Email from Halladay Education Group Inc. Latest News & Updates: Outcomes First Group Expands into Spain with Colegio Areteia Volume 201 | October 1, 2026 Published By: Halladay Education Group Welcome To HEG’s Inner Circle eNews A Bi-Weekly Recap of Essential Reading For The Private School Sector PRIVATE SCHOOL SALES | VALUING YOUR SCHOOL | PRIVATE INQUIRIES Hello Douglas, Welcome to the 201st edition of HEG’s Inner Circle Private School eNews, where Halladay Education Group shares key insights into the latest investment activity shaping the global private education sector. HEG MARKET INTELLIGENCE The past two weeks produced two very different headlines. A hospital group bought a career college with more than 8,000 students. Within four days of each other, two of the best-known names in English language teaching stopped operating. Both headlines come down to where revenue comes from. Buyers are paying for programs tied to domestic demand and employer need. Models built on international student volume are being repriced by policy, and in some cases shut down by it. This cycle's acquirers are mostly filling gaps in what they already own. Healthcare employers want their own training pipeline. Education platforms are adding tutoring, scheduling, and workforce tools that sit next to the classroom. European groups keep crossing borders one school at a time. Owners should read this as a question about their own revenue mix. A buyer will ask how much of your enrollment depends on a visa, a cap, or a single recruitment market, and the answer will shape the price. Buyers will see distressed international assets come to market. The discount needs to reflect how quickly one policy change can reset a revenue base. Sellers will not always accept that math, as IDP's rejection of a private equity bid this month shows. At Halladay Education Group, we follow this across private schools, career colleges, language schools, and education platforms. If a sale or an acquisition is on your mind, write to info@HalladayEducationGroup.com and we will arrange a confidential 30-minute call. To Your Continued Success, Douglas Halladay | President, Halladay Education Group TF: +1.800.687.1492 | C: +1.604.868.0002 Email: info@halladayeducationgroup.com WeChat: dhalladay | WhatsApp: 604.868.0002 Please view our Corporate Brochure and our Corporate Video. FEATURED OPPORTUNITIES 1) NURSING & HEALTHCARE CAREER COLLEGE GROUP IN WESTERN CANADA REVIEWING OFFERS Market-leading, multi-campus healthcare education platform. FY25 anchors at $14.5M in revenue and $3.4M in EBITDA (23% margin), scaling asset-light to $19.3M and $5.9M by FY27F (30% margin), demonstrating strong earnings momentum and growth visibility. Programs include Practical Nursing (LPN) and allied health. Underwriting rests on: (i) approved programs with domestic financial-eligibility status, (ii) defensible practicum access, and (iii) predominantly domestic tuition revenues. More Info 2) MULTI-CAMPUS WESTERN CANADIAN HEALTH / WELLNESS / BEAUTY CAREER COLLEGE PLATFORM REVIEWING OFFERS Scaled multi-campus Western Canadian career college group with substantial healthcare exposure and FY26F projected EBITDA of about $2.6M on $6.6M of revenue. The platform combines domestic demand, practical employer-aligned training, and a capacity-ready multi-campus footprint that supports further margin expansion. Growth opportunities include adding cohorts, selective program expansion, pricing optimization, and increased utilization of clinics and salons. More Info. 4) PREMIUM EUROPEAN SUMMER CAMP PLATFORM Project Alpine: 50+ years, 350,000 alumni, and participants from 60 countries. FY26F: US$7.2M revenue / $1.2M EBITDA. Buyer value: brand equity, high-margin enrollments, multi-country programming, and repeat/cross-sell potential across channels. Growth levers include extended seasons, new locations, and structured partnerships. More Info 4) U.S. FOR-PROFIT K-12 BUYER (VOUCHER/ESA STATES) Global operator seeking acquisitions of for-profit day schools in voucher/ESA markets. Target: $500K–$5M EBITDA, strong academics, and clear growth. Flexible deal structures, including real estate options, are suitable for single sites or small groups. Priority: FL, TX, AZ, GA (plus IN, IA, OH, NC, UT, WV, AL, LA, OK, NH, TN). Confidential, founder-friendly, proven integration. More info 5) PROFITABLE TRANSPORT CANADA–APPROVED FTU + AVIATION CAREER COLLEGE (WESTERN CANADA) Scaled, asset-backed aviation training platform: Transport Canada–approved FTU within a provincially accredited career college with DLI and Student Aid eligibility. FY26F: $3.45M revenue, ~335 students, normalized EBITDA ~$910K (FY24–FY25F avg), expanding to ~$1.05M at 30%+ margins. Leased airside campus; 11-aircraft fleet (~$2.6M), simulator, and maintenance operations create a defensible regulatory/operating moat. More Info 6) PROFITABLE ACCREDITED SPECIAL EDUCATION PRIVATE SCHOOL + LEARNING SERVICES (SOUTHEASTERN U.S.) A profitable, established private school in the high-demand special education market, serving students with learning differences. An accredited elementary and middle day school is paired with a fee-based learning services program that earns year-round revenue beyond tuition. FY27F: ~$4.7M revenue and ~155 students, with normalized EBITDA of ~$470K (FY24-FY26 avg) growing to ~$560K at ~12% margins. The