Strategic Buyer Seeks Education Related Distribution Companies
Jackim Woods & Co. is representing a strategic buyer interested in acquiring retailers or distributors that specialize in:
- School Nurse & Medical Supplies
- Early Childhood and Early Intervention Supplies
- Health Education and Physical Education Supplies
- Special Education Products and Resources
- Speech Language Therapy Products
- Occupational Therapy Products
- Physical Therapy Products
- Autism Products and Solutions
To be of interest, companies should have revenues between $3MM and $20MM and gross margins over 30% or better.
Our client is a third generation family owned business with a healthy balance sheet, and is able to close transactions quickly using flexible transaction structures. The company has a history of making successful acquisitions and has a strong belief in keeping the current management team in place.
If you have a company that fits these criteria, please contact Rich Jackim at (224) 513-5142 or at rjackim@jackimwoods.com.
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Thor Industries Acquires Jayco, a Leading RV Manufacturer
Thor Industries acquired Jayco Corp. for approximately $576 million in cash. This transaction represents a unique and significant opportunity for Thor to enhance its growth through the acquisition of a major manufacturer of complementary products like travel trailers, folding camping trailers, higher-end diesel Class A motorhomes and larger Class C motorhomes.
Profitable, Well-Operated Nursing School – SOLD
THIS OPPORTUNITY IS NO LONGER AVAILABLE. CALL US TO LEARN ABOUT OTHER NURSING SCHOOLS WE HAVE FOR SALE.
Investment Highlights:
Established Healthcare Programs– Including Registered Nursing, Licensed Practical Nursing, and Medical Office Assistant
Certificate & Degree Programs – Awards Associates degrees in Registered Nursing and Medical Office Assistant programs and certificates in its Licensed Practical Nursing Program.
Outstanding Educational Outcomes: Graduates of the RN and LPN programs had an impressive 87% and 98% pass rate on the state’s Nursing Board Exams, respectively.
High Placement Rates – 100% placement rate for all programs in 2015.
Fully Accredited, Title IV Institution – Accredited by Accrediting Council for Independent Colleges and Schools (ACICS) and participates in Title IV funding.
Good 90/10 Rate – 2015 Title IV funds were 81% of total revenues.
No Gainful Employment Issues: With 100% placement rates and high starting salaries, there are no gainful employment issues.
In 2015 revenues were just over $879,000. Adjusted EBITDA in 2015 was $108,000. Management expects 2016 revenues and EBITDA to be $839,000 and $184,000. Management expects the Fall semester to be strong. The RN class is expected to be full with alternates waiting. The LPN class is currently half full and still getting applicants.
The School is owned by a non-profit entity that operates two nursing schools. While the School is technically a campus of a multi-location college, it has its own OPEID number and is designated as a Main Campus. With margins in excess of 20%, a strong 90/10 rate, strong placement rates and no gainful employment issues, this school could be operated as either a non-profit or a for-profit career college.
Download Executive Summary & Nondisclosure Agreement.
For additional information contact Rich Jackim at rjackim@sportsclubadvisors.net or at 224-513-5142.
Read MoreJackim Woods & Co. Advises on Sale of Midwestern Career College
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Midwestern Career College was acquired by MCC Holding Group, LLC. Midwestern Career College is one of the leading Title IV allied healthcare career colleges in the Midwest with certificate and degree programs in over a dozen programs. The school is best known for its Magnetic Resonance Imaging, Diagnostic Medical Sonography. Non-Invasive Cardiovascular Tech, Surgical Tech, and Dialysis Tech programs and is one of only a few schools in greater Chicago area to offer these programs.
Rich Jackim, a partner at Jackim Woods & Co., represented the Midwestern Career College and arranged the transaction.
[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section] Read MoreJackim Woods & Co. Advises on Sale of Success Schools, LLC
CHICAGO, IL, January 4, 2016 – Success Schools LLC, a leading Title IV career college for barbers, was acquired by Denmark Education.
Success Schools, with campuses in Merrillville, IN and Chicago, IL is the largest Title IV barber college in the Midwest. The principals of Denmark Education are experienced Title IV school owners and operators who plan to build on Success Schools’ solid reputation and strong educational outcomes.
Rich Jackim, a partner at Jackim Woods & Co., represented Success Schools, LLC and and arranged the transaction.
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Jackim Woods & Co. Advises Good-Lite Co. on Acquisition of Richmond Products
ELGIN, IL, July 14, 2015 – The Good-Lite Company, the worldwide leading manufacturer of eye charts and LED-based illumination cabinets, is pleased to announce that it has acquired the assets of Richmond Products, a leading provider of handheld vision testing and evaluation equipment.
Richmond Products, based in Albuquerque, NM, will continue to operate with its current staff from its current location where it provides over 2,000 vision testing products including eye care’s most comprehensive color vision test, the HRR Pseudoisochromatic Plate Test 4th Edition.
Good-Lite will continue manufacturing the industry standard ETDRS charts and LED-based cabinet as well as LEA SYMBOLS® and LEA NUMBERS® pediatric acuity products. Both firms will work together to sustain expansion of their Vision Training product offerings.
The acquisition of Richmond Products by Good-Lite cements the close working relationship the two companies have had for many years. “The acquisition will enable both organizations to expand our leadership positions in our respective segments of the eye care market,” said Chris Greening, Good-Lite’s General Manager. “Richmond’s strong presence in medical schools and their exclusive distribution rights to several innovative products will complement our complete range of vision testing products.”
