Learning Care Group

Last updated
Learning Care Group, Inc.
Company type Private company
Industry Child care
Founded1967;58 years ago (1967)
Headquarters
Novi, Michigan
,
United States
Area served
North America
ProductsChild care and early childhood education
Owner American Securities
Website learningcaregroup.com

Learning Care Group is an American child care and early childhood education company based in Novi, Michigan, United States.

Contents

The company was founded in the 1960s, and as of 2019 was the second-largest for-profit child care provider in North America, operating over 1,070+ schools. [1] The company operates under a variety of brand names including the La Petite Academy, Childtime, Tutor Time, The Children's Courtyard, Montessori Unlimited, Everbrook Academy, AppleTree & Gilden Woods, Creative Kids Learning Center, U-GRO, Young School, and Pathways Learning Academy brands.

Learning Care Group is owned by American Securities. [1]

History

Learning Care Group was founded in the 1960s. [1] In 2005, it was purchased by Australia-based ABC Learning. [2] By the time it was acquired by Morgan Stanley Private Equity in March 2008, it operated 800 schools under five brands. [3] In 2014, it was acquired by private equity firm American Securities. [4]

References

  1. 1 2 3 Zhu, Julie; Wu, Kane (October 25, 2017). "Chinese firms eye U.S.-based Learning Care valued at up to $1.6 billion: sources". Reuters . Retrieved June 29, 2019.
  2. ↑ Hills, Ben (March 11, 2006). "Cradle snatcher". The Sydney Morning Herald . Fairfax Media. Retrieved June 29, 2019.
  3. ↑ "Morgan Stanley Private Equity Announces Agreement to Acquire Majority Stake in Learning Care Group, Inc. as Part of Joint Venture with A.B.C. Learning Centres" (Press release). Morgan Stanley. April 22, 2008. Archived from the original on September 14, 2014. Retrieved June 29, 2019.
  4. ↑ Pinho, Kirk; Walsh, Dustin (June 3, 2019). "Property restoration giant Belfor sold to private equity firm". Crain's Detroit Business . Crain Communications . Retrieved June 29, 2019.
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