campus is leased, keeping the model asset-light, and the real estate may be available to acquire. Strong retention, exceptional parent satisfaction and state scholarship eligibility support durable enrollment, with clear upside in summer and specialist services. MORE INFO TO FOLLOW. More Opportunities Info FEATURED NEWS OUTCOMES FIRST GROUP EXPANDS INTO SPAIN WITH COLEGIO ARETEIA Spain becomes the first European country for OFG’s international expansion. Read more HCA HEALTHCARE ACQUIRES THE COLLEGE OF HEALTH CARE PROFESSIONS HCA Healthcare has completed the previously announced acquisition of CHCP. Read more IDP REJECTS $494M PRIVATE EQUITY TAKEOVER BID FROM BLACKSTONE  IDP Education has batted away a highly opportunistic multi-million dollar takeover bid. Read more ALSO IN THE NEWS ESS ANNOUNCES ACQUISITION OF HEYTUTOR Expanding K-12 Workforce Solutions with Tutoring and Academic Intervention Services. Read more DUKES EDUCATION ACQUIRES SECOND SCHOOL IN GERMANY Announcing a deal to secure Jules Verne Campus (JVC) in Munich. Read more 360TRAINING EXPANDS COMMERCIAL TRAINING PORTFOLIO WITH ATLANTIC TRAINING Atlantic Training, a provider of HR compliance, OSHA, and workplace safety training. Read more EIGHT UK PRIVATE SCHOOLS MERGE IN SIGNIFICANT DEAL One year since 8 leading UK private schools merged together in one of the most significant collaborations in the sector. Read more KYIP CAPITAL BUILDS TRAINING PLATFORM WITH SKILLA ACQUISITION Private equity firm Kyip Capital has acquired majority stakes in two Italian training companies. Read more ASCEND LEARNING ACQUIRES M7 HEALTH M7 Health joins Ascend brands StaffGarden and Laudio to create a connected workforce solution. Read more PHOENIX EDUCATION PARTNERS TO ACQUIRE FUEL50 Advancing the future of Workforce Transformation. Read more EC ENGLISH LANGUAGE CENTRES CLOSES ALL GLOBAL SCHOOLS Closing all its 25 language schools across seven destinations, effective immediately. Read more ILAC EDUCATION GROUP FILES FOR BANKRUPTCY; CEASES OPERATIONS ILAC cited significant regulatory changes affecting the sector. Read more HELPING LINKS ABOUT HEG’S M&A ADVISORY SERVICES Halladay Education Group (HEG) is a premier M&A advisory firm specializing exclusively in the private education sector across North America and internationally. With over 30 years of experience, HEG has successfully led the sale, acquisition, and recapitalization of a diverse range of educational institutions, including K-12 private schools, boarding and Montessori schools, early childhood centers, ESL programs, career colleges, and higher education platforms. We are a trusted advisor to private equity firms, institutional investors, operators, and family offices pursuing strategic growth, as well as school owners seeking full or partial exits. Backed by deep sector expertise, an extensive proprietary database of qualified buyers, and full-cycle transaction support, HEG has earned a reputation as one of the most active and respected firms in the field. To confidentially discuss your institution’s strategic options—whether a sale, merger, acquisition, or financing—and how emerging trends may impact your outlook, contact us at 1-800-687-1402. Please view our Corporate Brochure. info@halladayeducationgroup.com | 1-800-687-1492 | www.buyingandsellingschools.com View Our Brochure Contact Us View our Corporate Video Visit our website STAY CONNECTED Halladay Education Group Inc. | 4316 Arthur Drive | Delta, BC V4K 2W8 CA Unsubscribe | Update Profile | Constant Contact Data Notice

Email from Halladay Education Group Inc. Latest News & Updates: Outcomes First Group Expands into Spain with Colegio Areteia Volume 201 | October 1, 2026 Published By: Halladay Education Group Welcome To HEG’s Inner Circle eNews A Bi-Weekly Recap of Essential Reading For The Private School Sector PRIVATE SCHOOL SALES | VALUING YOUR SCHOOL | PRIVATE INQUIRIES Hello Douglas, Welcome to the 201st edition of HEG’s Inner Circle Private School eNews, where Halladay Education Group shares key insights into the latest investment activity shaping the global private education sector. HEG MARKET INTELLIGENCE The past two weeks produced two very different headlines. A hospital group bought a career college with more than 8,000 students. Within four days of each other, two of the best-known names in English language teaching stopped operating. Both headlines come down to where revenue comes from. Buyers are paying for programs tied to domestic demand and employer need. Models built on international student volume are being repriced by policy, and in some cases shut down by it. This cycle's acquirers are mostly filling gaps in what they already own. Healthcare employers want their own training pipeline. Education platforms are adding tutoring, scheduling, and workforce tools that sit next to the classroom. European groups keep crossing borders one school at a time. Owners should read this as a question about their own revenue mix. A buyer will ask how much of your enrollment depends on a visa, a cap, or a single recruitment market, and the answer will shape the price. Buyers will see distressed international assets come to market. The discount needs to reflect how quickly one policy change can reset a revenue base. Sellers will not always accept that math, as IDP's rejection of a private equity bid this