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successfully completed its initial public offering on June 21, 1991. DeVry Education Group (1990вЂ“2018) ДeVry Inc. The two schools were combined as DeVry Inc., with Keller acting as chairman and CEO and Taylor as president and COO. The leveraged buyout was worth $147.4 million. The Keller Graduate School of Management acquired DeVry from Bell & Howell in 1987.

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The school was fully accredited by the North Central Association of Colleges and Schools in 1977, the first for-profit school to be accredited by the body.ДeVry first received full accreditation in 1981. In 1976, the Keller School became an evening program offering MBAs, focused on working adults. The school was originally conceived as a day school that granted certificates. Keller and Taylor learned the economics of for-profit education while at DeVry and, in 1973, the two founded the Keller Graduate School of Management with $150,000 in loans from friends and family. Keller Graduate School of Management (1970вЂ“1990) Дennis Keller and Ronald Taylor met one another in the early 1970s when the two were teachers at DeVry. A year later, the company acquired the Ohio Institute of Technology and DeVry was renamed DeVry Institute of Technology, which was accredited to confer bachelor's degrees in electronics in 1969. Д«ell & Howell completed its acquisition of DeVry Technical Institute in 1967. After its founder's death in March 1941, The school was renamed DeVry Technical Institute in 1953 and gained accreditation to confer associate degrees in electronics in 1957. De Forest Training School originally taught projector and radio repair, but later expanded to include other electronic equipment such as televisions. DeVry, who had previously invented a motion picture projector and produced educational and training films, named the school after his friend Lee de Forest. History Early history (1931вЂ“1970) ДeVry was founded in 1931 as the De Forest Training School in Chicago, Illinois.

6 Past partnerships and political interests.

4 Investigations, lawsuits, and settlements.

1.2 Keller Graduate School of Management (1970вЂ“1990).

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