Follett School Solutions

The firm is governed by the Follett family, with Todd Litzsinger serving as Chairman and representing the fourth generation of family ownership. Investment decisions are not structured as a traditional fund allocation process — the family's capital is deployed through the operating company itself rather than through external manager commitments. Strategic moves, including the divestiture of the higher-education retail division, are directed by family leadership and the board.

Follett Corporation, the parent entity, operated the largest collegiate bookstore chain in North America for decades. The family divested and restructured those higher-education retail assets over time, retaining the K-12 software division as Follett School Solutions — a separate operating entity focused solely on educational technology. The bookstore chain's legacy is no longer part of the family's active operating structure.

No, Follett School Solutions is an operating business wholly owned by the Follett family. It does not function as a diversified family office making LP commitments to venture capital, private equity, or hedge funds. The family's capital is concentrated in the operating company and its educational-software platform, Destiny.

Destiny is a library and resource management system serving over 70,000 K-12 schools. It handles cataloging, digital content distribution, textbook tracking, and analytics for district administrators. Additional modules like Destiny Discover provide e-book and audiobook access, while Follett Classroom offers curriculum and lesson-planning tools — making it a central operating system for school resource management.

The wealth traces to Charles W. Follett, who founded a used-book business in 1873. The company expanded into textbook distribution and eventually became the dominant college bookstore operator across the United States. The family's current focus on K-12 education technology represents a strategic pivot from that retail-and-distribution legacy.