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Capstone Partners Advises BrightStar Education Group on its Acquisition by Greybull Stewardship

August 2014

Boston, MA – Capstone Partners LLC, a leading investment banking firm, is pleased to announce the sale of BrightStar Education Group, dba Institute of Technology, to private equity firm Greybull Stewardship.  Capstone Partners served as the exclusive financial advisor to BrightStar, a portfolio company of Arlington Capital Partners.  Terms of the transaction were not disclosed.

BrightStar, which will be now known as Select Education Group, is a leading for-profit post-secondary education company with four campuses in California and Oregon. Founded in 1986, Select Education Group offers twelve certificate and diploma programs and four Associates degrees in the nursing, allied health, business, IT, culinary and HVAC fields.

Greybull Stewardship is a private equity firm that focuses on growing, profitable businesses in the lower middle market. Greybull seeks to invest in companies that are market leaders with strong competitive advantages, and supports its investments with a source of capital that allows companies to maintain their uniqueness.

Select Education Group’s President and Chief Executive Officer, Bill Hillard, commented, “Greybull is a perfect investment partner for our business.  We expect to benefit greatly from the firm’s support, experience and resources as we continue to expand Select Education Group’s curricula and campuses.”

This is the latest in Capstone’s long history of successfully closing transactions in the post-secondary education market.  Commenting on the transaction, Jacob Voorhees, Managing Director of Capstone, said, “We are pleased to have assisted Arlington Capital Partners in its sale of BrightStar, and we believe Greybull has acquired a company with tremendous opportunity.”

 

Lead Professional

Jacob Voorhees

Co-Head of Investment Banking
“Capstone was definitely the right banking partner to hire. They were tasked with a difficult sale in a very volatile environment and never gave up.  Their fortitude and loyalty is something to be truly admired.”
Bill Hillard
CEO
BrightStar Education