Email from Halladay Education Group Inc. Latest News & Updates: Blenheim Schools Buys London’s Mount House School Volume 181 | December 1, 2025 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 181st 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 INSIGHTS The deals featured in today’s newsletter reflect the ongoing stories we've been tracking—Blenheim Schools acquiring Mount House in London, LearnUpon taking over Courseau, Blackbaud purchasing SchoolBI, and Physics Wallah's successful IPO in India. These aren't random transactions; they demonstrate strategic capital moving toward differentiated education platforms with solid operations and smart tech integration. Meanwhile, across the U.S., Canada, and globally, independent school leaders and boards are engaging in more open discussions about whether joining a larger group is worthwhile, as they face tighter margins, increased regulatory demands, and uncertain succession plans. We monitor these trends not just as headlines but as strategic insights that help school owners understand their institutions' position in the market and how to maximize value when the time is right. Whether you're considering a transaction within the next 12-24 months or simply want to understand how buyers evaluate schools like yours, positioning and timing are vital to capturing full value and avoiding leaving money on the table. In this edition of HEG Insights, we explain what these market shifts mean for independent school owners and investors, and how our specialized private school M&A practice assists clients in choosing the right timing, structure, and buyers so that a transaction supports your school's mission for years to come. If you are thinking about a sale, forming a group, or pursuing targeted acquisitions, now is a great time to prepare for premium results. Contact Halladay Education Group for a confidential consultation. Reach out to us for a discreet discussion. 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  REPUTABLE & PROFITABLE K-12 DAY & INTERNATIONAL BOARDING SCHOOL Eastern Canada: Established co-ed private school with 300+ students, a 50-year legacy, and nearly 100% university placement. Generating $9.2M revenue and $3M adjusted EBITDAR (AY26), with 63% enrollment growth potential on a multi-site urban campus. More Info. PREMIER CANADIAN FILM & DIGITAL ARTS COLLEGE - REVIEWING OFFERS Recognized as a premier institution for creative media education in Canada, offering cutting-edge programs designed and taught by award-winning industry professionals. More Info. FAST-GROWING CANADIAN POST-SECONDARY HEALTHCARE-FOCUSED NETWORK Established career college group with +20 campuses across 9 cities, with FY25 $37M revenue and $11M adjusted EBITDA—delivering career-aligned programs with 94% focused on high-demand occupations primarily in healthcare. 100% domestic student base, strong cash flow, and significant growth potential through organic expansion and targeted acquisitions. More Info. ACCREDITED CANADIAN DESIGN SCHOOL WITH STRONG FINANCIALS A leading career college in fashion, interior, and technical design, this accredited institution boasts a 98% domestic enrollment rate, modular hybrid programs, and rising course registrations. With revenue forecasted to exceed $2M and EBITDA projected at $615K by 2028, it presents a turnkey opportunity for strategic buyers seeking growth in the creative education sector. More Info. MARKET-LEADING CANADIAN MASSAGE THERAPY COLLEGE - REVIEWING OFFERS One of Western Canada’s most established and profitable massage therapy colleges, with 30+ years of operations and a nationally recognized track record of graduate success. Forecast FY2025 revenue of $2M and EBITDA of C$380K (18% margin), scaling to $2.7M and C$771K (29%) by FY2028. With 100% domestic enrollment, regulatory protection, and a trusted brand, it offers a cash-flow positive, recession-resilient platform with 2x EBITDA growth potential. More Info. PREMIUM EUROPEAN SUMMER CAMP PLATFORM - REVIEWING OFFERS With over five decades of operations and 350,000 alumni from 60 countries, Project Alpine is a leader in Europe’s premium summer camp sector. Forecasting FY2026 revenue of USD $7.2M and EBITDA of $1.2M, it combines strong brand equity, high-margin enrollments, and multi-channel programming. The platform offers investors a scalable, asset-backed opportunity