Meritas (education)

Last updated
Meritas Family of Schools
Type Private
Industry Education
Founded2005
Headquarters Northbrook, Illinois, U.S.
Owner Sterling Capital Partners
Website www.meritas.net

Meritas was a company that operated 10 for-profit college-preparatory schools. The majority of schools are located in the United States, with 3 additional schools in China, Switzerland, and Mexico. It was owned by Sterling Capital Partners, a private equity company.

Contents

History

Founded in 2005 by Philip E. Morgaman, who served as Chairman and Chief Executive until 2008 and remained Chairman until 2009 when he sold his interest in the company. He was succeeded as CEO by Jonathan (Mac) Gamse and later as Chairman by Christopher Hoehn-Saric. At the time of this transition, Meritas had grown from a concept to 19 campuses with approximately 14,000 students. [1] Meritas has purchased multiple schools worldwide. Its first acquisition, in 2005, was North Broward Preparatory School, in Coconut Creek, Florida. [2] Collège du Léman, located in Geneva, Switzerland was the next school to join the Meritas family in 2006. [3]

As of April 27, 2015, Meritas has sold several of their acquired schools to Nord Anglia Education (NAE) including, North Broward Prep, Collège du Léman, Léman International, The Village School, Windermere Prep, Instituto San Roberto. It is unclear whether the remaining Meritas schools will be acquired by NAE. [4]

Schools and Locations

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References

  1. ↑ "Mac Gamse, Meritas LLC: Profile and Biography". Bloomberg News .
  2. ↑ "North Broward Preparatory School ~Our History". Archived from the original on 2014-11-03. Retrieved 2014-11-03.
  3. ↑ "With Geneva purchase, Meritas goes worldwide - South Florida Business Journal". Archived from the original on 2012-11-13.
  4. ↑ "Nord Anglia Education (NORD) to Acquire Six Schools from Meritas in $575M Deal".
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