Email from Halladay Education Group Inc. Latest News & Updates: Millpond-backed Galileo Education Acquires Two Schools Volume 184 | January 15, 2026 Published By: Halladay Education Group Welcome To HEG’s Inner Circle eNews A Bi-Weekly Recap of Essential Reading For The Private School Sector PRIVATE SCHOOL SALES | VALUING YOUR SCHOOL | PRIVATE INQUIRIES Hello Douglas, Welcome to the 184th edition of HEG’s Inner Circle Private School eNews, where Halladay Education Group shares key insights into the latest investment activity shaping the global private education sector. HEG INSIGHTS Platform Consolidation Accelerates: Millpond-backed Galileo's acquisition of two private schools in Florida reinforces ongoing PE activity in K–12, particularly where assets integrate into centralized operations and shared infrastructure. Beyond direct school acquisitions, consolidation in student outcomes technology is gaining momentum—Edmentum acquired MajorClarity, and Magma Math closed a $10M round to expand AI-enabled math instruction. Parallel Learning's $20M Series B, focused on special education delivery with measurable outcomes, shows capital flowing to capacity gaps that districts cannot address internally. Institutional Mergers Gain Traction: Pacific and Willamette universities have executed an LOI for merger-related due diligence. At the same time, Exeter College and Petroc completed their combination to form the Exeter and North Devon Colleges Group in the UK. Cross-border brand partnerships are also emerging—Meraki Education's collaboration with St Paul's Girls' School to launch a Dubai campus illustrates how premium institutional reputations are being leveraged to enter high-growth international markets. Implications for Private School Owners: Buyers are assessing governance structure, management depth, enrollment stability, and operational scalability. Schools with documented systems, diversified revenue, and professional financial reporting command premium valuations. If you are evaluating a sale, recapitalization, or strategic partnership, current buyer appetite creates a narrow window to optimize timing and pricing. If you are thinking about a sale, forming a group, or pursuing targeted acquisitions, now is a great time to prepare for premium results. Contact Halladay Education Group for a confidential consultation. Reach out to us for a discreet discussion. To Your Continued Success, Douglas Halladay | President, Halladay Education Group TF: +1.800.687.1492 | C: +1.604.868.0002 Email: info@halladayeducationgroup.com WeChat: dhalladay | WhatsApp: 604.868.0002 Please view our Corporate Brochure and our Corporate Video. FEATURED OPPORTUNITIES  REPUTABLE & PROFITABLE K-12 DAY & INTERNATIONAL BOARDING SCHOOL Established Eastern Canadian co-ed private school with 300+ students, a 50-year history, and near-100% university placement. Projected to generate $8.2M revenue and $2.0M adjusted EBITDAR in FY26, with approximately 63% enrollment growth potential across a well-located multi-site urban campus. More Info. PREMIER CANADIAN FILM & DIGITAL ARTS COLLEGE - REVIEWING OFFERS Recognized as a premier institution for creative media education in Canada, offering cutting-edge programs designed and taught by award-winning industry professionals. More Info. FAST-GROWING CANADIAN POST-SECONDARY HEALTHCARE-FOCUSED NETWORK Premium career college group with over 22 campuses across nine cities, generating FY25 revenue of $35.7M and $9.1M in adjusted EBITDA. Delivers career-aligned programs, with 94% concentrated in high-demand fields primarily in healthcare. 100% domestic student base, strong cash flow profile, and meaningful upside through organic campus growth and targeted acquisitions. More Info. ACCREDITED CANADIAN DESIGN SCHOOL WITH STRONG FINANCIALS A leading career college in fashion, interior, and technical design, this accredited institution boasts a 98% domestic enrollment rate, modular hybrid programs, and rising course registrations. With revenue forecasted to exceed $2M and EBITDA projected at $615K by 2028, it presents a turnkey opportunity for strategic buyers seeking growth in the creative education sector. More Info. MARKET-LEADING CANADIAN MASSAGE THERAPY COLLEGE - REVIEWING OFFERS One of Western Canada’s most established and profitable massage therapy colleges, with 30+ years of operations and a nationally recognized track record of graduate success. Forecast FY2025 revenue of $2M and EBITDA of C$380K (18% margin), scaling to $2.7M and C$771K (29%) by FY2028. With 100% domestic enrollment, regulatory protection, and a trusted brand, it offers a cash-flow positive, recession-resilient platform with 2x EBITDA growth potential. More Info. PREMIUM EUROPEAN SUMMER CAMP PLATFORM - REVIEWING OFFERS With over five decades of operations and 350,000 alumni from 60 countries, Project Alpine is a leader in Europe’s premium summer camp sector. Forecasting FY2026 revenue of USD $7.2M and EBITDA of $1.2M, it combines strong brand equity, high-margin enrollments, and multi-channel programming. The platform offers investors a scalable, asset-backed opportunity with durable cash flows and clear growth potential. More Info. U.S. FOR-PROFIT K-12 BUYER | VOUCHER/ESA STATES Global K-12 operator seeking acquisitions of private for-profit day schools in voucher/ESA markets, with flexible deal and real estate structures. Targets include schools with $500K–$5M EBITDA, strong academics, and clear growth potential; suitable for single-site or small groups. Priority regions are FL, TX, AZ, GA; also IN, IA, OH, NC, UT, WV, AL, LA, OK, NH, and TN. The process is confidential, with founder-friendly terms and proven integration. More info. PROFITABLE TRANSPORT CANADA–APPROVED FLIGHT TRAINING UNIT (FTU) + AVIATION CAREER COLLEGE IN WESTERN CANADA Confidential opportunity to acquire a scaled, asset-backed Western Canadian aviation training platform that combines a Transport Canada–approved FTU within a provincially accredited private career college, supported by DLI status and Student Aid eligibility. FY2026F revenue is projected at $3.45M with ~335 students, and normalized EBITDA is ~$910K (FY2024–FY2025F average), expanding to ~$1.05M by FY2026F at 30%+ margins. The business operates from a leased airside campus with dedicated hangar access and includes an 11-aircraft fleet (~$2.6M), a TC-approved simulator, and maintenance operation, creating a regulatory and operating moat that is difficult to replicate. More Info. More Info  FEATURED NEWS GALILEO EDUCATION ACQUIRES PUTMAN CLASSICAL ACADEMY AND NEW GENERATION CHRISTIAN  pehub.com Headquartered in Franklin, Tennessee, Galileo Education is an operator of private K-12 schools... Read more EDMENTUM ACQUIRES MAJORCITY COLLEGE, CAREER READINESS TOOL marketbrief.edweek.org Curriculum provider Edmentum is adding a college and career readiness tool to its suite of products, acquiring MajorClarity... Read more INVESTORS BACK PARALLEL'S $20M SERIES B TO TRANSFORM SPECIAL EDUCATION forbes.com Parallel Learning, a virtual special education platform, address critical nationwide special education teacher... Read more ALSO IN THE NEWS PACIFIC AND WILLAMETTE UNIVERSITIES EXPLORE JOINING FORCES Creating Oregon’s largest private university ...Read more INTERNATIONAL STUDENT INTEREST SHIFTS FROM THE U.S. TO ASIA AND EUROPE Volatile visa policies, travel bans and unwelcoming rhetoric from the Trump administration ...Read more NEW OWNERS FOR MAJOR PRIVATE UNIVERSITY COMPANY IN SOUTH AFRICA Old Mutual Private Equity has acquired Honoris United Universities, a major private education platform ...Read more NOVISTRA CAPITAL ADVISES MERAKI EDUCATION ON PARTNERSHIP WITH SPGS To establish St Paul’s Girls’ School; SPGS International School Dubai ...Read more MERGER UPDATE: EXETER AND NORTH DEVON COLLEGES GROUP Exeter College and Petroc College have merged, forming the Exeter and North Devon Colleges Group ...Read more MORE THAN 100 PRIVATE SCHOOLS FORCED TO CLOSE 'DUE TO VAT ON FEES' Labour’s move was "a bridge too far" for many independent schools ...Read more GEDU GROUP TO BECOME LARGEST FOREIGN EDUCATION INVESTOR IN INDIA By investing a further £200 million over the next three years, creating 1,500 jobs ...Read more HELPING LINKS ABOUT HEG’S M&A ADVISORY SERVICES Halladay Education Group (HEG) is a premier M&A advisory firm specializing exclusively in the private education sector across North America and internationally. With over 30 years of experience, HEG has successfully led the sale, acquisition, and recapitalization of a diverse range of educational institutions, including K-12 private schools, boarding and Montessori schools, early childhood centers, ESL programs, career colleges, and higher education platforms. We are a trusted advisor to private equity firms, institutional investors, operators, and family offices pursuing strategic growth, as well as school owners seeking full or partial exits. Backed