with durable cash flows and clear growth potential. More Info. U.S. FOR-PROFIT K-12 BUYER | VOUCHER/ESA STATES Global K-12 operator seeking acquisitions of private for-profit day schools in voucher/ESA markets, with flexible deal and real estate structures. Targets include schools with $500K–$5M EBITDA, strong academics, and clear growth potential; suitable for single-site or small groups. Priority regions are FL, TX, AZ, GA; also IN, IA, OH, NC, UT, WV, AL, LA, OK, NH, and TN. The process is confidential, with founder-friendly terms and proven integration. More info. Contact us for confidential details. FEATURED NEWS BLENHEIM SCHOOLS BUYS LONDON'S MOUNT HOUSE SCHOOL  schoolmanagementplus.com Mount House School in Barnet will become part of Outcomes First Group... Read more HH GROUP EXPANDS NATIONAL STUDENT HOUSING PROGRAM businessinsider.com With Strategic Yale University Acquisition, the transaction marks continued growth in high-barrier... Read more INSPIRED EDUCATION GROUP EXPANDS PRESENCE IN MEXICO inspirededu.com The acquisition of Picacho McGregor School offers significant opportunities for families in Mexico... Read more ALSO IN THE NEWS PHYSICS WALLAH ENJOYS A ROSY IPO DAY Bucking the broader slowdown in Indian edtech ...Read more LEARNUPON ACQUIRES AI LEARNING CREATION PLATFORM COURSEAU The acquisition builds on LearnUpon’s continued commitment to innovation and its vision ...Read more CELEBRATING SCHOOLBI'S ACQUISITION BY BLACKBAUD I’m thrilled to share and celebrate that our incredible York IE Labs client, SchoolBI, has ...Read more SURVEY: INTERNATIONAL STUDENTS ARE MOVING AWAY FROM U.S. COLLEGES Toward institutions in Europe and Asia ...Read more GOLD&S ACQUIRES SIWON SCHOOL EDUCATION DIVISION FROM SJW INTERNATIONAL For 5 billion won English education corporations GOLD&S will acquire the education business ...Read more KENT COLLEGE SPLITS, RUGBY SCHOOL DXB ARRIVES What happens to our children now? ...Read more 'THE PROS OUTWEIGH THE CONS' - HEADS URGE SCHOOLS TO JOIN GROUP Independent school mergers take hard work and patience, heads say - but they can be worth it ...Read more A MILESTONE FOR EDUCATION IN THE MIDDLE EAST Our Middle East region has signed a landmark MoU with ROSHN Real Estate Group ...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: Inspired Education enters Canada with Newton's Grove School Volume 180 | November 15, 2025 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 180th 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 INSIGHTS The private education M&A landscape is revealing key value signals that savvy owners and investors cannot afford to overlook. Recent transactions tell a compelling story: Upgrad's acquisition of Unacademy at roughly 90% below its peak valuation demonstrates how quickly ed-tech multiples can collapse when growth projections do not materialize. Conversely, Spartan Education Group's purchase of Aviator Air Flight School shows continued interest in skill-based training platforms, while Edmentum's acquisition of MajorClarity indicates the premium buyers are willing to pay for comprehensive K-12 pathway solutions. Closer to home, Canadian private school enrolment in choice programs increased 25% year-over-year—a fundamental shift in demand that is reshaping competitive dynamics. These transactions highlight three key strategic imperatives: timing is crucial—exit windows close quickly when performance falls short of projections; integrated service models command higher valuation premiums as buyers seek comprehensive student lifecycle solutions; and regulatory trends like increased school choice provide significant advantages for well-placed operators. At Halladay Education Group, we focus solely on private education M&A because we understand what creates value in your market segment. Whether you're considering a strategic exit, exploring consolidation opportunities, or pursuing accretive acquisitions, our cross-border expertise in Canadian and U.S. regulatory environments, along with our proprietary buyer network, helps ensure you maximize transaction value when market conditions align with your goals. If you are thinking about a sale, forming a group, or pursuing targeted acquisitions, now is a great time to prepare for premium results. Contact Halladay Education Group for a confidential consultation. Reach out to us for a discreet discussion. 