Becker closes ACAMS acquisition

DOWNERS GROVE - Becker Professional Education, a subsidiary of DeVry Education Group, announced that the previously disclosed acquisition of the Association of Certified Anti-Money Laundering Specialists for $330 million has closed. The acquisition was financed through a combination of cash and debt.

ACAMS is the largest international membership organization dedicated to enhancing the knowledge and skills of anti-money laundering and financial crime prevention professionals. The acquisition furthers Becker's global growth strategy into professional education and enhances Becker's position as a leading provider of lifelong learning for professionals. With a potential total addressable market of more than $2 billion, ACAMS is expected to generate fiscal 2017 revenue in the low $40 million range.

"ACAMS is a terrific organization that we are proud to welcome to the Becker family," said John Roselli, president of Becker Professional Education. "ACAMS has an exceptional leadership team, membership base, and educational platform, with substantial growth opportunities that we plan to accelerate through the integration with our professional education network. This was a strategic transaction that allows us to leverage our key competencies at Becker and we look forward to ACAMS' contributions to our future."

ACAMS financial results will be reported within Becker Professional Education as part of DeVry Group's International and Professional Education segment.