Email from Halladay Education Group Inc.

Volume 183 | January 1, 2026

Published By: Halladay Education Group

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,

Happy New Year



Happy New Year!


As we begin 2026, I want to thank you for your continued partnership and trust. May this year bring you growth, success, and new opportunities in your educational endeavors.


Welcome to the 183rd 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

Recent deal flow tells a consistent story: capital is moving toward scaled platforms with strong brands, predictable revenue, and proven operating models. Cognita's acquisition of Liceo Sorolla expanded their Spanish footprint in a key market. ISP's purchase of Collage Day School in Florida shows that premium operators with differentiated programs and strong assets remain highly attractive—especially when they can integrate into a larger platform. In the UK, Blenheim Schools added Mount House School for similar reasons. Smaller independents are increasingly seeking the stability and resources that come with platform ownership.


Meanwhile, education M&A is expanding beyond traditional K-12. The Coursera-Udemy combination, valued at roughly $2.5B, reflects consolidation in lifelong learning as demand grows for enterprise upskilling and AI-driven training. Reducate's purchase of UK-based Learna—with 1,500+ active learners and university partnerships—shows buyers are paying for proven outcomes and defensible enrollment pipelines. At the same time, financially stressed institutions are exploring mergers, as seen with Appalachian School of Law's recent discussions amid cash and enrollment pressures. The market is splitting into two speeds: large transactions are getting larger, while mid-market volume remains slower. This favors well-prepared sellers.


What this means for school owners: Premium valuations still happen, but they're increasingly going to schools that look "institutional" to buyers—clean financials, stable enrollment, strong leadership, and clear differentiation. Infrastructure tailwinds are strengthening too, from student housing investment to regulatory changes enabling fuller-campus offerings in growth markets.


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.

Doug Halladay

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

Established Eastern Canadian co-ed private school with 300+ students, a 50-year history, and near-100% university placement. Projected to generate $8.2M revenue and $2.0M adjusted EBITDAR in FY26, with approximately 63% enrollment growth potential across a well-located 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

Premium career college group with over 22 campuses across nine cities, generating FY25 revenue of $35.7M and $9.1M in adjusted EBITDA. Delivers career-aligned programs, with 94% concentrated in high-demand fields primarily in healthcare. 100% domestic student base, strong cash flow profile, and meaningful upside through organic campus growth 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

Cognita

COGNITA STRENGTHENS PRESENCE IN EUROPE WITH LICEO SOROLLA



cognita.com We welcome Liceo Sorolla International School in Madrid, Spain, to our worldwide community of over 100 schools...

Read more

Collage

COLLAGE DAY SCHOOL JOINS ISP GLOBAL COMMUNITY


internationalschools.com Known for its hands-on learning approach, immersive experiences, and beautiful...

Read more

Coursera

COURSERA AND UDEMY ENTER INTO A LANDMARK MERGER AGREEMENT


techcrunch.com Valued at around $2.5B, ​Coursera and Udemy announced a merger agreement, bringing together two of the...

Read more

ALSO IN THE NEWS

ADTALEM COMPLETES $150M SHARE REPURCHASE PROGRAM

New 3-year, $750M authorization reflects confidence in company's fundamental strength ...Read more


BLENHEIM SCHOOL BUYS LONDON'S MOUNT HOUSE SCHOOL

Mount House School in Barnet will become part of Outcomes First Group ...Read more


APPALACHIAN SCHOOL OF LAW CONSIDERS MERGER WITH ROANOKE COLLEGE

Due to low enrollment and a lack of money ...Read more


A NEW EDUCATIONAL LANDMARK FOR QATAR

Wellington College International confirms a significant new partnership with Al Faleh Educational ...Read more


GREYSTAR ACQUIRES A STUDENT HOUSING PORTFOLIO IN SPAIN FROM MERKEL CAPITAL

Greystar, a global leader in the investment, development and management of high-quality rental housing ...Read more


SAUDI ARABIA PERMITS PRIVATE SCHOOLS TO BUILD ON CAMPUS STUDENT RESIDENTIAL FACILITIES

Saudi Arabia has taken significant steps to improve the infrastructure ...Read more


REDUCATE EDTECH GROUP CONTINUES ITS EUROPEAN EXPANSION

With the acquisition of Learna Holdings Limited, a leading UK-based provider of ...Read more


AFTER A DEAL VALUE SURGE IN 2025, CFO'S SHOULD BRACE FOR A SPLIT M&A MARKET

Early data from Deloitte's Survey shows rising optimism for dealmaking next year  ...Read more


'THEY WON'T ALL SURVIVE': PRIVATE SCHOOLS BATTLING EACH OTHER FOR PUPILS

More school closures and a 'consolidation of the market' are under way, one headteacher ...Read more

HELPING LINKS

Buying a School
Schools for Sale
View our Blogs

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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