month shows. At Halladay Education Group, we follow this across private schools, career colleges, language schools, and education platforms. If a sale or an acquisition is on your mind, write to info@HalladayEducationGroup.com and we will arrange a confidential 30-minute call. To Your Continued Success, Douglas Halladay | President, Halladay Education Group TF: +1.800.687.1492 | C: +1.604.868.0002 Email: info@halladayeducationgroup.com WeChat: dhalladay | WhatsApp: 604.868.0002 Please view our Corporate Brochure and our Corporate Video. FEATURED OPPORTUNITIES 1) NURSING & HEALTHCARE CAREER COLLEGE GROUP IN WESTERN CANADA REVIEWING OFFERS Market-leading, multi-campus healthcare education platform. FY25 anchors at $14.5M in revenue and $3.4M in EBITDA (23% margin), scaling asset-light to $19.3M and $5.9M by FY27F (30% margin), demonstrating strong earnings momentum and growth visibility. Programs include Practical Nursing (LPN) and allied health. Underwriting rests on: (i) approved programs with domestic financial-eligibility status, (ii) defensible practicum access, and (iii) predominantly domestic tuition revenues. More Info 2) MULTI-CAMPUS WESTERN CANADIAN HEALTH / WELLNESS / BEAUTY CAREER COLLEGE PLATFORM REVIEWING OFFERS Scaled multi-campus Western Canadian career college group with substantial healthcare exposure and FY26F projected EBITDA of about $2.6M on $6.6M of revenue. The platform combines domestic demand, practical employer-aligned training, and a capacity-ready multi-campus footprint that supports further margin expansion. Growth opportunities include adding cohorts, selective program expansion, pricing optimization, and increased utilization of clinics and salons. More Info. 4) PREMIUM EUROPEAN SUMMER CAMP PLATFORM Project Alpine: 50+ years, 350,000 alumni, and participants from 60 countries. FY26F: US$7.2M revenue / $1.2M EBITDA. Buyer value: brand equity, high-margin enrollments, multi-country programming, and repeat/cross-sell potential across channels. Growth levers include extended seasons, new locations, and structured partnerships. More Info 4) U.S. FOR-PROFIT K-12 BUYER (VOUCHER/ESA STATES) Global operator seeking acquisitions of for-profit day schools in voucher/ESA markets. Target: $500K–$5M EBITDA, strong academics, and clear growth. Flexible deal structures, including real estate options, are suitable for single sites or small groups. Priority: FL, TX, AZ, GA (plus IN, IA, OH, NC, UT, WV, AL, LA, OK, NH, TN). Confidential, founder-friendly, proven integration. More info 5) PROFITABLE TRANSPORT CANADA–APPROVED FTU + AVIATION CAREER COLLEGE (WESTERN CANADA) Scaled, asset-backed aviation training platform: Transport Canada–approved FTU within a provincially accredited career college with DLI and Student Aid eligibility. FY26F: $3.45M revenue, ~335 students, normalized EBITDA ~$910K (FY24–FY25F avg), expanding to ~$1.05M at 30%+ margins. Leased airside campus; 11-aircraft fleet (~$2.6M), simulator, and maintenance operations create a defensible regulatory/operating moat. More Info 6) PROFITABLE ACCREDITED SPECIAL EDUCATION PRIVATE SCHOOL + LEARNING SERVICES (SOUTHEASTERN U.S.) A profitable, established private school in the high-demand special education market, serving students with learning differences. An accredited elementary and middle day school is paired with a fee-based learning services program that earns year-round revenue beyond tuition. FY27F: ~$4.7M revenue and ~155 students, with normalized EBITDA of ~$470K (FY24-FY26 avg) growing to ~$560K at ~12% margins. The campus is leased, keeping the model asset-light, and the real estate may be available to acquire. Strong retention, exceptional parent satisfaction and state scholarship eligibility support durable enrollment, with clear upside in summer and specialist services. MORE INFO TO FOLLOW. More Opportunities Info FEATURED NEWS OUTCOMES FIRST GROUP EXPANDS INTO SPAIN WITH COLEGIO ARETEIA Spain becomes the first European country for OFG’s international expansion. Read more HCA HEALTHCARE ACQUIRES THE COLLEGE OF HEALTH CARE PROFESSIONS HCA Healthcare has completed the previously announced acquisition of CHCP. Read more IDP REJECTS $494M PRIVATE EQUITY TAKEOVER BID FROM BLACKSTONE  IDP Education has batted away a highly opportunistic multi-million dollar takeover bid. Read more ALSO IN THE NEWS ESS ANNOUNCES ACQUISITION OF HEYTUTOR Expanding K-12 Workforce Solutions with Tutoring and Academic Intervention Services. Read more DUKES EDUCATION ACQUIRES SECOND SCHOOL IN GERMANY Announcing a deal to secure Jules Verne Campus (JVC) in Munich. Read more 360TRAINING EXPANDS COMMERCIAL TRAINING PORTFOLIO WITH ATLANTIC TRAINING Atlantic Training, a provider of HR compliance, OSHA, and workplace safety training. Read more EIGHT UK PRIVATE SCHOOLS MERGE IN SIGNIFICANT DEAL One year since 8 leading UK private schools merged together in one of the most significant collaborations in the sector. Read more KYIP CAPITAL BUILDS TRAINING PLATFORM WITH SKILLA ACQUISITION Private equity firm Kyip Capital has acquired majority stakes in two Italian training companies. Read more ASCEND LEARNING ACQUIRES M7 HEALTH M7 Health joins Ascend brands StaffGarden and Laudio to create a connected workforce solution. Read more PHOENIX EDUCATION PARTNERS TO ACQUIRE FUEL50 Advancing the future of Workforce Transformation. Read