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  REPUTABLE & PROFITABLE K-12 DAY & INTERNATIONAL BOARDING SCHOOL Eastern Canada: Established co-ed private school with 300+ students, a 50-year legacy, and nearly 100% university placement. Generating $9.2M revenue and $3M adjusted EBITDAR (AY26), with 63% enrollment growth potential on a multi-site urban campus. More Info. PREMIER CANADIAN FILM & DIGITAL ARTS COLLEGE - REVIEWING OFFERS Recognized as a premier institution for creative media education in Canada, offering cutting-edge programs designed and taught by award-winning industry professionals. More Info. FAST-GROWING CANADIAN POST-SECONDARY HEALTHCARE-FOCUSED NETWORK Established career college group with +20 campuses across 9 cities, with FY25 $37M revenue and $11M adjusted EBITDA—delivering career-aligned programs with 94% focused on high-demand occupations primarily in healthcare. 100% domestic student base, strong cash flow, and significant growth potential through organic expansion and targeted acquisitions. More Info. ACCREDITED CANADIAN DESIGN SCHOOL WITH STRONG FINANCIALS A leading career college in fashion, interior, and technical design, this accredited institution boasts a 98% domestic enrollment rate, modular hybrid programs, and rising course registrations. With revenue forecasted to exceed $2M and EBITDA projected at $615K by 2028, it presents a turnkey opportunity for strategic buyers seeking growth in the creative education sector. More Info. MARKET-LEADING CANADIAN MASSAGE THERAPY COLLEGE One of Western Canada’s most established and profitable massage therapy colleges, with 30+ years of operations and a nationally recognized track record of graduate success. Forecast FY2025 revenue of $2M and EBITDA of C$380K (18% margin), scaling to $2.7M and C$771K (29%) by FY2028. With 100% domestic enrollment, regulatory protection, and a trusted brand, it offers a cash-flow positive, recession-resilient platform with 2x EBITDA growth potential. More Info. PREMIUM EUROPEAN SUMMER CAMP PLATFORM - REVIEWING OFFERS With over five decades of operations and 350,000 alumni from 60 countries, Project Alpine is a leader in Europe’s premium summer camp sector. Forecasting FY2026 revenue of USD $7.2M and EBITDA of $1.2M, it combines strong brand equity, high-margin enrollments, and multi-channel programming. The platform offers investors a scalable, asset-backed opportunity with durable cash flows and clear growth potential. More Info. U.S. FOR-PROFIT K-12 BUYER | VOUCHER/ESA STATES Global K-12 operator seeking acquisitions of private for-profit day schools in voucher/ESA markets, with flexible deal and real estate structures. Targets include schools with $500K–$5M EBITDA, strong academics, and clear growth potential; suitable for single-site or small groups. Priority regions are FL, TX, AZ, GA; also IN, IA, OH, NC, UT, WV, AL, LA, OK, NH, and TN. The process is confidential, with founder-friendly terms and proven integration. More info. Contact us for confidential details. FEATURED NEWS INSPIRED EDUCATION ENTERS CANADA WITH NEWTON'S GROVE SCHOOL  studytravel.network Global schools group Inspired Education has entered the Canadian market with the acquisition of a K-12... Read more UPGRAD IN TALKS TO ACQUIRE UNACADEMY FOR $300-320 MILLION economictimes.com Under the proposed structure, Unacademy shareholders will receive shares in Upgrad, valued at $2 billion... Read more SPARTAN EDUCATION GROUP ACQUIRES AVIATOR AIR FLIGHT SCHOOL spartan.edu Expanding Pilot Training Network SEG is proud to announce the acquisition of Aviator Air Flight School... Read more ALSO IN THE NEWS NEW ACQUISITION BY EDMENTUM CREATES COMPREHENSIVE PLATFORM To help students chart their path beyond high school ...Read more HOW PUBLICLY TRADED EDUCATION COMPANIES ARE PERFORMING We’re keeping track of companies’ profits, losses and strategies to monitor major developments ...Read more GENIUS GROUP ACQUIRES STAKE IN BALI EDUCATION PROJECTS FOR $7.1M Genius Group has acquired a 51% ownership stake in two Bali-based education projects ...Read more KEY POINT ACADEMY HAS JOINED THE AFFINITAS EDUCATION GROUP Marking an exciting new chapter for one of Miami’s most respected schools ...Read more TRIOS EDUCATION GROUP PARTNERS WITH DEVRY UNIVERSITY Partnership will provide IT students with a direct pathway to degree completion ...Read more LESSONS FROM A COLLEGE MERGER ON HIGHER EDUCATION'S NEXT CHAPTER Colleges that stay agile can withstand the shifting higher ed landscape and serve students better ...Read more PRIVATE SCHOOL CHOICE JUMPS 25% IN ONE YEAR States like Arkansas, Iowa, West Virginia and Florida are seeing sharp increases ...Read more BRITISH PRIVATE SCHOOLS CHASE NEW MONEY IN NEW YORK AND SINGAPORE Rugby School is steeped in over 400 years of history ...