Chicago, Illinois (November 5, 2019) – Traverse Pointe Partners (“Traverse”), a private equity firm focused on the lower middle market, is pleased to announce that it has acquired Small Miracles (“Small Miracles” or the “Company”), a leading multi-location daycare and early education provider, operating several locations across Arizona. Financial terms of the transaction were not disclosed.
“Traverse is thrilled about the opportunity to build on the exceptional Small Miracles foundation,” said Michael Simon, Managing Principal of Traverse. “With Small Miracles’ experienced leadership team remaining in place, we look forward to continuing the strong growth of Small Miracles, while maintaining the highest quality and standards of care for each and every child we enroll. Additionally, we see this as an opportunity in which Traverse can once again deliver tremendous value to each of its stakeholders. We are excited by the opportunity to partner with Small Miracles, and look forward to helping the Company continue its success and growth.”
Kelli McCalley, President of Small Miracles, said “We look forward to partnering with Traverse. They are committed to providing capital to further our growth organically and via acquisition, as we look to further build out the Small Miracles geographic footprint.” The transaction closed on November 5, 2019.
About Small Miracles
Small Miracles is a leading early-learning center company that owns and operates a chain of 10 centers in one of the fastest growing areas of the country. The Company operates eight centers in Tucson, Arizona and two centers in Scottsdale, Arizona. The Company serves children of ages from 6 weeks through 12 years of age. Across multiple locations, children are immersed in a variety of educational and social activities with a trained and experienced educators. The Company currently serves nearly 1,000 students with the licenses to enroll over 1,200 in total.
About Traverse Pointe Partners
Traverse Pointe Partners is a private equity investment firm focused on control investments in lower middle market companies. Our investment professionals and operating partners offer an array of skillsets and expertise to enhance the value of our platform investments. We partner with strong management teams, providing capital along with operational, financial and strategic support to enable organizations to maximize their potential. To date Traverse has made four platform investments.