11-Site School Group Sold in Greater Cleveland Market
The team at HINGE is pleased to have successfully managed the selling process of an 11-site group of schools in the greater Cleveland* market.
The seller had built a strong brand and dedicated team of early education professionals in the area and was seeking retirement. After trying unsuccessfully for many years to sell the company, the seller was thrilled to get connected with HINGE because of our strong buyer relationships and ability to run a confidential, streamlined process.
The competitive process included groups already operating schools, international groups seeking an entrance and new start-up companies in the industry.
The successful buyer is a newer, high-end brand in the industry looking for expansion opportunities. The buyer felt the 11-site group was a strong platform from which to launch their aggressive growth strategy. The schools’ dedicated team was also seen as highly valuable and are staying with the new buyer to better help them grow in the market.
If you are ready to sell your early education business, don’t hesitate to contact our team at info@hingebrokers.com.
*An earlier edit of this announcement stated the school group was located in Greater Cincinnati. The correct location is Greater Cleveland.