Ross Education Adds On

Ross Education LLC, a St. Clair, Mich.-based portfolio company of Huron Capital Partners, has acquired The Institute of Medical and Dental Technology, a Cincinnati-based provider of post-secondary career education in allied health fields. No financial terms were disclosed.

PRESS RELEASE

Huron Capital Partners announced today that its St. Clair-based portfolio company, Ross Education LLC (“Ross”), has acquired The Institute of Medical and Dental Technology (“IMDT”). Terms of the transaction were not disclosed. The transaction further expands Ross's presence in the Ohio market and enhances its portfolio of medical curriculum offerings.

 

Based in Cincinnati, OH, IMDT provides post-secondary career education in allied health fields. IMDT offers certificate programs in medical assisting and dental assisting to students in the greater Cincinnati area.

 

John Higgins, a Partner at Huron, stated, “The IMDT transaction is consistent with our goal of growing Ross through both organic expansion and acquisitions. The school is a good fit with Ross and will benefit from being part of the Ross organization.”

 

Paul Mitchell, CEO of Ross, added, “We are excited about bringing IMDT into the Ross family. We look forward to building on the success of IMDT to expand our presence in Cincinnati and the broader Ohio market.”

 

Since acquiring Ross in 2005, Huron and Ross management have more than doubled the business through new program offerings, new branch locations, and one add-on acquisition.

 

About Huron Capital Partners LLC

 

Huron Capital is a leading private equity firm investing in lower middle-market companies. The firm typically invests between $10 million and $50 million in equity to sponsor buyouts of well-positioned companies having revenues up to $200 million. Through its operational approach, Huron partners with strong management teams at niche manufacturing, specialty service, and value-added distribution companies that can be built through acquisition and organic growth.

 

Huron Capital manages over $600 million in equity through three private equity funds. Since its founding in 1999, Huron has acquired or invested in 41 companies in a variety of areas including post-secondary education, printing and packaging solutions, consumer products, ground passenger transportation services, specialty chemicals, medical products and services, building products, office furniture components, home d