Lollipop Child Development Center set to
continue serving the community under new ownership
CHARLOTTE, N.C., May 16, 2024
/PRNewswire/ -- Serving children and families in Charlotte since 1989, Lollipop Child
Development Center has been successfully sold to a national early
learning provider as owners Todd and Nancy
Ridgeway retire. The sale — which enables the school to
continue serving the community — was led by HINGE Early Education
Advisors, the nation's leading expert in growing and selling
childcare businesses.
Lollipop Child Development Center is a five-star, licensed
childcare facility located in southwest Mecklenburg County. The school offers
full-time care for children six weeks to five years old, including
curriculum that focuses on Kindergarten readiness skills in
reading, writing, math, and science.
"We have put so much love and energy into our school over the
past 35 years. So when we realized it was time for us to step back,
we wanted to evaluate every potential option for the school's next
chapter and ensure that our students and staff are well-cared for,"
say the Ridgeways.
HINGE Advisors ran an extensive, confidential sales process for
the Ridgeways that included marketing the organization to more than
500 well-vetted buyers. With multiple highly competitive offers for
the school, the former owners ultimately selected a national
provider for their complementary culture, operational alignment,
and ease of process.
The sale was led by Transaction Advisor Alec Ligon and a team including Transaction
Manager Carrie Pergerson, Financial
Analyst Rusty Bailey, and Marketing
Coordinator Marissa Webster.
"Todd and Nancy put in the hard work over the years to build a
phenomenal school. It was our privilege to help them showcase the
true value of Lollipop Child Development Center and seamlessly
close a sale they can feel proud of," says Ligon.
"We can't thank everyone on the HINGE team enough for helping us
through this process. They guided us strategically every step of
the way," say the Ridgeways. "We now have the gift of retiring
knowing our life's work is in good hands."
About HINGE Early Education Advisors
HINGE Early
Education Advisors is the nation's leading expert in growing and
selling childcare businesses. The HINGE team — comprised of former
childcare business owners, financial experts, and commercial and
real estate brokers — has more than 300 years of combined industry
experience and proudly maintains strong relationships with more
than 500 active early education business buyers and
investors. Following a proven process, HINGE has closed more
school transactions than any advisor in the nation, helping
childcare owners gain maximum value for their businesses and real
estate. Learn more at hingeadvisors.com.
Media Contact:
Pamela Caruolo
1(484)574-2946
pamela@caruolocommunications.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hinge-early-education-advisors-leads-sale-of-longstanding-childcare-center-in-charlotte-302146954.html
SOURCE HINGE Advisors