by deep sector expertise, an extensive proprietary database of qualified buyers, and full-cycle transaction support, HEG has earned a reputation as one of the most active and respected firms in the field. To confidentially discuss your institution’s strategic options—whether a sale, merger, acquisition, or financing—and how emerging trends may impact your outlook, contact us at 1-800-687-1402. Please view our Corporate Brochure. info@halladayeducationgroup.com | 1-800-687-1492 | www.buyingandsellingschools.com View Our Brochure Contact Us View our Corporate Video Visit our website STAY CONNECTED Halladay Education Group Inc. | 4316 Arthur Drive | Delta, BC V4K 2W8 CA Unsubscribe | Update Profile | Constant Contact Data Notice

Email from Halladay Education Group Inc. Western Canada Flight School | $2.6M Fleet | 30%+ Margins | TC-Approved | $910K EBITDA PRIVATE SCHOOL SALES | VALUING YOUR SCHOOL | PRIVATE INQUIRIES Hello Douglas, Halladay Education Group is pleased to present School No. 346681, a profitable Western Canadian aviation training platform that integrates a Transport Canada–approved Flight Training Unit (FTU) within a provincially accredited private career college. The business is cash-generative, asset-backed, and built to scale, offering acquirers immediate entry into a capacity-constrained segment without the multi-year licensing and ramp-up cycle. Financial Snapshot Normalized EBITDA: $910K (FY2024-25 average), scaling to $1.05M in FY2026 Revenue Growth: $1.95M (FY2022) → $3.0M (FY2025) → $3.45M (FY2026F) Margins: Demonstrated 30%+ EBITDA margin profile Hard Asset Base: $2.6M, 11 aircraft fleet and Transport Canada-approved simulator Included Operations: integrated aviation maintenance function supporting fleet availability and continuity Strategic Advantages Regulatory Fortress Transport Canada FTU approval, provincial accreditation, DLI status, and Student Aid eligibility. Programs remain eligible for PGWP under the current immigration policy. Replicating this regulatory stack would require 24 months and $3M+ in capital. Market Tailwinds Transport Canada projects a 7,300-pilot shortfall by 2025. Regional carriers report 18-24 month hiring backlogs, while training capacity remains severely constrained. Aircraft delivery times exceed 12 months industry-wide. Capital-Efficient Growth The current fleet supports a 35% enrollment expansion without the need for aircraft acquisition. Student-per-aircraft ratios improve from 21 to 31, demonstrating significant capacity headroom—growth driven by scheduling optimization and instructor hiring—not campus build-out. Smooth Transition Support Experienced management team in place with deep institutional knowledge. The owner is committed to a transition period to ensure operational continuity. Key instructor staff and administrative personnel remain with the business. Diversified Revenue Streams 30% domestic (financial aid eligible) / 70% international (DLI-approved), plus employer-sponsored cohorts and government-funded training initiatives. Vertically integrated maintenance operations support fleet availability and capture additional margin. The Bottom Line With pilot shortages intensifying and training capacity constrained, established operators with existing fleets and regulatory approvals hold a significant competitive advantage. This platform offers immediate access to aviation's structural growth trends without the multi-year permitting risk or the need for major capital deployment. Next Step If you would like to explore this opportunity further, please click here to review the Teaser Doc and contact us to request an NDA. Upon execution, you’ll receive the Confidential Information Memorandum and access to the secure data room. 📞 Call us toll-free at +1.800.687.1492 📧 Email info@halladayeducationgroup.com To Your Continued Success, Douglas Halladay | President | Halladay Education Group TF: +1.800.687.1492 | C: +1.604.868.0002 Email: info@halladayeducationgroup.com WeChat: dhalladay | WhatsApp: 604.868.0002 Helpful Links About HEG’s M&A Advisory Services Halladay Education Group (HEG) is a premier M&A advisory firm specializing exclusively in the private education sector across North America and internationally. With over 30 years of experience, HEG has successfully led the sale, acquisition, and recapitalization of a diverse range of educational institutions, including K-12 private schools, boarding and Montessori schools, early childhood centers, ESL programs, career colleges, and higher education platforms. We are a trusted advisor to private equity firms, institutional investors, operators, and family offices pursuing strategic growth, as well as school owners seeking full or partial exits. Backed by deep sector expertise, an extensive proprietary database of qualified buyers, and full-cycle transaction support, HEG has earned a reputation as one of the most active and respected firms in the field.  