M&A Deal Summary

Granite Bridge Partners Acquires American Higher Education Development

On August 1, 2004, private equity firm Granite Bridge Partners acquired education company American Higher Education Development from Murphy & Partners

Acquisition Highlights
  • This is Granite Bridge Partners’ 1st transaction in the Education sector.
  • This is Granite Bridge Partners’ 3rd transaction in the United States.
  • This is Granite Bridge Partners’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2004-08-01
Target American Higher Education Development
Sector Education
Buyer(s) Granite Bridge Partners
Sellers(s) Murphy & Partners
Deal Type Secondary Buyout

Target

American Higher Education Development

New Hope, Pennsylvania, United States
American Higher Education Development operates post-secondary educational institutions. AHED is a platform company to acquire and manage post-secondary, degree- and certificate-granting educational institutions. American Higher Education Development was formed in 1998 and is based in New Hope, Pennsylvania.

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Buyer(S) 1

Buyer

Granite Bridge Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
Size Mega
Type Sector Agnostic
DESCRIPTION

Granite Bridge Partners is a private equity firm focused on control investments in mid-sized companies operating in traditional industries. The Firm looks to commit $10 to $30 million in profitable companies with up to $100 million in revenue. Broad areas of interest include consumer products/services, business services, and niche manufacturing. Granite Bridge Partners is the former direct investing unit of Wafra Partners and was spun out in 2018. The Firm is based in in New York City.


DEAL STATS #
Overall 4 of 18
Sector (Education) 1 of 1
Type (Secondary Buyout) 1 of 4
State (Pennsylvania) 1 of 1
Country (United States) 3 of 16
Year (2004) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Riviera Trading

New York, New York,

Riviera Trading, Inc. is an importer of sunglasses, hats, and accessories sold under licensed brand names such as Nine West, Ocean Pacific and Speedo.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-10 Riviera Trading

New York, New York,

Riviera Trading, Inc. is an importer of sunglasses, hats, and accessories sold under licensed brand names such as Nine West, Ocean Pacific and Speedo.

Sell $30M

Seller(S) 1

SELLER

Murphy & Partners

New York, New York, United States

Category Private Equity Firm
Founded 1988
Size Small
Type Sector Focused
DESCRIPTION

Murphy & Partners is a small private equity firm focused on structuring investments in the lower end of the middle-market. Target sectors include healthcare, media, education, and consumer services. Murphy & Partners looks to invest between $1 and $10 million per transaction. Murphy & Partners is based in New York City.


DEAL STATS #
Overall 4 of 6
Sector (Education) 1 of 2
Type (Secondary Buyout) 1 of 1
State (Pennsylvania) 2 of 2
Country (United States) 4 of 6
Year (2004) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-09 Little Tornadoes

New York, New York, United States

Little Tornadoes was an Internet services firm specializing in web development and consulting with expertise in front-end design and back-end applications. It serviced the Information Technology needs of its clients within the Internet environment. The Company's development capabilities included strategic analysis and implementation, graphic design and HTML, information architecture and design, custom content management environments, database development and integration, site building, intranet and extranet development, and personalization and security applications

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-01 Celebration Events

Woburn, Massachusetts, United States

Celebration Events is a platform company established in 2006 in the fast-growing party-rental field. Its plan is to become the premier company of its kind in New England, serving the needs of caterer, party planners, institutions, and individuals by providing ?one-stop shopping? for everything from tents to linens to table settings.

Sell -