LITTLE Pros Academy sOLD TO PRIVATE EQUITY COMPANY

The founder of Little Pros Academy, a real estate developer, created a high quality preschool education company with a concentration on wellness concepts in the Southeast market. This group of five schools, along with two additional multi-site companies, was sold to a private equity company seeking to enter the education market with a group of schools. Of the five schools, four were traditional parent-pay schools in community sites, and one school was located on a hospital site for the benefit of its employees and also provided government funded pre-k programs. HINGE negotiated a competitive price for the business and its assets along with a long-term development contract for the former owner. The seller elected to enter into a long-term lease agreement for each location with the new business owner and retain the real estate assets for income generation.