New York-based MidCap Advisors, a boutique investment bank focused on middle market transactions, advised on the sale of Southern Technical College in Orlando, Fla., to the Wicks Group, a private equity firm headquartered in New York. Southern Technical College operates six campuses in central Florida and offers career programs such as heating and air conditioning maintenance. Terms of the deal were not disclosed.
NEW YORK, Oct. 23, 2012 /PRNewswire via COMTEX/ — MidCap Advisors LLC, a boutique investment banking firm based in New York with offices throughout the United States, is pleased to announce that it advised on the sale of Southern Technical College (Southern Tech), a Florida-based Title IV post secondary institution, to The Wicks Group of Companies, LLC, a private equity firm based in New York City.
John Parnell, a Managing Director at MidCap Advisors advised the Euliano family and arranged the transaction.
John Euliano, who founded Southern Tech in 2000, said, “This would not have happened without an incredible amount of guidance and support from John Parnell and MidCap Advisors. Retaining him as an advisor was integral to completing this deal.”
Neil Lefkowitz led the legal team from Dickstein Shapiro LLP in representing Southern Tech in the transaction. Wyrick Robbins Yates & Ponton LLP served as legal counsel to Wicks on the transaction.
Southern Technical College is a privately owned post secondary technical college with six campuses in central Florida offering six different career and academic programs to over 1,000 students. Programs include Medical Assisting, Medical Billing and Coding, Applied Electronics Technology – HVAC , and Electrical Trades.
MidCap Advisors, LLC is a middle market investment banking firm that provides innovative and results oriented merger & acquisition, strategic planning, and business valuation services to education companies and their owners nationwide.
For additional information about this transaction contact John Parnell, Managing Director-Education Group, MidCap Advisors at 781-749-0032 or visit www.midcapadvisors.com .