To confidentially discuss your school’s options or learn how market trends may impact your strategy, contact us at 1-800-687-1492 or info@halladayeducationgroup.com. info@halladayeducationgroup.com | TF: 1-800-687-1492 | www.buyingandsellingschools.com View Our Brochure Contact Us View our Corporate Video Visit our website STAY CONNECTED Halladay Education Group Inc. | 4316 Arthur Drive | Delta, BC V4K 2W8 CA Unsubscribe | Update Profile | Constant Contact Data Notice

Email from Halladay Education Group Inc. Latest News & Updates: Cognita Strengthens Presence in Europe Volume 183 | January 1, 2026 Published By: Halladay Education Group Welcome To HEG’s Inner Circle eNews A Bi-Weekly Recap of Essential Reading For The Private School Sector PRIVATE SCHOOL SALES | VALUING YOUR SCHOOL | PRIVATE INQUIRIES Hello Douglas,  Happy New Year! As we begin 2026, I want to thank you for your continued partnership and trust. May this year bring you growth, success, and new opportunities in your educational endeavors. Welcome to the 183rd edition of HEG’s Inner Circle Private School eNews, where Halladay Education Group shares key insights into the latest investment activity shaping the global private education sector. HEG INSIGHTS Recent deal flow tells a consistent story: capital is moving toward scaled platforms with strong brands, predictable revenue, and proven operating models. Cognita's acquisition of Liceo Sorolla expanded their Spanish footprint in a key market. ISP's purchase of Collage Day School in Florida shows that premium operators with differentiated programs and strong assets remain highly attractive—especially when they can integrate into a larger platform. In the UK, Blenheim Schools added Mount House School for similar reasons. Smaller independents are increasingly seeking the stability and resources that come with platform ownership. Meanwhile, education M&A is expanding beyond traditional K-12. The Coursera-Udemy combination, valued at roughly $2.5B, reflects consolidation in lifelong learning as demand grows for enterprise upskilling and AI-driven training. Reducate's purchase of UK-based Learna—with 1,500+ active learners and university partnerships—shows buyers are paying for proven outcomes and defensible enrollment pipelines. At the same time, financially stressed institutions are exploring mergers, as seen with Appalachian School of Law's recent discussions amid cash and enrollment pressures. The market is splitting into two speeds: large transactions are getting larger, while mid-market volume remains slower. This favors well-prepared sellers. What this means for school owners: Premium valuations still happen, but they're increasingly going to schools that look "institutional" to buyers—clean financials, stable enrollment, strong leadership, and clear differentiation. Infrastructure tailwinds are strengthening too, from student housing investment to regulatory changes enabling fuller-campus offerings in growth markets. If you are thinking about a sale, forming a group, or pursuing targeted acquisitions, now is a great time to prepare for premium results. Contact Halladay Education Group for a confidential consultation. Reach out to us for a discreet discussion. To Your Continued Success, Douglas Halladay | President, Halladay Education Group TF: +1.800.687.1492 | C: +1.604.868.0002 Email: info@halladayeducationgroup.com WeChat: dhalladay | WhatsApp: 604.868.0002 Please view our Corporate Brochure and our Corporate Video. FEATURED OPPORTUNITIES  REPUTABLE & PROFITABLE K-12 DAY & INTERNATIONAL BOARDING SCHOOL Established Eastern Canadian co-ed private school with 300+ students, a 50-year history, and near-100% university placement. Projected to generate $8.2M revenue and $2.0M adjusted EBITDAR in FY26, with approximately 63% enrollment growth potential across a well-located multi-site urban campus. More Info. PREMIER CANADIAN FILM & DIGITAL ARTS COLLEGE - REVIEWING OFFERS Recognized as a premier institution for creative media education in Canada, offering cutting-edge programs designed and taught by award-winning industry professionals. More Info. FAST-GROWING CANADIAN POST-SECONDARY HEALTHCARE-FOCUSED NETWORK Premium career college group with over 22 campuses across nine cities, generating FY25 revenue of $35.7M and $9.1M in adjusted EBITDA. Delivers career-aligned programs, with 94% concentrated in high-demand fields primarily in healthcare. 