M&A Deal Summary

Porter and Chester Institute Acquires YTI Career Institute

On December 4, 2013, Porter and Chester Institute acquired education company YTI Career Institute from Liberty Partners

Acquisition Highlights
  • This is Porter and Chester Institute’s 1st transaction in the Education sector.
  • This is Porter and Chester Institute’s 1st transaction in the United States.
  • This is Porter and Chester Institute’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2013-12-04
Target YTI Career Institute
Sector Education
Buyer(s) Porter and Chester Institute
Sellers(s) Liberty Partners
Deal Type Add-on Acquisition

Target

YTI Career Institute

Altoona, Pennsylvania, United States
YTI Career Institute (“YTI”) is a private, for-profit postsecondary educational institution that trains students for entry-level positions in technical, business, culinary arts, computer technology, and allied health careers. The Company operates two separate school facilities, located in York and Lancaster, Pennsylvania.

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Buyer(S) 1

Buyer

Porter and Chester Institute

Wethersfield, Connecticut, United States

Category Company
Founded 1946
Sector Education
DESCRIPTION

Porter and Chester Institute is a postsecondary educational institution, that provides technical, business and health related occupational training through seven campuses in Connecticut and Massachusetts. Porter and Chester Institute was founded in 1946 and is based in Wethersfield, Connecticut.


DEAL STATS #
Overall 1 of 1
Sector: Education M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

Liberty Partners

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Liberty Partners is a private equity investment firm that targets controlling or substantial-minority investments in North American companies. Liberty looks for opportunities in manufacturing, business services, and education-related companies and seeks to invest $20 to $75 million of equity capital per transaction. Target businesses generally have at least $50 million in revenues and at least $6 million in EBITDA. Prospective transaction types include leveraged buyouts, corporate divestitures, recapitalizations, going-privates, build-ups, and growth financings. Liberty Partners was formed in 1992 and is based in New York City.


DEAL STATS #
Overall 29 of 32
Sector: Education M&A 1 of 2
Type: Add-on Acquisition M&A Deals 11 of 12
State: Pennsylvania M&A 3 of 3
Country: United States M&A 29 of 32
Year: 2013 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-11 Component Hardware Group

Matawan, New Jersey, United States

Component Hardware Group is a designer and supplier of specialty hardware components and plumbing products for use in commercial and institutional environments, including restaurants, cafeterias, hospitals, nursing homes, cruise ships, and schools. Component Hardware Group was founded in 1981 and is based in Matawan, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-15 EdgeAQ

Nashville, Tennessee, United States

Edgenet, Inc. is a provider of cloud-based product content network (“PCN”) and home improvement configuration software and services. The company’s comprehensive suite of SaaS solutions enable the exchange of detailed product information that can be utilized by retailers, manufacturers and suppliers to manage product data and streamline sales processes. Edgenet’s PCN software platform allows suppliers to collect, upload and share product information, marketing attributes and logistical data with retailers and its configuration tools help facilitate and simplify the design, ordering and manufacturing of configurable products including windows, doors, decking and fencing.

Sell -