more EC ENGLISH LANGUAGE CENTRES CLOSES ALL GLOBAL SCHOOLS Closing all its 25 language schools across seven destinations, effective immediately. Read more ILAC EDUCATION GROUP FILES FOR BANKRUPTCY; CEASES OPERATIONS ILAC cited significant regulatory changes affecting the sector. Read more HELPING LINKS ABOUT HEG’S M&A ADVISORY SERVICES Halladay Education Group (HEG) is a premier M&A advisory firm specializing exclusively in the private education sector across North America and internationally. With over 30 years of experience, HEG has successfully led the sale, acquisition, and recapitalization of a diverse range of educational institutions, including K-12 private schools, boarding and Montessori schools, early childhood centers, ESL programs, career colleges, and higher education platforms. We are a trusted advisor to private equity firms, institutional investors, operators, and family offices pursuing strategic growth, as well as school owners seeking full or partial exits. Backed by deep sector expertise, an extensive proprietary database of qualified buyers, and full-cycle transaction support, HEG has earned a reputation as one of the most active and respected firms in the field. To confidentially discuss your institution’s strategic options—whether a sale, merger, acquisition, or financing—and how emerging trends may impact your outlook, contact us at 1-800-687-1402. Please view our Corporate Brochure. info@halladayeducationgroup.com | 1-800-687-1492 | www.buyingandsellingschools.com View Our Brochure Contact Us View our Corporate Video Visit our website STAY CONNECTED Halladay Education Group Inc. | 4316 Arthur Drive | Delta, BC V4K 2W8 CA Unsubscribe | Update Profile | Constant Contact Data Notice

Email from Halladay Education Group Inc. Latest News & Updates: Outcomes First Group Expands into Spain with Colegio Areteia Volume 201 | October 1, 2026 Published By: Halladay Education Group Welcome To HEG’s Inner Circle eNews A Bi-Weekly Recap of Essential Reading For The Private School Sector PRIVATE SCHOOL SALES | VALUING YOUR SCHOOL | PRIVATE INQUIRIES Hello Douglas, Welcome to the 201st edition of HEG’s Inner Circle Private School eNews, where Halladay Education Group shares key insights into the latest investment activity shaping the global private education sector. HEG MARKET INTELLIGENCE The past two weeks produced two very different headlines. A hospital group bought a career college with more than 8,000 students. Within four days of each other, two of the best-known names in English language teaching stopped operating. Both headlines come down to where revenue comes from. Buyers are paying for programs tied to domestic demand and employer need. Models built on international student volume are being repriced by policy, and in some cases shut down by it. This cycle's acquirers are mostly filling gaps in what they already own. Healthcare employers want their own training pipeline. Education platforms are adding tutoring, scheduling, and workforce tools that sit next to the classroom. European groups keep crossing borders one school at a time. Owners should read this as a question about their own revenue mix. A buyer will ask how much of your enrollment depends on a visa, a cap, or a single recruitment market, and the answer will shape the price. Buyers will see distressed international assets come to market. The discount needs to reflect how quickly one policy change can reset a revenue base. Sellers will not always accept that math, as IDP's rejection of a private equity bid this month shows. At Halladay Education Group, we follow this across private schools, career colleges, language schools, and education platforms. If a sale or an acquisition is on your mind, write to info@HalladayEducationGroup.com and we will arrange a confidential 30-minute call. To Your Continued Success, Douglas Halladay | President, Halladay Education Group TF: +1.800.687.1492 | C: +1.604.868.0002 Email: info@halladayeducationgroup.com WeChat: dhalladay | WhatsApp: 604.868.0002 Please view our Corporate Brochure and our Corporate Video. FEATURED OPPORTUNITIES 1) NURSING & HEALTHCARE CAREER COLLEGE GROUP IN WESTERN CANADA REVIEWING OFFERS Market-leading, multi-campus healthcare education platform. FY25 anchors at $14.5M in revenue and $3.4M in EBITDA (23% margin), scaling asset-light to $19.3M and $5.9M by FY27F (30% margin), demonstrating strong earnings momentum and growth visibility. Programs include Practical Nursing (LPN) and allied health. Underwriting rests on: (i) approved programs with domestic financial-eligibility status, (ii) defensible practicum access, and (iii) predominantly domestic tuition revenues. More Info 2) MULTI-CAMPUS WESTERN CANADIAN HEALTH / WELLNESS / BEAUTY CAREER COLLEGE PLATFORM REVIEWING OFFERS Scaled multi-campus Western Canadian career college group with substantial healthcare exposure and FY26F projected EBITDA of about $2.6M on $6.6M of revenue. The platform combines domestic demand, practical employer-aligned training, and a capacity-ready multi-campus footprint that supports further margin expansion. Growth opportunities include adding cohorts, selective program expansion, pricing optimization, and increased utilization of clinics and salons. More Info. 4) PREMIUM EUROPEAN SUMMER CAMP PLATFORM Project Alpine: 50+ years, 350,000 alumni, and participants