M&A Deal Summary

Maxim Partners and Education Consolidation Acquire Westervelt College

On February 1, 2012, private equity firm Maxim Partners and Education Consolidation acquired education company Westervelt College

Acquisition Highlights
  • This is Maxim Partners’ 2nd and Education Consolidation’s 2nd transaction in the Education sector.
  • This is Maxim Partners’ 2nd and Education Consolidation’s 2nd transaction in Canada.
  • This is Maxim Partners’ 1st and Education Consolidation’s 1st transaction in Ontario.

M&A Deal Summary
Date 2012-02-01
Target Westervelt College
Sector Education
Buyer(s) Maxim Partners
Education Consolidation
Deal Type Buyout (LBO, MBO, MBI)

Target

Westervelt College

London, Ontario, Canada
Westervelt College is a provider of career education in the areas of business, healthcare, law and information technology in Southern Ontario.

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Buyer(S) 2

Buyer

Maxim Partners

Hinsdale, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
Size Small
Type Sector Agnostic
DESCRIPTION

Maxim Partners LLC is private equity firm focused on opportunities in the education, energy, environmental, and wellness sectors. Maxim will consider opportunities throughout North America and is willing to invest in common stock, preferred stock or subordinated debt. Maxim looks to commit $2 to $20 million in companies with at least $5 million in revenue and $2 million of EBITDA. The Maxim Partners LLC was formed in 1991 and is based in Hinsdale, Illinois.

DEAL STATS #
Overall 4 of 6
Sector (Education) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Pipe Maintenance

Kilgore, Texas, United States

Pipe Maintenance Inc. is a provider of inspection, repair, maintenance and asset management services for oil country tubular goods and down-hole tools.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-31 Laney Drilling

Waller, Texas, United States

Laney Drilling is an independent horizontal directional drilling (HDD) company serving the oil and gas pipeline industry. Company is the only provider of integrated engineering, design and construction services for complex, large-scale HDD projects. Other applications of HDD include communication conduits, water lines, sewer lines and environmental remediation casings. Laney Drilling was founded in 1989 and is based in Waller, Texas.

Buy -
Buyer

Education Consolidation

Vancouve, British Columbia, Canada
Category Company
Founded 2010
Sector Education
DESCRIPTION

Education Consolidation Corporation was established in 2010 by Robert Prendergast with the aim of consolidating individual and regional Canadian private, post-secondary schools into one synergistic and profitable organization. Robert has years of senior executive-level experience in the Canadian for-profit education sector with CDIS, AI, and TEC The Education Company (Stenberg College and the Centres for Arts and Technology). Robert also has served as a board and executive member of the BC Career Colleges Association and is currently an executive board member of the National Association of Career Colleges and an executive board member of CETAC, the Canadian Education Training Accreditation Commission.

DEAL STATS #
Overall 2 of 2
Sector (Education) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 Robertson College

Winnipeg, Manitoba, Canada

Robertson is a 100 year-old career college, based in Winnipeg, Manitoba, which provides allied health, business and technology training through three campuses and online programs in the provinces of Manitoba and Alberta.

Buy -
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