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: Yago School Sevilla Joins Affinitas Education Volume 179 | November 1, 2025 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 179th 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 INSIGHTS The past two weeks confirm what we're advising clients: well-capitalized operators remain selective, premium K-12 networks are expanding strategically in MENA, and private credit is becoming increasingly active in Asia. The transactions we're watching reflect three consistent buyer priorities—scale, quality, and regulatory resilience—which continue to support strong valuations. Recent deals highlight this focus. Cotulla Education acquired American Lineman College in California, adding utility-sector training to a portfolio that includes AIM, Centura College, and Tidewater Tech. The move emphasizes ongoing demand for skilled trades programs. In K-12, Inspired Education expanded its reach in the Middle East by acquiring Modern Montessori School in Amman, a high-quality operator. Nord Anglia's purchase of Etqan Global Academy in Qatar further boosts its presence in the Gulf region. Private equity and private credit sponsors are accelerating platform-and-build strategies across Asia's K-12, testing, and skills-training sectors, signalling confidence amid shifting policy landscapes. In corporate learning, Wall Street Prep, Financial Edge, and Euromoney Learning are merging to create a larger global provider—affirming the appeal of recurring-revenue professional training models. Lastly, Kean University and New Jersey City University's definitive merger to form Kean Jersey City demonstrates public-sector consolidation driven by operational efficiency. If you are thinking about a sale, forming a group, or pursuing targeted acquisitions, now is a great time to prepare for premium results. Contact Halladay Education Group for a confidential consultation. Reach out to us for a discreet discussion. 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  REPUTABLE & PROFITABLE K-12 DAY & INTERNATIONAL BOARDING SCHOOL - SIGNED LOI Eastern Canada: Established co-ed private school with 300+ students, a 50-year legacy, and nearly 100% university placement. Generating $9.2M revenue and $3M adjusted EBITDAR (AY26), with 63% enrollment growth potential on a multi-site urban campus. More Info. PREMIER CANADIAN FILM & DIGITAL ARTS COLLEGE - REVIEWING OFFERS Recognized as a premier institution for creative media education in Canada, offering cutting-edge programs designed and taught by award-winning industry professionals. More Info. FAST-GROWING CANADIAN POST-SECONDARY HEALTHCARE-FOCUSED NETWORK Established career college group with +20 campuses across 9 cities, with FY25 $37M revenue and $11M adjusted EBITDA—delivering career-aligned programs with 94% focused on high-demand occupations primarily in healthcare. 100% domestic student base, strong cash flow, and significant growth potential through organic expansion and targeted acquisitions. More Info. ACCREDITED CANADIAN DESIGN SCHOOL WITH STRONG FINANCIALS A leading career college in fashion, interior, and technical design, this accredited institution boasts a 98% domestic enrollment rate, modular hybrid programs, and rising course registrations. With revenue forecasted to exceed $2M and EBITDA projected at $615K by 2028, it presents a turnkey opportunity for strategic buyers seeking growth in the creative education sector. More Info. MARKET-LEADING CANADIAN MASSAGE THERAPY COLLEGE One of Western Canada’s most established and profitable massage therapy colleges, with 30+ years of operations and a nationally recognized track record of graduate success. Forecast FY2025 revenue of $2M and EBITDA of C$380K (18% margin), scaling to $2.7M and C$771K (29%) by FY2028. With 100% domestic enrollment, regulatory protection, and a trusted brand, it offers a cash-flow positive, recession-resilient