Coworking and tech education firm Galvanize acquired in $165M deal

Galvanize, the technology education program and coworking space, has signed a deal to be acquired for $165 million. Virginia-based K12 Inc. (NYSE: LRN), a for-profit education company, acquired Galvanize and its eight U.S. campuses in an all-cash transaction.

The Phoenix Galvanize opened in the Warehouse District of downtown in February 2017. At the time, it was the third-largest Galvanize campus in the country. Over 300 companies have called Galvanize home in the region to use the coworking space, including Google, SurchX and Coplex.

K12 said the acquisition of Galvanize positions it as a leading provider of career readiness education services, skills training, tech staffing and developing talent for Fortune 500 companies. The acquisition includes Galvanize’s management team, brand recognition, alumni network, campuses and curriculums.

“Learning is a lifelong journey. This acquisition expands our vision for career education to go beyond high school by developing talent and capabilities for learners of all ages and backgrounds,” Nate Davis, CEO and chairman of K12’s Board of Directors, said in a statement. “Whether someone is discovering career options, trying to switch fields, honing their job skills, or learning new skills in pursuit of a new opportunity, we want to help ensure all learners have an equal shot at a rewarding career.”

Galvanize is known for its immersive bootcamps, particularly the Galvanize Data Science Immersive bootcamp and the Hack Reactor Software Engineering Immersive. The organization has an alumni base of more than 8,000 professionals and, besides Phoenix, has campuses in Boulder, Denver, Los Angeles, New York City, San Francisco, Seattle and Austin, Texas, according to its website.