TUCSON, AZ (May 1, 2024) -- Traverse Pointe Partners (“Traverse”), a private equity firm focused on the lower middle market, has announced that its portfolio company Small Miracles (“Small Miracles”), a leading multi-location early education provider, has acquired Three Points Childcare Center (“Three Points”) in Tucson.
According to public records, Traverse Pointe Partners acquired the property and transferred it to Essential Properties, LP, for third-party landlord refinancing in a double escrow on April 12, 2024, for $1 million.
“Three Points Childcare Center is a great addition to Small Miracles’ robust portfolio of early childhood education centers,” said Michael Simon, Managing Principal of Traverse. “Small Miracles was recently recognized as of one of North America’s 50 largest for-profit childcare organizations, and the Three Points acquisition continues our growth trajectory. Three Points represents an opportunity for Small Miracles to broaden its reach in Arizona, while further scaling its operations. We remained excited about the Company’s future prospects and committed to continue expanding our portfolio of schools under the leadership of Bill Berk and the Small Miracles management team.”
Bill Berk, CEO of Small Miracles, said “Three Points was a natural fit for the existing Small Miracles portfolio in the Tucson market. We look forward to building on the excellent standard of care that has already come to be expected by those sending their children to Three Points. With the support of Traverse, we continue buy and build in our region, while positively impacting the lives of as many children and families as we can.”
Small Miracles is a leading early learning center company that owns and operates a portfolio of 16 centers in one of the country's fastest-growing areas. The Company operates ten centers in Tucson and six in Phoenix, Arizona. Small Miracles serves children ages 6 weeks through 12 years. Across multiple locations, children are immersed in various educational and social activities with a staff of trained and experienced educators. With its most recent acquisition, the Company has an enrollment capacity of over 2,000 children and students.
Traverse Pointe Partners is a private equity investment firm focused on controlling 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 and operational, financial, and strategic support to enable organizations to maximize their potential. To date, Traverse has made six platform investments and ten add-on acquisitions.
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