from 60 countries. FY26F: US$7.2M revenue / $1.2M EBITDA. Buyer value: brand equity, high-margin enrollments, multi-country programming, and repeat/cross-sell potential across channels. Growth levers include extended seasons, new locations, and structured partnerships. More Info 4) U.S. FOR-PROFIT K-12 BUYER (VOUCHER/ESA STATES) Global operator seeking acquisitions of for-profit day schools in voucher/ESA markets. Target: $500K–$5M EBITDA, strong academics, and clear growth. Flexible deal structures, including real estate options, are suitable for single sites or small groups. Priority: FL, TX, AZ, GA (plus IN, IA, OH, NC, UT, WV, AL, LA, OK, NH, TN). Confidential, founder-friendly, proven integration. More info 5) PROFITABLE TRANSPORT CANADA–APPROVED FTU + AVIATION CAREER COLLEGE (WESTERN CANADA) Scaled, asset-backed aviation training platform: Transport Canada–approved FTU within a provincially accredited career college with DLI and Student Aid eligibility. FY26F: $3.45M revenue, ~335 students, normalized EBITDA ~$910K (FY24–FY25F avg), expanding to ~$1.05M at 30%+ margins. Leased airside campus; 11-aircraft fleet (~$2.6M), simulator, and maintenance operations create a defensible regulatory/operating moat. More Info 6) PROFITABLE ACCREDITED SPECIAL EDUCATION PRIVATE SCHOOL + LEARNING SERVICES (SOUTHEASTERN U.S.) A profitable, established private school in the high-demand special education market, serving students with learning differences. An accredited elementary and middle day school is paired with a fee-based learning services program that earns year-round revenue beyond tuition. FY27F: ~$4.7M revenue and ~155 students, with normalized EBITDA of ~$470K (FY24-FY26 avg) growing to ~$560K at ~12% margins. The campus is leased, keeping the model asset-light, and the real estate may be available to acquire. Strong retention, exceptional parent satisfaction and state scholarship eligibility support durable enrollment, with clear upside in summer and specialist services. MORE INFO TO FOLLOW. More Opportunities Info FEATURED NEWS OUTCOMES FIRST GROUP EXPANDS INTO SPAIN WITH COLEGIO ARETEIA Spain becomes the first European country for OFG’s international expansion. Read more HCA HEALTHCARE ACQUIRES THE COLLEGE OF HEALTH CARE PROFESSIONS HCA Healthcare has completed the previously announced acquisition of CHCP. Read more IDP REJECTS $494M PRIVATE EQUITY TAKEOVER BID FROM BLACKSTONE  IDP Education has batted away a highly opportunistic multi-million dollar takeover bid. Read more ALSO IN THE NEWS ESS ANNOUNCES ACQUISITION OF HEYTUTOR Expanding K-12 Workforce Solutions with Tutoring and Academic Intervention Services. Read more DUKES EDUCATION ACQUIRES SECOND SCHOOL IN GERMANY Announcing a deal to secure Jules Verne Campus (JVC) in Munich. Read more 360TRAINING EXPANDS COMMERCIAL TRAINING PORTFOLIO WITH ATLANTIC TRAINING Atlantic Training, a provider of HR compliance, OSHA, and workplace safety training. Read more EIGHT UK PRIVATE SCHOOLS MERGE IN SIGNIFICANT DEAL One year since 8 leading UK private schools merged together in one of the most significant collaborations in the sector. Read more KYIP CAPITAL BUILDS TRAINING PLATFORM WITH SKILLA ACQUISITION Private equity firm Kyip Capital has acquired majority stakes in two Italian training companies. Read more ASCEND LEARNING ACQUIRES M7 HEALTH M7 Health joins Ascend brands StaffGarden and Laudio to create a connected workforce solution. Read more PHOENIX EDUCATION PARTNERS TO ACQUIRE FUEL50 Advancing the future of Workforce Transformation. Read more EC ENGLISH LANGUAGE CENTRES CLOSES ALL GLOBAL SCHOOLS Closing all its 25 language schools across seven destinations, effective immediately. Read more ILAC EDUCATION GROUP FILES FOR BANKRUPTCY; CEASES OPERATIONS ILAC cited significant regulatory changes affecting the sector. Read more HELPING LINKS ABOUT HEG’S M&A ADVISORY SERVICES Halladay Education Group (HEG) is a premier M&A advisory firm specializing exclusively in the private education sector across North America and internationally. With over 30 years of experience, HEG has successfully led the sale, acquisition, and recapitalization of a diverse range of educational institutions, including K-12 private schools, boarding and Montessori schools, early childhood centers, ESL programs, career colleges, and higher education platforms. We are a trusted advisor to private equity firms, institutional investors, operators, and family offices pursuing strategic growth, as well as school owners seeking full or partial exits. Backed by deep sector expertise, an extensive proprietary database of qualified buyers, and full-cycle transaction support, HEG has earned a reputation as one of the most active and respected firms in the field. To confidentially discuss your institution’s strategic options—whether a sale, merger, acquisition, or financing—and how emerging trends may impact your outlook, contact us at 1-800-687-1402. Please view our Corporate Brochure. info@halladayeducationgroup.com | 1-800-687-1492 | www.buyingandsellingschools.com View Our Brochure Contact Us View our Corporate Video Visit our website STAY CONNECTED Halladay Education Group Inc. | 4316 Arthur Drive | Delta, BC V4K 2W8 CA Unsubscribe | Update Profile | Constant Contact Data Notice

