Two Nationally Accredited Early Learning Centers Sold in Richmond
The team at HINGE Advisors is proud to announce the successful sale of Clover Hill Children’s Center in Midlothian, Virginia and Chester Child Development Center in Chester, Virginia.
Both schools are nationally accredited by the International Academy for Private Education and have been staples of the Richmond community for 30 years thanks to founder Suzanne Wittersheim.
“I’ve devoted my 55-year career to helping children discover a lifelong love of learning, and it has been such a rewarding journey,” says Wittersheim. “We have always strived to be a step above other childcare providers and were named the Best Childcare Center in Richmond, so I didn’t want just anyone taking the reins. My goal was to handpick a new owner who would be willing to provide the same personal touch to my staff, students, and families as they were accustomed to.”
HINGE Advisors took the schools to market confidentially and ran a competitive process that allowed Wittersheim to explore her options with multiple national, regional, and local buyers. From several competing offers, she ultimately selected a regional buyer to maintain a more flexible, family-like environment.
“Suzanne got the best of both worlds with a fantastic successor whose culture aligns remarkably well with her schools and who also recognizes the exceptional value of her centers,” says HINGE Transaction Advisor Rich Hubschman. “She has worked for decades to provide families peace of mind, and we’re honored to now give her that same peace of mind knowing her legacy is in excellent hands.”
From marketing through closing, the sale of the schools and their associated real estate wer managed by a team of seasoned childcare business experts including Hubschman, Diligence Manager Carrie Pergerson, Financial Analyst Marnie Rhen, and Coordinator Marissa Webster.
“The HINGE team allowed me to find a wonderful new owner and made the process extremely easy,” adds Wittersheim. “I’m finally retiring with a big smile on my face and a good feeling about the future of my schools.”
Are you interested in extending your early education legacy by finding the perfect buyer to continue your great work? Get in touch with the HINGE team today at info@hingeadvisors.com.