The acquisition will increase the ability of both firms to make investments in key solutions for Optometry and Ophthalmology. “We will be able to support the expanded development of solutions for the emerging areas in eye care such as Traumatic Brain Injury (TBI), Vision Rehab, Binocular Vision and Pediatric Ophthalmology and Optometry,” said Lloyd Powell, President of Richmond Products.
The two companies will work closely with customers, employees and suppliers to make the integration as smooth as possible. There are several things that will not change:
- Customers and suppliers will continue to work with the same employees in each firm as they have in the past
- Good-Lite and Richmond Products staff will be retained in their current roles
- Customer Service, pricing and order fulfillment will not change
- Location of each firm remains unchanged
- Existing phone numbers and web sites will continue unchanged.
- Richmond will continue to operate under the Richmond name as a division of the Good-Lite Company.
Rich Jackim with Jackim Woods & Co. represents Good-Lite Company and School Health Corporation in its corporate development activities and arranged the transaction.
About Good-Lite Company
Founded in 1930, Good-Lite Company (www.good-lite.com) offers a complete range of vision testing and evaluation products, including the new self-calibrating ETDRS Standardized Viewer, Cortical Visual assessment, near and distance acuity charts including the LEA SYMBOLS® and LEA NUMBERS®, high and low contrast, stereo vision and color vision testing.
About Richmond Products
Richmond Products (www.richmondproducts.com) focuses on Neuro, Pediatric and General Eye Care and has been an innovator in the manufacture of eye examination products. Richmond’s HRR Pseudoisochromatic Plates provide the most comprehensive and clinically verified diagnosis for genetic and acquired color vision defects. Other products address Ocular Motility, Visual Field, Contrast Sensitivity, Disease Detection, and Binocular Vision.
Jackim Woods & Co. Advises on Sale of Echo Springs Academy
Echo Springs Transition Study Center and Academy was acquired by the principals of Breakwater Expeditions. Echo Springs is one of the most highly respected therapeutic boarding schools for young adults. Founded by Doug Kim-Brown, Echo Springs has been called the “gold standard” of young adult transitional programs. The program’s staff of 20 professionals work with approximately 20 students between the school’s two locations.
Rich Jackim, a partner at Jackim Woods & Co., represented Echo Springs Transition Study Center and arranged the transaction.
Read MoreSchool Health Corporation Acquires EnableMart
HANOVER PARK, IL January 12, 2012 — School Health Corporation (SHC), the leading provider of medical supplies and equipment to school nurses, announced today the acquisition of EnableMart, a leading provider of assistive technology to the special needs community. MidCap Advisors, LLC (MidCap) represented SHC and arranged the transaction.
In recent years, School Health has successfully expanded into the complimentary markets of early childhood and special needs. “These are growing markets for us to build upon our focus of improving the health and well being of students,” said Susan Rogers, School Health’s President. “EnableMart’s leading position in the assistive technology space, e-commerce expertise and exclusive distribution rights to several innovative products made EnableMart particularly attractive to us.”
The companies plan to maintain and enhance the EnableMart brand and grow the channel by adding items from School Health’s wide selection of over 20,000 products.
“We are excited about the opportunities that this acquisition will provide to the business. School Health’s strong schools oriented sales force, with feet on the street in every major market in the country, and a strong catalog distribution program means that our mutual customers will have access to more products and even better service. We expect to grow each business by cross selling our collective products both directly and through our catalogs and websites. This will also allow the EnableMart team to provide more personalized attention to our non-school customers such as State Departments of Rehabilitation throughout the country,” said David Lindmeir, CEO of EnableMart.
“Students with special needs deserve the same opportunity as other students – to reach their maximum educational potential,” said Scott Cormack, Chief Strategy Officer, EVP for School Health. “Through our acquisition of EnableMart, we can help give students with special needs that opportunity with assistive technology.”
Rich Jackim, a partner at Jackim Woods & Co. advises School Health Corporation on its corporate development strategy and acquisition program and arranged the transaction.
About School Health Corporation
School Health Corporation (www.schoolhealth.com) is the leading supplier of health supplies and equipment to schools. More than 95% of the top 500 school districts and largest universities in the United States purchase their products from the company annually. School Health offers customers more than 20,000 products from over 600 manufacturers. This third-generation, family-owned business, was founded in 1957 and currently employs more than 100 people.
About EnableMart
EnableMart (www.enablemart.com) is a worldwide leader in assistive technology distribution. The company has deep expertise in technology for special education and is listed as an approved vendor in most school districts throughout the U.S. EnableMart provides over 3,000 assistive technology and assistive living devices from over 200 manufacturers to customers in all 50 States and over 45 countries worldwide. EnableMart continually seeks out and provides the best assistive technology products at the most affordable prices and remains steadfast in its mission to improve the lives of individuals with disabilities.
Read MoreJackim Woods & Co. Advises on Sale of Allied Health Professionals
Allied Health Professionals, the leading contract staffing company for physical, occupational and speech therapists, was acquired by a private investor.
Allied Health Professionals specializes in placing PTs, OTs, and SLPs on a contract basis with school districts throughout the metro Chicago area and northern Illinois. Founded by speech language pathologist, Barb Miller, Allied Health Professionals is the largest specialized allied healthcare staffing company of its kind in the Midwest.
Rich Jackim, a partner at Jackim Woods & Co., represented Allied Health Professionals and arranged the transaction.
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