Sale of Long-standing Childcare Business in Washington
HINGE announced the closing of a transaction of a Montessori preschool and elementary school in Washington. This business was started 33 years ago and was developed and managed by individuals seeking to make a positive contribution to the care and education of young children. The business was sold to a national childcare provider seeking profitable educational companies. The acquirer was able to provide value for the existing business, along with resources, benefits, and future opportunity for staff. This management decision to sell helped the business owner capitalize on their long-term investment in building a quality, productive business. The business owner entered into a long-term lease with the new business owner, thereby creating future value in its real estate assets.