The school’s mission is to train the very best tradespeople, in both theory and hands-on, state-of-the-industry laboratories at locations and times convenient for its students. The training programs are thoroughly researched and carefully designed to place students in realistic plan and service operations. The programs and courses are constantly modernized and updated to parallel today’s new technologies.
What made the business attractive to buyers?
Challenges
Why did the owner want to sell?
Having owned the company for forty years, the owner was ready to spend more time away from New England. He realized that in order to grow the company needed a new marketing approach and had to use technology more effectively. He also knew he did not have the desire to invest the time and resources to make those changes.
Beacon’s Role and Results:
Beacon Equity Advisors assisted with the valuation, marketing and deal negotiations necessary to bring about a deal that allowed the business owner to spend more time with family and convert years of hard work into cash for retirement.
The Process:
Beacon marketed the business for approximately nine months to hundreds of corporate buyers and entrepreneurs seeking an opportunity in the For-Profit Education industry.
The Buyer
The ultimate buyer was an entrepreneur with a strong management background and significant investable cash. The buyer was referred to Beacon by his CPA, originally seeking an acquisition opportunity in the industrial space. After being introduced to the school, he was able to leverage his family’s academic background to realize the growth opportunity presented in vocational education.
The business was sold for the target price and terms Beacon outlined for the owner prior to the start of the engagement.