Childcare Business Transaction in Charlotte Market

HINGE announced today that it completed an operating business transaction and related real property purchase in the metro Charlotte market with one of the nation’s fastest-growing child care companies. HINGE negotiated the time-critical purchase of the business for a multi-site childcare operator immediately following a foreclosure action on the real property by the lender for the former owner/operator.

The former operator of the business was able to realize gain from the sale of the operating business and associated personal property, while the foreclosing lender was able to dispose of the real estate before it became vacant, which would have resulted in an immediate reduction in real estate value. And most importantly, the parents and children enrolled at the center experienced a seamless transition in services from one operator to another without any interruption. Hinge’s experience with the nation’s largest childcare operators enabled it to negotiate and manage all of the facets of such a complicated transaction and complete it in just 30 days.