American Securities Completes Acquisition of Learning Care Group

Learning Care Group focuses on the care and education of children between the ages of six weeks and 12 years. The Company’s national platform of more than 900 schools has the capacity to serve more than 100,000 children in 36 states with approximately 17,000 employees. Learning Care Group operates under five distinct brands: La Petite Academy, Childtime, Tutor Time, The Children’s Courtyard, and Montessori Unlimited.

“We strive to provide our children with a solid foundation to reach their full potential and develop a life-long love of learning,” said Barbara Beck, Chief Executive Officer, Learning Care Group. “That’s why our commitment to outcomes-based early education includes outstanding care and significant investments in proprietary, research-based curricula designed to prepare our students for long-term success. We look forward to working with American Securities as a valued partner as we further build our business.”

“Learning Care is a great fit for our strategy of investing in market-leading companies,” said Kevin S. Penn, Managing Director at American Securities. “We believe that Learning Care Group’s industry leadership, combined with its exceptional management team, positions the Company for strong growth. We look forward to working with Barbara and her team to support Learning Care’s continued success.”

Kaye Scholer LLP served as legal counsel to American Securities, and Debevoise & Plimpton LLP served as legal counsel to Learning Care Group with respect to the transaction. BofA Merrill Lynch and BMO Capital Markets Corp. acted as financial advisors to Learning Care Group with respect to the transaction.