FridayJuly 25, 2025

ACT CEO: Organization’s foray into for-profit seeks to grow capabilities

The pivot to profit more than a tax ID; new resources will propel growth for company, CEO says
By: Annie Smith Barkalow|May 23, 2024
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    • The entrance of ACT's campus, on the corner of ACT Place and Scott Boulevard, Iowa City.

    The entrance of ACT's campus, on the corner of ACT Place and Scott Boulevard, Iowa City. CREDIT GOOGLE MAPS

    Educational organization and former nonprofit ACT made headlines last month when it announced a partnership with Nexus Capital Management LP, a Los Angeles-based private equity firm that exercises majority ownership over the institution.

    The restructuring merged ACT with its subsidiary Encoura, an education data science and research organization, and produced a new nonprofit, IntermediaryEd, which exerts minority ownership and will continue ACT’s work of college and career…

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