Email from Halladay Education Group Inc.

Volume 180 | November 15, 2025

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,

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.

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

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

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

UPACADEMY

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

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

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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