Former General Electric chairman and chief executive Jack Welch agreed to sell his online leadership education program to Strayer Education Inc. for undisclosed terms.

The deal, announced Friday, November 11, is the latest transaction to take place between higher learning institutions, which has seen an uptick in M&A over the past couple months. Welch’s holding company, S&J Welch LLC, sold the Jack Welch Management Institute, or JWMI, to Strayer with the ultimate goal of making it into “the number one online business school in the world,” said Welch in a prepared statement.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.