private investment firm supporting
established, small businesses on their way to scalable, and
sustainable success. With decades of operational experience and
financial acumen, their team of multi-disciplinary operators
provides a suite of tailored resources and strategic guidance
extending beyond just capital. Greybull proudly cultivates partnerships with
motivated entrepreneurs to realize their full potential and
confidently navigate the complexities of expansion. Founded in
2010, Greybull is headquartered in
Jackson, Wyoming, with team
members located throughout the U.S. to effectively support the
firm's investments. To learn more about Greybull, visit
http://www.greybullstewardship.com.
About Aceable:
Headquartered in Austin, Texas,
Aceable is a digital education provider that is disrupting the
landscape of compliance education and accreditation. Aceable's team
of experts and educators have created a smarter way to learn,
replacing tired formats with dynamic content that's easy-to-use
across all platforms and devices. With a modern learning approach
that is both relevant, accessible and engaging, Aceable makes
required education fun while increasing retention and keeping
students motivated. From its origins in driver's ed—where it is now
the global leader in interactive drivers education—to its meteoric
growth in real estate licensing, Aceable continues its mission to
empower tens of millions of people with the high-stakes education
they need to accomplish their life goals. For more information
about Aceable, visit http://www.aceable.com.
Media Contact
Bodie Lowe, Aceable, 2815081923,
aceable@meetkickstand.com, aceable.com
Prosek Partners on behalf of Greybull, 646-818-9100,
Pro-Greybull@Prosek.com
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SOURCE Aceable