Email from Halladay Education Group Inc. Latest News & Updates: Perdoceo Education Signs Definitive Agreement to Acquire South University Volume 200 | September 15, 2026 Published By: Halladay Education Group Welcome To HEG’s Inner Circle eNews A Bi-Weekly Recap of Essential Reading For The Private School Sector PRIVATE SCHOOL SALES | VALUING YOUR SCHOOL | PRIVATE INQUIRIES Hello Douglas, Welcome to the 200th edition of HEG’s Inner Circle Private School eNews, where Halladay Education Group shares key insights into the latest investment activity shaping the global private education sector. HEG MARKET INTELLIGENCE This is the 200th edition of the Inner Circle, and the fortnight it covers is a fair snapshot of the market. Groups moved into new countries on two continents. A language school operator with 25 campuses closed all of them after it could not raise the money to continue. Both are the same story. There is capital in this sector, but it is pointed at fewer people. What active buyers want is a platform. They are entering markets where they already know the management, paying for it in part by selling campuses that no longer fit. More of the price is going behind post-closing earnings targets rather than onto the table at signing. Owners should take the structure point seriously. The gap between headline price and what reaches your account is decided long before the LOI, by the quality of your reporting and whether the school holds together without you. Buyers still have room in turnarounds. The underpriced risk is time. One approval in this cycle ran past two years. At Halladay Education Group, we follow this across private schools, career colleges, language schools, and education platforms. If a sale or an acquisition is on your mind, write to info@HalladayEducationGroup.com and we will arrange a confidential 30-minute call. Featured opportunities follow in this edition. To Your Continued Success, Douglas Halladay | President, Halladay Education Group TF: +1.800.687.1492 | C: +1.604.868.0002 Email: info@halladayeducationgroup.com WeChat: dhalladay | WhatsApp: 604.868.0002 Please view our Corporate Brochure and our Corporate Video. FEATURED OPPORTUNITIES 1) NURSING & HEALTHCARE CAREER COLLEGE GROUP IN WESTERN CANADA REVIEWING OFFERS Market-leading, multi-campus healthcare education platform. FY25 anchors at $14.5M in revenue and $3.4M in EBITDA (23% margin), scaling asset-light to $19.3M and $5.9M by FY27F (30% margin), demonstrating strong earnings momentum and growth visibility. Programs include Practical Nursing (LPN) and allied health. Underwriting rests on: (i) approved programs with domestic financial-eligibility status, (ii) defensible practicum access, and (iii) predominantly domestic tuition revenues. More Info 2) MULTI-CAMPUS WESTERN CANADIAN HEALTH / WELLNESS / BEAUTY CAREER COLLEGE PLATFORM REVIEWING OFFERS Scaled multi-campus Western Canadian career college group with substantial healthcare exposure and FY26F projected EBITDA of about $2.6M on $6.6M of revenue. The platform combines domestic demand, practical employer-aligned training, and a capacity-ready multi-campus footprint that supports further margin expansion. Growth opportunities include adding cohorts, selective program expansion, pricing optimization, and increased utilization of clinics and salons. More Info. 4) PREMIUM EUROPEAN SUMMER CAMP PLATFORM Project Alpine: 50+ years, 350,000 alumni, and participants from 60 countries. FY26F: US$7.2M revenue / $1.2M EBITDA. Buyer value: brand equity, high-margin enrollments, multi-country programming, and repeat/cross-sell potential across channels. Growth levers include extended seasons, new locations, and structured partnerships. More Info 4) U.S. FOR-PROFIT K-12 BUYER (VOUCHER/ESA STATES) Global operator seeking acquisitions of for-profit day schools in voucher/ESA markets. Target: $500K–$5M EBITDA, strong academics, and clear growth. Flexible deal structures, including real estate options, are suitable for single sites or small groups. Priority: FL, TX, AZ, GA (plus IN, IA, OH, NC, UT, WV, AL, LA, OK, NH, TN). Confidential, founder-friendly, proven integration. More info 5) PROFITABLE TRANSPORT CANADA–APPROVED FTU + AVIATION CAREER COLLEGE (WESTERN CANADA) Scaled, asset-backed aviation training platform: Transport Canada–approved FTU within a provincially accredited career college with DLI and Student Aid eligibility. FY26F: $3.45M revenue, ~335 students, normalized EBITDA ~$910K (FY24–FY25F avg), expanding to ~$1.05M at 30%+ margins. Leased airside campus; 11-aircraft fleet (~$2.6M), simulator, and maintenance operations create a defensible regulatory/operating moat. More Info More Opportunities Info FEATURED NEWS PERDOCEO EDUCATION SIGNS AGREEMENT TO ACQUIRE SOUTH UNIVERSITY It has entered into a definitive agreement to acquire 100% of the membership interests. Read more FAST-GROWING PUBLIC CHARITY MAKES FIRST K-12 ACQUISITION OF WAYFINDER Bringing future-ready skills to nearly 5,000 schools and 1.5 million students. Read more TAYLOR'S SCHOOLS EXPANDS INTO THAILAND WITH FOUR-SCHOOL DEAL  Has acquired St Andrews International School campuses from Cognita; 'more to come’. Read more ALSO IN THE NEWS PATHLIGHT LEARNING ACQUIRES FOUR PRIMROSE SCHOOLS IN OMAHA Taurus Capital Partners–backed franchisee on a path to 18 Primrose schools across six markets. Read more SUPERPROF ACQUIRES TUTORS.COM Becomes the Number One Tutoring Platform in the