Learning Care Group is an American child care and early childhood education company based in Novi, Michigan, United States.
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]
External links
References
- Julie Zhu, Kane Wu. Chinese firms eye U.S.-based Learning Care valued at up to $1.6 billion: sources Reuters, October 25, 2017, retrieved June 29, 2019^
- Ben Hills. Cradle snatcher The Sydney Morning Herald, Fairfax Media, March 11, 2006, 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 Morgan Stanley, April 22, 2008, retrieved June 29, 2019^
- Kirk Pinho, Dustin Walsh. Property restoration giant Belfor sold to private equity firm Crain's Detroit Business, Crain Communications, June 3, 2019, retrieved June 29, 2019^