Published in Talent

GR-based private school operator acquires California education provider

BY MiBiz Staff Tuesday, May 21, 2019 04:59pm

GRAND RAPIDS — iEducation Group, formerly known as Fusion Education Group, an operator of private middle schools and high schools that offer personalized education, has acquired Futures Academy of California.

The transaction and formation of Grand Rapids-based iEducation Group as a parent company creates a single large operator of three individual school groups that includes Futures, Fusion and Barnstable Academy in New Jersey.

Fusion Academy, formed in 1992 with a campus in Solana Beach, Calif., today has 55 private school and high school campuses in 16 states and the District of Columbia.

Futures Academy, founded in 1985, offers one teacher to one student instruction at 16 campuses in California.

“Our collective organization is focused on driving great outcomes for more and more students across the country, and we believe expanding our personalized education platform, particularly one-to-one schools, is critical in doing so,” iEducation Group CEO Peter Ruppert said in a statement. “Our combination with Futures Academy is a bold step toward achieving this vision, one which will help us impact the lives of thousands of children and families across the nation.”

iEducation Group is backed financially by Leeds Equity Partners LLC, a New York City-based private equity firm. Crane Street Capital Group LLC has been a backer of Futures Academy, according to a statement.

Terms of iEducation Group’s deal with Futures Academy were not disclosed.

Read 1305 times Last modified on Tuesday, 21 May 2019 17:03
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