platform with 2x EBITDA growth potential. More Info. PREMIUM EUROPEAN SUMMER CAMP PLATFORM - REVIEWING OFFERS With over five decades of operations and 350,000 alumni from 60 countries, Project Alpine is a leader in Europe’s premium summer camp sector. Forecasting FY2026 revenue of USD $7.2M and EBITDA of $1.2M, it combines strong brand equity, high-margin enrollments, and multi-channel programming. The platform offers investors a scalable, asset-backed opportunity with durable cash flows and clear growth potential. More Info. U.S. FOR-PROFIT K-12 BUYER | VOUCHER/ESA STATES Global K-12 operator seeking acquisitions of private for-profit day schools in voucher/ESA markets, with flexible deal and real estate structures. Targets include schools with $500K–$5M EBITDA, strong academics, and clear growth potential; suitable for single-site or small groups. Priority regions are FL, TX, AZ, GA; also IN, IA, OH, NC, UT, WV, AL, LA, OK, NH, and TN. The process is confidential, with founder-friendly terms and proven integration. More info. Contact us for confidential details. FEATURED NEWS YAGO SCHOOL SEVILLA JOINS AFFINITAS EDUCATION  studytravel.network Yago School, a day and boarding IB school in Seville, has joined the British-headquartered Affinitas Education network... Read more COTULLA EDUCATION ACQUIRES AMERICAN LINEMAN COLLEGE businesswire.com Marks its second skilled trade acquisition, reflecting a broader strategy to strengthen workforce.... Read more INSPIRED WELCOMES MMS TO ITS GLOBAL PREMIUM FAMILY OF SCHOOLS inspirededu.com Modern Montessori School is one of the leading and most established educational institutions in... Read more ALSO IN THE NEWS GEDU GROUP TO BECOME LARGEST FOREIGN EDUCATION INVESTOR IN INDIA It will become the largest foreign direct investor in Indian education ...Read more PRIVATE CREDIT AND PE FIRMS ARE TARGETING ASIA'S EDUCATION SECTOR: WHY NOW? The global education sector, valued at $7 trillion, has emerged as a compelling frontier ...Read more ETQAN GLOBAL ACADEMY JOINS NORD ANGLIA EDUCATION Etqan Global Academy, a leading bilingual school in Qatar ...Read more WEP ACQUIRES GERMAN AGENCY CAMPS INTERNATIONAL Agency and high school placement group WEP International has expanded with the ...Read more WALL STREET PREP, FINANCIAL EDGE, AND EUROMONEY LEARNING COMBINE Creating a global leader in financial training ...Read more PRIVATE UNIVERSITIES LAUNCHING IN SOUTH AFRICA FOR THE VERY FIRST TIME The Department of Higher Education and Training has promulgated a new policy for the ...Read more KEAN UNIVERSITY AND NJCU SIGN MERGER AGREEMENT TO LAUNCH KEAN JERSEY CITY Agreement advances the historic merger between the two state universities, expanding ...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. I’ll be on a Nov 4 M&A panel at CECU and at the BCCCA Career Ed Forum Nov 6. If you’re attending, let’s meet to discuss valuations, deal flow, and near-term opportunities. Halladay Education Group Travel Update HEG Will Be Attending Both The CECU Executive Summit Nov 3-5 & The BCCCA Conference Nov 6 In Vancouver, BC PRIVATE SCHOOL SALES | VALUING YOUR SCHOOL | PRIVATE INQUIRIES Hello Douglas, I'll be in Vancouver from November 3–6 for two key events in our post-secondary sector, and would welcome the chance to meet if you're attending either conference. Where I'll Be 2025 Executive Summit (CECU) November 3–5, 2025 | Douglas Hotel Conference Centre I'm speaking on the Private Equity Panel (Nov 4): "Trends, Challenges, and Opportunities for Leaders Across the U.S. and Canada" BCCCA Career Ed Forum November 6, 2025 | LaSalle College Vancouver Hosted by BCCCA and NACC, focusing on sector trends, AI and technology, student aid updates, and compliance standards. Let's Connect I'd be happy to discuss: Market outlook and current valuations M&A activity and deal flow Opportunities across the career college sector If you're attending or in the Vancouver area, reply to suggest a time. I'm available between sessions or after hours. For information about the schools we currently represent or HEG's M&A advisory services, please contact me directly. All discussions will remain confidential. 