Three schools in North Jersey and one school
in South Jersey join new parent organization
ROCKAWAY, N.J., July 9, 2024
/PRNewswire/ -- With the future of students and staff in mind, the
owners of Little Learners – a well-respected preschool and
childcare with four locations in New
Jersey – have sold the organization to Busy Bees, a leading
international early education provider. The confidential sale of
the schools and their real estate was led by HINGE Early Education
Advisors.
"It wasn't an easy decision to sell these schools that we love.
However, we are confident it is the best move for our children,
families, teachers, and staff," says Milan
Patel, co-owner of Little Learners. "As part of a larger
organization that's known as one of the top providers globally,
they will have unmatched resources and many more exciting
opportunities for growth."
Milan Patel initially acquired
two centers in Rockaway and
Budd Lake in 2015 under the
guidance of childcare investor Chirag
Patel. Together, they expanded the organization by acquiring
a school in Elmer with childcare director Camille Banks in 2021 and adding a fourth school
in Kenvil with childcare director
Laura Enriquez in 2022.
"I have invested in many different industries throughout my
career, and there's nothing quite like early learning where your
business has a higher purpose. This purpose comes with the
responsibility of recognizing a good opportunity when you see it,"
says Chirag Patel, who owned,
operated, and sold another preschool prior to Little Learners.
"When that opportunity means selling, the key is finding an advisor
who will keep your school's values front and center, attract
competitive offers from multiple buyers, and broker a deal that
helps all parties win. This is exactly why we brought in HINGE
Advisors."
HINGE Transaction Advisor Rich
Hubschman, Transaction Manager Carrie Pergerson, Financial Analyst Rusty Bailey, and Marketing Coordinator
Marissa Webster handled the sale
from start to finish, including confidential marketing, due
diligence, offer evaluations, contract negotiations, and the
transaction closing.
"Our extremely competitive process enabled us to deliver
rewarding outcomes all around," says Hubschman. "Being entrusted to
help Little Learners and their owners move onto their next chapters
was a privilege. We wish Milan, Chirag, Camille, and Laura all the
best in their next ventures and are pleased to have completed
another successful transaction with the Busy Bees North America
team."
As part of his next endeavor, Chirag
Patel has joined the HINGE Advisors team as a Development
Specialist. Leaning on more than 15 years of childcare experience,
as well as a strong background in acquisitions, investments, real
estate, expansion, and consulting, he now helps other childcare
owners run profitable businesses and identity appropriate growth
and exit strategies.
"I have been following HINGE Advisors for years and have the
utmost respect for the many ways they support childcare owners at
all stages of business," adds Chirag. "As part of the team, I'm
excited to educate fellow owners about how they can optimize the
health of their organizations and what they need to consider when
they decide it's their time to sell."
About HINGE Early Education Advisors
HINGE Early
Education Advisors is the nation's leading expert in growing and
selling childcare businesses. The HINGE team — comprised of former
childcare business owners, financial experts, and commercial and
real estate brokers — has more than 300 years of combined industry
experience and proudly maintains strong relationships with more
than 500 active early education business buyers and investors.
HINGE has closed more school transactions than any advisor in the
nation, helping childcare owners gain maximum value for their
businesses and real estate. Learn more at hingeadvisors.com.
Media Contact:
Pamela
Caruolo
For HINGE Early Education Advisors
pamela@caruolocommunications.com
484.574.2946
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SOURCE HINGE Advisors