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The acquisition was worth $32 million, and allows UB to retain its name and operate as an independent institution.
The institution began in 1946 as the Paier School of Applied Arts in West Haven.
The schools collectively employ nearly 30,000 people statewide.
The East Hartford-based Goodwin is teaming with Hamden's Paier College of Art on the takeover.
The decision was not related to the Covid-19 pandemic, according to the school.
The University of Bridgeport will continue to operate as an independent entity.
Trombley took the helm at Bridgeport in July 2018.
As of Friday, the number of students remaining on UB’s campus was under 100, most of whom are international.
The Connecticut Department of Public Health (DPH) State Laboratory has identified three additional presumptive positive cases of COVID-19, Gov Ned Lamont announced today. To...
The University of Bridgeport and Western Connecticut State University were cited for high costs and low completion rates.
"This partnership of two mission-driven schools embodies a remarkable complementarity," said Kevin Quigley, president of Marlboro College.
University of Bridgeport President Laura Skandera Trombley has started is a program called The Bridgeport Plan that connects education to a career that will give students a much clearer sense of the kinds of opportunities that exist.
The CCIC concluded that its 11 member institutions had a $33.2 billion economic impact on Connecticut in 2017.
"The $25 million needed for this project is finally in place," said Ganim about the long-stalled Congress Street Bridge project.