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  REPUTABLE & PROFITABLE K-12 DAY & INTERNATIONAL BOARDING SCHOOL - SIGNED LOI Eastern Canada: Established co-ed private school with 300+ students, a 50-year legacy, and nearly 100% university placement. Generating $9.2M revenue and $3M adjusted EBITDAR (AY26), with 63% enrollment growth potential on a multi-site urban campus. More Info. PREMIER CANADIAN FILM & DIGITAL ARTS COLLEGE - REVIEWING OFFERS Recognized as a premier institution for creative media education in Canada, offering cutting-edge programs designed and taught by award-winning industry professionals. More Info. FAST-GROWING CANADIAN POST-SECONDARY HEALTHCARE-FOCUSED NETWORK Established career college group with +20 campuses across 9 cities, with FY25 $37M revenue and $11M adjusted EBITDA—delivering career-aligned programs with 94% focused on high-demand occupations primarily in healthcare. 100% domestic student base, strong cash flow, and significant growth potential through organic expansion and targeted acquisitions. More Info. ACCREDITED CANADIAN DESIGN SCHOOL WITH STRONG FINANCIALS A leading career college in fashion, interior, and technical design, this accredited institution boasts a 98% domestic enrollment rate, modular hybrid programs, and rising course registrations. With revenue forecasted to exceed $2M and EBITDA projected at $615K by 2028, it presents a turnkey opportunity for strategic buyers seeking growth in the creative education sector. More Info. MARKET-LEADING CANADIAN MASSAGE THERAPY COLLEGE One of Western Canada’s most established and profitable massage therapy colleges, with 30+ years of operations and a nationally recognized track record of graduate success. Forecast FY2025 revenue of $2M and EBITDA of C$380K (18% margin), scaling to $2.7M and C$771K (29%) by FY2028. With 100% domestic enrollment, regulatory protection, and a trusted brand, it offers a cash-flow positive, recession-resilient platform with 2x EBITDA growth potential. More Info. PREMIUM EUROPEAN SUMMER CAMP PLATFORM - REVIEWING OFFERS With over five decades of operations and 350,000 alumni from 60 countries, Project Alpine is a leader in Europe’s premium summer camp sector. Forecasting FY2026 revenue of USD $7.2M and EBITDA of $1.2M, it combines strong brand equity, high-margin enrollments, and multi-channel programming. The platform offers investors a scalable, asset-backed opportunity with durable cash flows and clear growth potential. More Info. U.S. FOR-PROFIT K-12 BUYER | VOUCHER/ESA STATES Global K-12 operator seeking acquisitions of private for-profit day schools in voucher/ESA markets, with flexible deal and real estate structures. Targets include schools with $500K–$5M EBITDA, strong academics, and clear growth potential; suitable for single-site or small groups. Priority regions are FL, TX, AZ, GA; also IN, IA, OH, NC, UT, WV, AL, LA, OK, NH, and TN. The process is confidential, with founder-friendly terms and proven integration. More info. Contact us for confidential details. HELPING LINKS ABOUT HEG’S M&A ADVISORY SERVICES HEG is a premier M&A advisory firm specializing exclusively in private education across North America and internationally. With over 30 years of experience, we've successfully led transactions for K-12 private schools, boarding and Montessori schools, early childhood centers, ESL programs, career colleges, and higher education platforms. We serve private equity firms, institutional investors, operators, family offices, and school owners seeking strategic growth or exits. To confidentially discuss your institution's strategic options—sale, merger, acquisition, or financing—contact us directly. All discussions remain confidential and discreet. 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 Volume 178 | October 15, 2025 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 178th 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 INSIGHTS Capital continues to flow into education platforms as operators refine their growth strategies. Partners Group added CVC as a minority investor in the International Schools Partnership, which now serves over 110,000 students across 111 schools in 25 countries. ISP also acquired Colégio Vasco da Gama in Portugal, demonstrating consistent European bolt-on growth based on quality and local reputation. In the U.S., early childhood education is consolidating. Taurus Capital Partners acquired Pathlight Learning, a leading Primrose franchisee, highlighting sponsor interest in larger-scale preschool operators. In learning and upskilling, Riverside’s