M&A Deal Summary

Anderson College Acquires Westervelt College

On February 1, 2022, Anderson College acquired education company Westervelt College from Maxim Partners and Education Consolidation

Acquisition Highlights
  • This is Anderson College’s 1st transaction in the Education sector.
  • This is Anderson College’s 1st transaction in Canada.
  • This is Anderson College’s 1st transaction in Ontario.

M&A Deal Summary

Date 2022-02-01
Target Westervelt College
Sector Education
Buyer(s) Anderson College
Sellers(s) Maxim Partners
Education Consolidation
Deal Type Merger

Target

Westervelt College

London, Ontario, Canada
Westervelt College is a provider of career education in the areas of business, healthcare, law and information technology. Westervelt College was founded in 1885 and is based in London, Ontario.

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Buyer(S) 1

Buyer

Anderson College

Toronto, Ontario, Canada

Category Company
Founded 1885
Sector Education
DESCRIPTION

Anderson College is an oldest colleges and trained more than 100,000 students over a 139-year history, and have been an empowering partner for students overcoming career challenges and transitioning to the next phase of their lives. Anderson College was founded in 1885 and is based in Toronto, Ontario.


DEAL STATS #
Overall 1 of 1
Sector (Education) 1 of 1
Type (Merger) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1

Seller(S) 2

SELLER

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 $5 to $50 million in companies with at least $10 million in revenue and $3 million of EBITDA. Maxim Partners LLC was formed in 1991 and is based in Hinsdale, Illinois.


DEAL STATS #
Overall 3 of 3
Sector (Education) 1 of 1
Type (Merger) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Zesty Paws

Orlando, Florida, United States

Zesty Paws provides premium products to enable and inspire a ZEST FOR LIFE in pets and pet parents. It is the most trusted brand for innovative solutions that guide and empower the journey to wellness. Specializing in dog and cat care, Zesty Paws products Keep Your Bestie Feeling Zesty. Zesty Paws was formed in 2015 and is based in Orlando, Florida.

Sell $610M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-01 Carbon Performance

Franklin, Tennessee, United States

Carbon Performance is a fitness platform built around a highly engaged fitness community with strength training at its core. The facilities provide best-in-class equipment, premium amenities, and exclusive access to Carbon specific apparel and supplement drops. Carbon Performance was founded in 2020 and is based in Franklin, Tennessee.

Buy -
SELLER

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 1 of 1
Sector (Education) 1 of 1
Type (Merger) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-01 Westervelt College

London, Ontario, Canada

Westervelt College is a provider of career education in the areas of business, healthcare, law and information technology. Westervelt College was founded in 1885 and is based in London, Ontario.

Buy -