News
Traverse Pointe Partners, a private equity firm focused on the lower middle market, is pleased to announce that its portfolio company Small Miracles, a leading multi-location early education provider, has acquired Children’s Campus and Premier Children’s Center, in Phoenix, AZ. Financial terms of the transaction were not disclosed.
Goldberg Kohn corporate attorneys Ross Friedman and Lauren Penland represented Traverse Pointe Partners in the acquisition side transaction.
Michael Simon, Managing Principal of Traverse said: "I’m extremely proud of our management team and what they have accomplished to establish us as the leading independent provider of childcare in the state of Arizona. We’re thrilled to welcome Children’s Campus and Premier to the Small Miracles family."
Bill Berk, CEO of Small Miracles, said “Children’s Campus and Premier are natural fits for the existing Small Miracles portfolio in the Phoenix market. We look forward to building on the excellent standard of care that has already come to be expected by our existing families and reaching more families in the community. Traverse Pointe has been an exceptional partner every step of the way. They are consistently supporting Small Miracles’ aspirations and growth plans. We are thankful for their support as we grow our business.”
Small Miracles is a leading early-learning center company that owns and operates a chain of 18 centers in one of the fastest growing areas of the country. The Company operates 10 centers in Tucson and eight centers in Phoenix, Arizona. Small Miracles serves children of ages from 6 weeks through 12 years of age. Across multiple locations, children are immersed in a variety of educational and social activities with a staff of trained and experienced educators. With its most recent acquisition, the Company has an enrollment capacity of over 2,400 children and students.
Traverse Pointe Partners is a private equity investment firm focused on control investments in lower middle market companies. Our investment professionals and operating partners offer an array of skillsets and expertise to enhance the value of our platform investments. We partner with strong management teams, providing capital along with operational, financial and strategic support to enable organizations to maximize their potential. To date Traverse has made six platform investments and 11 add-on acquisitions
