Deal Announcement

DCS Advisory acts as exclusive financial advisor to Ashworth College on its acquisition by Penn Foster

25 Feb 2019

DCS Advisory, a leading investment banking firm, acted as exclusive financial advisor to Ashworth College, an accredited online institution offering degree, certificate and diploma programs in fast-growing fields, on its acquisition by Penn Foster, a talent development platform backed by Bain Capital Double Impact.

Ashworth College, which was backed by Sterling Partners, enrolls learners through its high school, career, and degree programs with a focus on high growth middle-skilled career fields.

Penn Foster partners with leading employers to attract, develop, and retain talent for middle-skill jobs. Bain Capital Double Impact is the impact investing strategy of Bain Capital.

*DCS Advisory is a legacy firm of DC Advisory US. Find out more >

Deal Team

Justin Balciunas

Managing Director
United States

Michael Kremen

Managing Director
United States


“I am deeply appreciative of the support we received from Justin, Michael and the entire DCS Advisory team – they were true partners in every sense of the word. We were continually impressed by their patience, thoughtfulness, advocacy, dogged determination to get the deal done, and skillful negotiation in delicate discussions. We’d enthusiastically work with them again and highly recommend their team to others as well.”

Rob Klapper, CEO of Ashworth College