Wall Street Prep completed add-ons for Financial Edge and Euromoney Learning, and Accenture announced its acquisition of Aidemy, signalling ongoing demand for professional and AI-aligned training. A warning: U.S. international student arrivals reportedly decreased by 19% year over year in August, with a slowdown from India. Post-secondary institutions relying on international enrolments should hedge against visa and policy fluctuations and diversify their recruitment sources. If you are thinking about a sale, forming a group, or pursuing targeted acquisitions, now is a great time to prepare for premium results. Contact Halladay Education Group for a confidential consultation. Reach out to us for a discreet discussion. 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  REPUTABLE & PROFITABLE K-12 DAY & INTERNATIONAL BOARDING SCHOOL - SIGNED LOI Eastern Canada: Established co-ed private school with 300+ students, a 50-year legacy, and nearly 100% university placement. Generating $9.2M revenue and $3M adjusted EBITDAR (AY26), with 63% enrollment growth potential on a multi-site urban campus. More Info. PREMIER CANADIAN FILM & DIGITAL ARTS COLLEGE - REVIEWING OFFERS Recognized as a premier institution for creative media education in Canada, offering cutting-edge programs designed and taught by award-winning industry professionals. More Info. FAST-GROWING CANADIAN POST-SECONDARY HEALTHCARE-FOCUSED NETWORK Established career college group with +20 campuses across 9 cities, with FY25 $37M revenue and $11M adjusted EBITDA—delivering career-aligned programs with 94% focused on high-demand occupations primarily in healthcare. 100% domestic student base, strong cash flow, and significant growth potential through organic expansion and targeted acquisitions. More Info. ACCREDITED CANADIAN DESIGN SCHOOL WITH STRONG FINANCIALS A leading career college in fashion, interior, and technical design, this accredited institution boasts a 98% domestic enrollment rate, modular hybrid programs, and rising course registrations. With revenue forecasted to exceed $2M and EBITDA projected at $615K by 2028, it presents a turnkey opportunity for strategic buyers seeking growth in the creative education sector. More Info. MARKET-LEADING CANADIAN MASSAGE THERAPY COLLEGE One of Western Canada’s most established and profitable massage therapy colleges, with 30+ years of operations and a nationally recognized track record of graduate success. Forecast FY2025 revenue of $2M and EBITDA of C$380K (18% margin), scaling to $2.7M and C$771K (29%) by FY2028. With 100% domestic enrollment, regulatory protection, and a trusted brand, it offers a cash-flow positive, recession-resilient platform with 2x EBITDA growth potential. More Info. PREMIUM EUROPEAN SUMMER CAMP PLATFORM - REVIEWING OFFERS With over five decades of operations and 350,000 alumni from 60 countries, Project Alpine is a leader in Europe’s premium summer camp sector. Forecasting FY2026 revenue of USD $7.2M and EBITDA of $1.2M, it combines strong brand equity, high-margin enrollments, and multi-channel programming. The platform offers investors a scalable, asset-backed opportunity with durable cash flows and clear growth potential. More Info. U.S. FOR-PROFIT K-12 BUYER | VOUCHER/ESA STATES Global K-12 operator seeking acquisitions of private for-profit day schools in voucher/ESA markets, with flexible deal and real estate structures. Targets include schools with $500K–$5M EBITDA, strong academics, and clear growth potential; suitable for single-site or small groups. Priority regions are FL, TX, AZ, GA; also IN, IA, OH, NC, UT, WV, AL, LA, OK, NH, and TN. The process is confidential, with founder-friendly terms and proven integration. More info. Contact us for confidential details. FEATURED NEWS PARTNERS GROUP AND CVC AGREE TO PARTNERSHIP  cvc.coma Partnership to drive next phase of growth at International Schools Partnership, a leading global K-12... Read more TAURUS CAPITAL ACQUIRES PATHLIGHT LEARNING businesswire.com Taurus partnered with existing management to form and recapitalize Pathlight.... Read more WELCOMING COLEGIO VASCA DA GAMA TO ISP internationalschools.com CVG in Sintra, Portugal, has joined ISP, a growing community of 111 schools... Read more ALSO IN THE NEWS DATE SET FOR SOUTH AFRICAN BILLIONAIRE'S DEAL TO BUY PRIVATE SCHOOL Jannie Mouton’s foundation looks set