HINGE Closes Multiple Childcare Business Transactions in August
The team at HINGE has sold 71 childcare centers during 2021 with 29 under contract to close by the end of the year. This strong sellers’ market has allowed many clients to retire, change careers, or remain in a different capacity with successor companies after selling their operating childcare centers and either leasing or selling the real estate at the same time. We are thrilled to bring more than 450 buying entities and a team with 200+ years combined experience to the HINGE process—successfully transitioning teams and families with strong buyer cultures. The month of August was especially busy with the closings of the following groups:
Three-site Texas Business and Real Estate Sold to New National Start-Up Organization
HINGE is happy to have supported our Texas-based client in exiting their childcare business and related real estate in a simultaneous transaction to a new group of experienced operators. The sellers had a complicated owner structure and the operating partners wished to remove themselves from the day-to-day difficulties of the industry. The buyers operated previously in the childcare space and recently began acquiring operating assets again with a strong team of experienced providers.
14-site North Carolina Business and Real Estate Sold to National Childcare Group
Having built a business from scratch, our clients wished to take advantage of the strong market and gained significant interest from multiple business operators for their company. The sellers had built a solid management team that will remain with the successor company, manage day-to-day operations, and help the new ownership team grow in the area. The sellers chose to also sell the related real estate and the HINGE team paired the business buyer with a real estate investor and sold both the business and the real estate simultaneously.
Austin Texas Childcare Center Sold to Large Regional Childcare Provider
A single school in the sought-after Austin, Texas market was valued highly by the large database of buyers that the HINGE team has developed over the last 35 years operating exclusively in the early education space. The school owner relocated and wished to find a successor company to continue the excellent curriculum and service to families seeking exemplary care and education for their young children. The buyer operates strong programs and provides excellent opportunities for its staff all across the country.
Congratulations to all of these sellers on the successful growth and sale of their businesses! We wish them all the best of luck in the future endeavors! If you would like information on your exit options and how you can get your selling process started, contact our team at info@hingebrokers.com.