Learning Care Group, Inc. is a child care and early childhood education company based in Novi, Michigan, United States. Founded in the 1960s, it is the second-largest for-profit child care provider in North America,[1] operating over 1,070+ schools under 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]
| Industry | Child care |
|---|---|
| Founded | 1960s |
| Headquarters | , United States |
Area served | North America |
| Parent | American Securities |
| Website | www |
History
editLearning 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
edit- ^ a b c 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.
- ^ Hills, Ben (March 11, 2006). "Cradle snatcher". The Sydney Morning Herald. Fairfax Media. Retrieved June 29, 2019.
- ^ "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.
- ^ 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.