HomeBabysittingKinderCare Training acquires Rainbow Youngster Care Heart, increasing to greater than 1,500 studying facilities, serving 185,000 kids throughout the USA
Posted in Babysitting on 29th August 2018

Portland, Ore. – Additional cementing its management position as the biggest childcare supplier in the USA, KinderCare Training (KCE) introduced at present the profitable acquisition of Rainbow Youngster Care Heart and its 150 facilities in 16 states. Primarily based in Troy, Michigan, Rainbow is the eighth largest little one care supplier within the nation, and the acquisition expands KinderCare’s nationwide presence to supply little one care to greater than 185,000 kids in 40 states and Washington, D.C.

The corporate didn’t disclose the phrases of the transaction, which closed on August 24, however can affirm that that is the biggest single acquisition for KinderCare for the reason that firm merged with Information Studying Company in 2005.

Recognized for its red-roofed community-based studying facilities that started virtually 50 years in the past, KinderCare at present operates greater than 1,300 totally accredited facilities and has delivered 24 quarters of top-line and bottom-line consecutive earnings development. After opening its first heart greater than 30 years in the past, Rainbow has grown to serve households in additional than 150 facilities in 16 states, together with Indiana, Michigan, North Carolina, Florida, Virginia, New Jersey and South Carolina.

“By way of this acquisition, KinderCare will develop our footprint in a single day with a accomplice who shares our values and dedication to kids and households,” mentioned Tom Wyatt, CEO, KinderCare Training. “Bringing our two corporations collectively, we share the aim of elevating the standard of childcare on this nation. What’s extra necessary than serving to to construct a lifelong love of studying and confidence in additional kids?”

KinderCare, based mostly in Portland, operates extra accredited facilities than every other supplier, and has earned the excellence of being one in every of fewer than 40 Gallup Nice Office award winners for 2 years in a row. Latest unbiased assessments from TerraNova®and BRIGANCE® affirm that KCE college students are higher ready for varsity.

Rainbow, in the meantime, has persistently delivered industry-leading development via their strong new heart opening engine. Each KinderCare Training and Rainbow provide before- and after-school packages, and accomplice with personal sector corporations to supply little one care for his or her staff, demonstrating additional alignment of their choices for households, and fueling alternatives for development.

Rainbow co-founder Pat Fenton mentioned: “We’re thrilled to hitch the KinderCare household to construct upon our 30-year report of success. Our mixed forces will allow us to serve extra households with the high-quality little one care that’s our custom.” Efficient instantly, Fenton will report back to Wyatt, and be part of the KinderCare Training management workforce.

KinderCare Training and Rainbow are each majority-owned by personal fairness corporations – Companions Group, on behalf of its purchasers (KCE), and Quad-C Administration (Rainbow).

“We’re enthusiastic about this acquisition and proud that it means KinderCare will be capable of present much more kids and hardworking households entry to the standard early schooling that KinderCare is understood for,” mentioned Joel Schwartz, Head Personal Fairness Americas at Companions Group and a member of KinderCare’s Board.

Tim Billings, Companion at Quad-C Administration Inc. mentioned, “We’re honored to have been companions with Pat Fenton and the Rainbow workforce. Rainbow is understood for creating and working world class faculties; the mixture of KinderCare and Rainbow will create super alternatives for college students, households and workers.”

About KinderCare Training®

KinderCare Training is an experience-based supplier of early schooling and little one care with greater than 32,000 lecturers and employees serving 170,000 kids and their households each day, the place they want us:

  • In neighborhoods with our KinderCare® Studying Facilities that supply early childhood schooling and little one care for youngsters six weeks to 12 years previous.
  • At work via KinderCare Training at Work™, family-focused advantages for employers together with on-site and near-site early studying facilities and back-up look after last-minute little one care.
  • In native faculties with our Champions® earlier than and after-school packages.

KinderCare Training operates greater than 1,380 early studying facilities, greater than 500 Champions websites, and is supported by a company workforce of almost 500 headquarters workers based mostly in Portland, Oregon. In 2018, KinderCare Training earned their second Gallup Nice Office Award – one in every of solely 39 corporations worldwide to win the award. To be taught extra, go to kc-education.com.

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