Professional Career Development Institute
Professional Career Development Institute is a leading nationally accredited provider of proprietary technical and business post-secondary diploma programs, associate degree programs and high school programs.
The owner of the Company was approaching retirement and wanted to transition out of the business. The Company engaged Croft & Bender to help locate a strategic or financial partner with industry experience that would be well suited to assist in the achievement of their corporate and personal objectives. Croft & Bender advised the Company through a complete process including valuing the Company, identifying potential acquirers, drafting the offering memorandum, marketing the Company, selecting a partner, and negotiating the transaction.
Croft & Bender successfully negotiated the recapitalization of the Company, selling a majority interest to Sterling Capital Partners out of Chicago, a fund with a significant amount of experience in the education industry.