Baird’s Investment Bankers Discuss Consolidation in the Early Education Market
Baird Managing Directors Dan Alfe and Andrew Snow, who lead the education sector investment banking coverage, were recently featured in Childcare Exchange explaining why they expect 2018 to be a busy year for the early childhood education market. In the commentary, "Consolidation in the Early Education Market – Version 2.0," Alfe and Snow note several observations:
"Renewed investor interest in the sector has been due, in part, to the improving economy, industry players stringing together multiple quarters of positive growth and attractive unit-level economics," the bankers said.
"Another driver of recent merger and acquisition activity is the continuing consolidation, or 'roll-up,' opportunity in this highly fragmented market. The scarcity of platform assets has meant that the larger players can command a premium, while smaller school networks tend to trade at a meaningful discount," they added.
Subscribers can read the full article on the Childcare Exchange website.