RLJ portfolio company Naylor acquires Boxwood Technology
Naylor, a portfolio company of RLJ Equity Partners, has acquired Boxwood Technology, a provider of online career centres and career-related services to more than 1,000 major associations throughout the US.
Founded in 1998 by current chairman and CEO John Bell, Boxwood's technology platform includes career centres, career development, online learning, online and in-person career fairs, mentoring, resume writing, and a newly introduced executive recruitment concierge.
To date, Boxwood has helped associations generate over USD400 million in non-dues revenue and is the only career centre solutions provider to earn an endorsement by the American Society of Association Executives (ASAE), consecutively since 2002.
"RLJ Equity Partners is delighted to support Naylor's acquisition of Boxwood Technology," says Jerry L Johnson, managing director of RLJ Equity Partners. "The acquisition of Boxwood further diversifies Naylor's digital footprint and its product offering to the North American association marketplace."
"We are thrilled to add John Bell and the Boxwood team and products to the Naylor family," says Alex DeBarr, Naylor president and CEO. "We firmly believe every association should play a role in the career opportunities and development of its members, and no one does that better than Boxwood. Their products and services are an excellent fit to our full suite of digital, print and event media services and our focus on generating non-dues revenue."
"We are excited to join Naylor and look forward to finding more ways in which we can serve the unique needs of associations," says John Bell, chairman and CEO of Boxwood. "There are many ways in which we can collaborate with Naylor to develop creative and unique solutions for associations of all kinds. We are anxious to get started."
Current plans call for Boxwood to continue operating from its Hunt Valley, MD and Herndon, VA offices. Naylor will continue to offer its full suite of digital, print, event and marketing services from its Gainesville, FL; Atlanta, GA; Fairfax, VA; Darien, CT; and Winnipeg, Canada locations.
Naylor was acquired by Bethesda, MD-based private equity firm RLJ Equity Partners in December. Founded by Robert L. Johnson, RLJ Equity Partners is an RLJ portfolio company of The RLJ Companies.
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