Midwestern Career College was acquired by Pritok Capital, LLC
Transaction Description
Title IV Career School with 14 different healthcare programs and a TEOFL program. The school offers degree, diploma and certificate programs. The school does not offer an LPN or RN program. They are changing accredidation from NCA to COE.
Transaction Details
Pritok Capital, LLC
Skokie, IL
Acquired
Midwestern Career College
A healthcare focused career college
Chicago, IL
JW&Co advised Midwestern Career College
Transaction Overview
Jackim Woods prepared client for sale and executed a controlled auction to find a buyer.
Challenges
The owner had built a well-run school Title IV career school with 11 healthcare-related programs. The school was changing accreditation from NCA to COE during the sales process which made the transaction challenging.
Solutions
Jackim Woods ran a formal sell-side, controlled auction process and received offers from half a dozen interested buyers. The owner was able to compare competing offers and accepted the one that provided the best combination of price and terms.
Summary
Because Jackim Woods custom designs every engagement based on the client’s needs, the client was prepared for the unique challenges and we were able to negotiate and close a transaction.
