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McGraw Hill LLC
McGraw Hill LLC traces its roots to 1888 as an educational publisher, now operating under Platinum Equity with digital learning platforms.
McGraw Hill LLC
McGraw Hill was founded in 1888 by James McGraw and John Hill, initially as separate publishing houses that merged in 1909 to form McGraw-Hill Publishing Company. The firm expanded into educational materials, professional books, and financial information services over the 20th century. In 2013, McGraw-Hill Financial spun off McGraw-Hill Education to focus on digital learning. The company operates primarily in the education sector, developing textbooks, digital courseware, and assessment tools for K-12 and higher education markets. Its asset mix includes intellectual property from thousands of titles, digital platform subscriptions, and infrastructure for educational content delivery. Key portfolio lines include the Connect platform for online homework and the ALEKS adaptive learning system. McGraw Hill employs approximately 3,500 people as of recent public disclosures. The company maintains offices in New York and Sunnyvale, California. In May 2021, Platinum Equity completed its acquisition of McGraw Hill from Apollo Global Management for an undisclosed sum (per Platinum Equity, May 2021). The firm's structural differentiator lies in its transition from traditional textbook publishing to a digital-first education technology company under successive private equity owners. This shift reflects broader market trends but also leaves McGraw Hill dependent on school district budgets and regulatory changes in education funding.
General information
Firm type
Asset Manager
Year founded
1888
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
Sunnyvale, CA, United States
Principals
James McGraw
Co-Founder
John Hill
Co-Founder
Sector focus
Frequently asked questions
Who owns McGraw Hill LLC?
McGraw Hill is currently owned by Platinum Equity, a private equity firm that acquired the company from Apollo Global Management in May 2021 (per Platinum Equity, May 2021).
What are McGraw Hill's main products?
McGraw Hill provides textbooks, digital courseware (including the Connect platform), adaptive learning systems like ALEKS, and assessment tools for K-12 and higher education. Digital revenue now accounts for a majority of its sales.
How does McGraw Hill generate revenue?
Revenue comes from selling textbooks and digital subscriptions to schools, colleges, and individual students. Digital products include per-student licensing for Connect and ALEKS, alongside traditional print sales.
What markets does McGraw Hill serve?
McGraw Hill serves K-12 schools and higher education institutions primarily in the United States, with some international operations in Canada, Australia, and parts of Asia.
Has McGraw Hill undergone recent ownership changes?
Yes. McGraw Hill was spun off from McGraw-Hill Financial in 2013, acquired by Apollo Global Management in 2013, and then acquired by Platinum Equity in May 2021 (per Platinum Equity, May 2021).
What is the strategic focus of McGraw Hill under Platinum Equity?
Platinum Equity has focused McGraw Hill on digital transformation, including expanding adaptive learning technologies and shifting from print to digital subscriptions. The firm also emphasizes cost optimization and operational efficiency.
Does McGraw Hill invest in external companies or funds?
As a portfolio company of Platinum Equity, McGraw Hill is not itself an investment firm. It does not directly commit capital to external funds or make venture investments.
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