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Welcome To HEG’s Inner Circle eNews
A Bi-Weekly Recap of Essential Reading For The Private School Sector
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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.
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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
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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.
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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
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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
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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
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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.
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OUTCOMES FIRST GROUP EXPANDS INTO SPAIN WITH COLEGIO ARETEIA
Spain becomes the first European country for OFG’s international expansion.
Read more
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HCA HEALTHCARE ACQUIRES THE COLLEGE OF HEALTH CARE PROFESSIONS
HCA Healthcare has completed the previously announced acquisition of CHCP.
Read more
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IDP REJECTS $494M PRIVATE EQUITY TAKEOVER BID FROM BLACKSTONE
IDP Education has batted away a highly opportunistic multi-million dollar takeover bid.
Read more
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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.
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360TRAINING EXPANDS COMMERCIAL TRAINING PORTFOLIO WITH ATLANTIC TRAINING
Atlantic Training, a provider of HR compliance, OSHA, and workplace safety training.
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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.
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KYIP CAPITAL BUILDS TRAINING PLATFORM WITH SKILLA ACQUISITION
Private equity firm Kyip Capital has acquired majority stakes in two Italian training companies.
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ASCEND LEARNING ACQUIRES M7 HEALTH
M7 Health joins Ascend brands StaffGarden and Laudio to create a connected workforce solution.
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PHOENIX EDUCATION PARTNERS TO ACQUIRE FUEL50
Advancing the future of Workforce Transformation.
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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
| | 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
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