Learning Care Group

{{Infobox company

| name = Learning Care Group, Inc.

| logo =

| type = Private company

| industry = Child care

| founded = {{Start date and age |1967 }}

| founder =

| hq_location_city = Novi, Michigan

| hq_location_country = United States

| area_served = North America

| key_people =

| products = Child care and early childhood education

| num_employees =

| num_employees_year =

| owner = American Securities

| website = {{URL |https://learningcaregroup.com/}}

}}

Learning Care Group is an American child care and early childhood education company based in Novi, Michigan, United States.

The company was founded in the 1960s, and {{as of |2019|lc=yes }} was the second-largest for-profit child care provider in North America, operating over 1,070+ schools.{{cite news|title=Chinese firms eye U.S.-based Learning Care valued at up to $1.6 billion: sources|first1=Julie|last1=Zhu|first2=Kane|last2=Wu|publisher=Reuters|date=October 25, 2017|accessdate=June 29, 2019|url=https://www.reuters.com/article/us-lcg-m-a-china/chinese-firms-eye-u-s-based-learning-care-valued-at-up-to-1-6-billion-sources-idUSKBN1CU1CC}} The company operates under a variety of brand names including the La Petite Academy, Childtime, Tutor Time, The Children's Courtyard, Montessori Unlimited, Everbrook Academy, AppleTree & Gilden Woods, Creative Kids Learning Center, U-GRO, Young School, and Pathways Learning Academy brands.

Learning Care Group is owned by American Securities.

History

Learning Care Group was founded in the 1960s. In 2005, it was purchased by Australia-based ABC Learning.{{cite news|title=Cradle snatcher|first=Ben|last=Hills|work=The Sydney Morning Herald|publisher=Fairfax Media|date=March 11, 2006|accessdate=June 29, 2019|url=https://www.smh.com.au/national/cradle-snatcher-20060311-gdn4rx.html}} By the time it was acquired by Morgan Stanley Private Equity in March 2008, it operated 800 schools under five brands.{{cite press release|title=Morgan Stanley Private Equity Announces Agreement to Acquire Majority Stake in Learning Care Group, Inc. as Part of Joint Venture with A.B.C. Learning Centres|publisher=Morgan Stanley|date=April 22, 2008|accessdate=June 29, 2019|url=http://www.morganstanley.com/about/press/articles/6269.html|archiveurl=https://web.archive.org/web/20140914182148/http://www.morganstanley.com/about/press/articles/6269.html|archivedate=September 14, 2014}} In 2014, it was acquired by private equity firm American Securities.{{cite news|title=Property restoration giant Belfor sold to private equity firm|first1=Kirk|last1=Pinho|first2=Dustin|last2=Walsh|work=Crain's Detroit Business|publisher=Crain Communications|date=June 3, 2019|accessdate=June 29, 2019|url=https://www.crainsdetroit.com/construction/property-restoration-giant-belfor-sold-private-equity-firm}}

References

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