to acquire JSE-listed Curro for R7.2 billion ...Read more PRIVATE SCHOOL SOLD TO INDEPENDENT EDUCATION GROUP The Royal Hospital School in Holbrook, Suffolk, where fees range from ...Read more RIVERSIDE SCORES STRAIGHT A'S WITH FINANCIAL EDGE & EUROMONEY LEARNING Riverside Company, a global private investment firm focused on the smaller end of the middle market ...Read more ACCENTURE TO ACQUIRE AIDEMY AFTER COMPLETING TENDER OFFER Integrating Aidemy into Accenture will further strengthen LearnVantage ...Read more NC COLLEGE MERGER PLAN STIRS WORRY Elon alumni for group to criticize proposal ...Read more EUROPEANS PRIVATE SCHOOLS REPORT SURGE IN INTEREST FROM WEALTHY BRITISH PARENTS 'We’ve been inundated': VAT on school fees has led to a rise in overseas interest ...Read more BRITAIN IS BEING DISPOSED AS PRIVATE SCHOOL CAPITAL OF EUROPE Families find the UK no longer has a monopoly on world-class education ...Read more INTERNATIONAL STUDENT ARRIVALS TO THE US FALL Nearly 20% fewer international students arrived in the US this August ...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. Confidential outreach to private K-12 owners. For-profit targets in voucher/ESA states. Founder-friendly terms. PRIVATE SCHOOL SALES | VALUING YOUR SCHOOL | PRIVATE INQUIRIES Motivated Buyer Seeking U.S. For-Profit K-12 Private Schools Sell Your U.S. Private K-12 School To A Proven, Mission-Aligned Buyer Ready to Retire, Transition, or Scale? Hello Douglas, Halladay Education Group (HEG) represents a global K-12 operator actively seeking to acquire for-profit private schools across the United States, with priority on voucher/ESA states. Our process is confidential and efficient from the first call to close. Why Owners Engage HEG Protect your legacy with a buyer who respects your mission and community Monetize your life’s work with flexible, founder-friendly terms Ensure continuity for students, families, and staff through a well-planned transition Access growth capital and operating expertise to strengthen the school’s future Who Should Contact Us Owners and founders who are: Planning retirement or succession within 1–2 years Operating in voucher/ESA states with untapped enrollment potential Ready for a confidential discussion about maximizing value What Our Client Is Acquiring School Profile Type: For-profit K-12 private day schools (single-site or small groups) Financials: Preferred $500K–$5M+ EBITDA; smaller schools considered where voucher/ESA or strategic fit supports scale Programs: College-prep, STEM, specialty models, and schools serving international students Real Estate Preference: Business-only acquisitions (without real estate) Flexible Options: OpCo/PropCo, sale-leaseback, or long-term lease can be considered where this supports long-term school operations Transaction Structures Full equity purchase preferred Cash at close with seller note and earn-out considered Founder transitional leadership roles available Non-Targets We are not pursuing franchises or schools controlled by large operators Priority Geographic Markets Phase 1 (immediate focus): Florida, Texas, Arizona, Georgia Phase 2 (expanding pipeline): Indiana, Iowa, Ohio, North Carolina, Utah, West Virginia, Alabama, Louisiana, Oklahoma, New Hampshire, Tennessee Voucher/ESA Screen: We profile each opportunity for program type, per-pupil amounts, participation status, and compliance lift to quantify affordability and growth. Our Process (Confidential and Efficient) Initial consultation — confidential review of your goals and school profile Pricing and positioning — assess financials, voucher readiness, and market opportunity Qualified buyer introduction — direct dialogue with a mission-aligned acquirer Click HERE for more details about our client's acquisition profile. Next Step If you would like to explore this opportunity further, please don't hesitate to contact us for more information. All discussions are handled with confidentiality. 📞 Call us toll-free at +1.800.687.1492 📧 Email info@halladayeducationgroup.com 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 Helpful 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 school’s options or learn how market trends may impact your strategy, contact us at 1-800-687-1492 or info@halladayeducationgroup.com. info@halladayeducationgroup.com | TF: 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