Print page


At A Glance

Windjammer Capital Investors has been awarded "Middle Market Firm of the Year: North America" in two consecutive years, 2011 and 2012, by DealMakers Monthly magazine.

Back to News

Nov, 2017 - Windjammer Portfolio Company Flinn Scientific Completes Acquisition of WhiteBox Learning

Windjammer Capital Investors ("Windjammer") is pleased to announce that its portfolio company Flinn Scientific ("Flinn" or "Company") has acquired WhiteBox Learning LLC, a leading software as a service (SaaS) provider of a comprehensive activity-based learning system that offers science, technology, engineering and mathematics (STEM) applications for students in grades 6-12. Terms of the transaction were not disclosed.


WhiteBox Learning, based in Louisville, Kentucky, offers STEM-related applications that combine proprietary curriculum aligned to national and state standards with a state-of-the-art virtual and hands-on learning system giving students the ability to design, analyze, simulate and build their models hundreds of times.


Based in Batavia, Illinois, Flinn is a leading provider of educational science supplies and supplemental content to the K-12 and higher education markets. Flinn's broad product offerings support and promote next generation science standards with an emphasis on hands-on learning. The Company actively sells to over 29,000 schools and 48,000 teachers in the U.S. and Canada.


"Flinn Scientific is committed to bringing the most advanced technology to the STEM classroom while strengthening our impact on career and technology education (CTE); this acquisition helps us achieve those goals," said Mike Lavelle, President and Chief Executive Officer for Flinn Scientific. "With the fully-integrated, standards-based learning system from WhiteBox Learning, we will be able to offer educators and students a complete experience that goes beyond the traditional methods used to deliver science and engineering curriculum."


"WhiteBox Learning developed its STEM learning system with student enrichment and achievement top of mind. Students today are expected to learn at an increased pace to reach career readiness in a highly competitive environment," said Graham Baughman, Chief Executive Officer and President for WhiteBox Learning. "By joining forces with Flinn Scientific, combined with its commitment to a superior customer experience, we are confident that WhiteBox Learning will have an even greater impact on student achievement."


Jeff Miehe, Managing Director at Windjammer, said, "We are excited to work with and support Flinn's ongoing activities to meet the needs of students and educators in this dynamic learning environment. Through its organic and acquisition-oriented growth plans, Flinn continues to offer a compelling value proposition for science educators."


Please contact Jeff Miehe ( or Matt Anderson ( at Windjammer for more information about the transaction.


About Windjammer

Windjammer Capital Investors, founded in 1990, is a middle-market focused private equity firm with offices in Newport Beach, CA and Waltham, MA. Currently investing out of Fund IV, we target investments ranging from $40 - $200 million in marketing leading niche manufacturers, specialty distributors and B2B service providers operating in a broad set of underlying markets. We focus on making platform investments in companies with $8-$50 million of EBITDA, and review strategic add-on investments in companies of all sizes. As an engaged partner focused on transformational growth, our investment strategy extends well beyond financial engineering. For more information, visit


About Flinn Scientific

Recognized by science teachers as a leading source of teaching and learning resources, Flinn Scientific partners with educators to provide materials, guidance, and inspiration to help teachers and students succeed. Flinn Scientific is based in Batavia, Illinois and was founded in 1977. Its primary mission is to support science educators and make a positive impact on student achievement in the science classroom and laboratory. Flinn Scientific is committed to unsurpassed customer service by providing the science community with the very best science education supplies, safety information, instructional materials and programs to facilitate their vital work. Over 150,000 science educators rely on Flinn Scientific annually for resources in science teaching and learning and for district science education solutions. For more information, visit

"We were very fortunate to have Windjammer as our partner. Their expertise in working with niche-oriented, leading companies in the middle market, as well as their strategic guidance and resources were valuable to us as we expanded the business."

Dale Schulz, CEO
ST Specialty Foods