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Ewing-based Educational Testing Service announced that it has signed a definitive agreement to acquire Questar Assessment, a leading K-12 assessment solutions provider focused on building a bridge between learning and accountability.Ewing-based Educational Testing Service announced that it has signed a definitive agreement to acquire Questar Assessment, a leading K-12 assessment solutions provider focused on building a bridge between learning and accountability.

ETS will acquire Questar for approximately $127.5 million, subject to certain adjustments as set forth in the transaction agreement. Holders of Questar common stock are expected to receive approximately $2.80 per share in the transaction.

If the deal is completed, Questar would become a separate, for-profit subsidiary of ETS.

The deal is still subject to regulatory approval and customary closing conditions, however.

According to ETS President Walt MacDonald, the acquisition allows both organizations to gain capacity, improve capability, and acquire additional operating resources to better serve clients in the K-12 marketplace.

“ETS and Questar are already proven players in serving states, districts, educators and students across the nation,” he said. “This deepens our commitment, especially since both our missions of serving education, improving instruction and fully preparing students for college and careers are so closely aligned.”


Current clients of both companies will continue to be seamlessly served, ETS said.

Barclays is acting as exclusive financial adviser and Jones Day as legal adviser to ETS. BMO Capital Markets is acting as exclusive financial adviser and Vedder Price as legal adviser to Questar.