United States. Read more ED APPROVES BAY PATH ACQUISITION OF CAMBRIDGE COLLEGE Bay Path University has formally completed its integration of Cambridge College. Read more BEAL UNIVERSITY CANADA IS NOW PART OF YORKVILLE UNIVERSITY Equipping forward-looking individuals with real-world skills for careers in high-demand nursing fields. Read more ACADEMEDIA ACQUIRES POLISH PRESCHOOL GROUP KIDS&CO AcadeMedia has signed an agreement to acquire all shares in KIDS&Co. Read more SACRAMENTO'S GUIDEWELL ACQUIRES MIAMI-BASED BLUE IVY COACHING Has been growing through a string of acquisitions following growth investments from private equity firms. Read more CEDAR CREST ACADEMY JOINS INTERNATIONAL SCHOOLS PARTNERSHIP Located across Seattle’s Eastside in Washington, to the ISP global community. Read more MINERVA PROJECT LAUNCHES GLOBAL UNIVERSITY SYSTEM TO SCALE HE MODEL With governments, philanthropists and existing institutions invited to establish new member universities. Read more EC ENGLISH CLOSES ALL GLOBAL SCHOOLS Closing all its 25 language schools across seven destinations, effective immediately. Read more HELPING LINKS ABOUT HEG’S M&A ADVISORY SERVICES Halladay Education Group (HEG) is a premier M&A advisory firm specializing exclusively in the private education sector across North America and internationally. With over 30 years of experience, HEG has successfully led the sale, acquisition, and recapitalization of a diverse range of educational institutions, including K-12 private schools, boarding and Montessori schools, early childhood centers, ESL programs, career colleges, and higher education platforms. We are a trusted advisor to private equity firms, institutional investors, operators, and family offices pursuing strategic growth, as well as school owners seeking full or partial exits. Backed by deep sector expertise, an extensive proprietary database of qualified buyers, and full-cycle transaction support, HEG has earned a reputation as one of the most active and respected firms in the field. To confidentially discuss your institution’s strategic options—whether a sale, merger, acquisition, or financing—and how emerging trends may impact your outlook, contact us at 1-800-687-1402. Please view our Corporate Brochure. info@halladayeducationgroup.com | 1-800-687-1492 | www.buyingandsellingschools.com View Our Brochure Contact Us View our Corporate Video Visit our website STAY CONNECTED Halladay Education Group Inc. | 4316 Arthur Drive | Delta, BC V4K 2W8 CA Unsubscribe | Update Profile | Constant Contact Data Notice

Email from Halladay Education Group Inc. Latest News & Updates: Dublin Business School in $125.5M Deal Volume 198 | August 15, 2026 Published By: Halladay Education Group Welcome To HEG’s Inner Circle eNews A Bi-Weekly Recap of Essential Reading For The Private School Sector PRIVATE SCHOOL SALES | VALUING YOUR SCHOOL | PRIVATE INQUIRIES Hello Douglas, Welcome to the 198th edition of HEG’s Inner Circle Private School eNews, where Halladay Education Group shares key insights into the latest investment activity shaping the global private education sector. HEG MARKET INTELLIGENCE The market's message this cycle is consistent: capital keeps moving into private education, and it favours scale over one-off deals. Recent transactions highlight the importance of platform-building, cross-border expansion, and a widening appetite for education-adjacent services. Well-capitalized groups are consolidating school networks and career college brands rather than buying single assets. Cross-border buyers, notably Chinese and Brazil-focused investors, are paying up for established institutions in premium markets. Larger operators are shedding non-core schools to sharpen focus, while capital increasingly follows technology and services around the classroom, from AI-native learning to student housing. For owners, the takeaway is straightforward: buyers are paying for scale, brand, and a clean growth story, not potential alone. Clean financials, leadership depth, and a credible expansion plan separate a premium outcome from an average one. For buyers, the best platforms are commanding full value. Discipline remains essential, and the most promising opportunities are where a turnaround thesis, not a lower multiple, can be confidently underwritten. This approach helps buyers feel assured about their strategic choices. At Halladay Education Group, we track these signals closely across private schools, career colleges, language schools, and education platforms to identify emerging opportunities and trends. If you are considering a sale, acquisition, or recapitalization, schedule a confidential 30-minute call with us to gain insights on current buyer criteria and how your institution compares. Reach out to us at info@HalladayEducationGroup.com. In this edition, you'll find our featured opportunities below. To Your Continued Success, Douglas Halladay | President, Halladay Education Group TF: +1.800.687.1492 | C: +1.604.868.0002 Email: info@halladayeducationgroup.com WeChat: dhalladay | WhatsApp: 604.868.0002 Please view our Corporate Brochure and our Corporate Video. FEATURED OPPORTUNITIES 1) NURSING & HEALTHCARE CAREER COLLEGE GROUP IN WESTERN CANADA REVIEWING OFFERS Market-leading, multi-campus healthcare education platform. FY25 anchors at $14.5M in revenue and $3.4M in EBITDA (23% margin), scaling asset-light to $19.3M and $5.9M by FY27F (30% margin), demonstrating strong earnings momentum and growth visibility. Programs include Practical Nursing (LPN) and allied health. Underwriting rests on: (i) approved programs with domestic financial-eligibility status, (ii) defensible practicum access, and (iii) predominantly domestic tuition revenues. More Info 2) MULTI-CAMPUS WESTERN CANADIAN HEALTH / WELLNESS / BEAUTY CAREER COLLEGE PLATFORM Scaled multi-campus Western Canadian career college group with substantial healthcare exposure and FY26F projected EBITDA of about $2.6M on $6.6M of revenue. The platform combines domestic demand, practical employer-aligned training, and a capacity-ready multi-campus footprint that supports further margin expansion. Growth opportunities include adding cohorts, selective program expansion, pricing optimization, and increased utilization of clinics and salons. More Info. 4) PREMIUM EUROPEAN SUMMER CAMP PLATFORM Project Alpine: 50+ years, 350,000 alumni, and participants from 60 countries. FY26F: US$7.2M revenue / $1.2M EBITDA. Buyer value: brand equity, high-margin enrollments, multi-country programming, and repeat/cross-sell potential across channels. Growth levers include extended seasons, new locations, and structured partnerships. More Info 4) U.S. FOR-PROFIT K-12 BUYER (VOUCHER/ESA STATES) Global operator seeking acquisitions of for-profit day schools in voucher/ESA markets. Target: $500K–$5M EBITDA, strong academics, and clear growth. Flexible deal structures, including real estate options, are suitable for single sites or small groups. Priority: FL, TX, AZ, GA (plus IN, IA, OH, NC, UT, WV, AL, LA, OK, NH, TN). Confidential, founder-friendly, proven integration. More info 5) PROFITABLE TRANSPORT CANADA–APPROVED FTU + AVIATION CAREER COLLEGE (WESTERN CANADA) Scaled, asset-backed aviation training platform: Transport Canada–approved FTU within a provincially accredited career college with DLI and Student Aid eligibility. FY26F: $3.45M revenue, ~335 students, normalized EBITDA ~$910K (FY24–FY25F avg), expanding to ~$1.05M at 30%+ margins. Leased airside campus; 11-aircraft fleet (~$2.6M), simulator, and maintenance operations create a defensible regulatory/operating moat. More Info More Opportunities Info FEATURED NEWS DUBLIN BUSINESS SCHOOL IN $125.5 MILLION DEAL China Chunlai Education Group is set to acquire Dublin Business School from Kaplan. Read more IMARTICUS LEARNING ACQUIRES SINGAPORE-BASED BELLS INSTITUTE Brings together two institutions focused on education and workforce development. Read more ASCEND LEARNING ACQUIRES TAMS TO STRENGTHEN FACULTY OPS New addition helps nursing programs staff smarter and teach more. Read more ALSO IN THE NEWS KENT COMPLETES LANDMARK 'SUPER-UNIVERSITY' MERGER WITH GREENWICH Marking the legal formation of the London and South East University Group – to be known as LASE. Read more HSU AND CICM CONFIRM COMPLETION OF MERGER Health Sciences University and the College of Integrated Chinese Medicine announce a significant milestone. Read more SOUTH FLORIDA DRAGON FLIGHT TRAINING ACQUIRED BY ALPHA-TECH AVIATION SERVICES Acquisition preserves a Pembroke Pines aviation business while supporting continued pilot training in Broward County. Read more COURSERA MAKES $100M STRATEGIC INVESTMENT IN LEARNVECTOR The investment is intended to advance Coursera’s AI strategy. Read more FOREIGN GROUPS ACCELERATE PUSH INTO BRAZIL'S PREMIUM SCHOOL MARKET International operators are buying elite bilingual schools as consolidation accelerates in private education. Read more CORE SPACES CLOSES $1.64B STUDENT HOUSING FUND Core Spaces has closed its latest flagship student housing fund from global investors. Read more IMAGINE LEARNING ACQUIRES WAYSIDE PUBLISHING TO ADVANCE WORLD LANGUAGE EDUCATION Acquisition strengthens Imagine Learning’s portfolio of high-quality instructional materials. Read more HELPING LINKS ABOUT HEG’S M&A ADVISORY SERVICES Halladay Education Group (HEG) is a premier M&A advisory firm specializing exclusively in the private education sector across North America and internationally. With over 30 years of experience, HEG has successfully led the sale, acquisition, and recapitalization of a diverse range of educational institutions, including K-12 private schools, boarding and Montessori schools, early childhood centers, ESL programs, career colleges, and higher education platforms. We are a trusted advisor to private equity firms, institutional investors, operators, and family offices pursuing strategic growth, as well as school owners seeking full or partial exits. Backed by deep sector expertise, an extensive proprietary database of qualified buyers, and full-cycle transaction support, HEG has earned a reputation as one of the most active and respected firms in the field. To confidentially discuss your institution’s strategic options—whether a sale, merger, acquisition, or financing—and how emerging trends may impact your outlook, contact us at 1-800-687-1402. Please view our Corporate Brochure. info@halladayeducationgroup.com | 1-800-687-1492 | www.buyingandsellingschools.com View Our Brochure Contact Us View our Corporate Video Visit our website STAY CONNECTED Halladay Education Group Inc. | 4316 Arthur Drive | Delta, BC V4K 2W8 CA Unsubscribe | Update Profile | Constant Contact Data Notice