100% domestic student base, strong cash flow profile, and meaningful upside through organic campus growth and targeted acquisitions. More Info. ACCREDITED CANADIAN DESIGN SCHOOL WITH STRONG FINANCIALS A leading career college in fashion, interior, and technical design, this accredited institution boasts a 98% domestic enrollment rate, modular hybrid programs, and rising course registrations. With revenue forecasted to exceed $2M and EBITDA projected at $615K by 2028, it presents a turnkey opportunity for strategic buyers seeking growth in the creative education sector. More Info. MARKET-LEADING CANADIAN MASSAGE THERAPY COLLEGE - REVIEWING OFFERS One of Western Canada’s most established and profitable massage therapy colleges, with 30+ years of operations and a nationally recognized track record of graduate success. Forecast FY2025 revenue of $2M and EBITDA of C$380K (18% margin), scaling to $2.7M and C$771K (29%) by FY2028. With 100% domestic enrollment, regulatory protection, and a trusted brand, it offers a cash-flow positive, recession-resilient platform with 2x EBITDA growth potential. More Info. PREMIUM EUROPEAN SUMMER CAMP PLATFORM - REVIEWING OFFERS With over five decades of operations and 350,000 alumni from 60 countries, Project Alpine is a leader in Europe’s premium summer camp sector. Forecasting FY2026 revenue of USD $7.2M and EBITDA of $1.2M, it combines strong brand equity, high-margin enrollments, and multi-channel programming. The platform offers investors a scalable, asset-backed opportunity with durable cash flows and clear growth potential. More Info. U.S. FOR-PROFIT K-12 BUYER | VOUCHER/ESA STATES Global K-12 operator seeking acquisitions of private for-profit day schools in voucher/ESA markets, with flexible deal and real estate structures. Targets include schools with $500K–$5M EBITDA, strong academics, and clear growth potential; suitable for single-site or small groups. Priority regions are FL, TX, AZ, GA; also IN, IA, OH, NC, UT, WV, AL, LA, OK, NH, and TN. The process is confidential, with founder-friendly terms and proven integration. More info. Contact us for confidential details. FEATURED NEWS COGNITA STRENGTHENS PRESENCE IN EUROPE WITH LICEO SOROLLA  cognita.com We welcome Liceo Sorolla International School in Madrid, Spain, to our worldwide community of over 100 schools... Read more COLLAGE DAY SCHOOL JOINS ISP GLOBAL COMMUNITY internationalschools.com Known for its hands-on learning approach, immersive experiences, and beautiful... Read more COURSERA AND UDEMY ENTER INTO A LANDMARK MERGER AGREEMENT techcrunch.com Valued at around $2.5B, ​Coursera and Udemy announced a merger agreement, bringing together two of the... Read more ALSO IN THE NEWS ADTALEM COMPLETES $150M SHARE REPURCHASE PROGRAM New 3-year, $750M authorization reflects confidence in company's fundamental strength ...Read more BLENHEIM SCHOOL BUYS LONDON'S MOUNT HOUSE SCHOOL Mount House School in Barnet will become part of Outcomes First Group ...Read more APPALACHIAN SCHOOL OF LAW CONSIDERS MERGER WITH ROANOKE COLLEGE Due to low enrollment and a lack of money ...Read more A NEW EDUCATIONAL LANDMARK FOR QATAR Wellington College International confirms a significant new partnership with Al Faleh Educational ...Read more GREYSTAR ACQUIRES A STUDENT HOUSING PORTFOLIO IN SPAIN FROM MERKEL CAPITAL Greystar, a global leader in the investment, development and management of high-quality rental housing ...Read more SAUDI ARABIA PERMITS PRIVATE SCHOOLS TO BUILD ON CAMPUS STUDENT RESIDENTIAL FACILITIES Saudi Arabia has taken significant steps to improve the infrastructure ...Read more REDUCATE EDTECH GROUP CONTINUES ITS EUROPEAN EXPANSION With the acquisition of Learna Holdings Limited, a leading UK-based provider of ...Read more AFTER A DEAL VALUE SURGE IN 2025, CFO'S SHOULD BRACE FOR A SPLIT M&A MARKET Early data from Deloitte's Survey shows rising optimism for dealmaking next year ...Read more 'THEY WON'T ALL SURVIVE': PRIVATE SCHOOLS BATTLING EACH OTHER FOR PUPILS More school closures and a 'consolidation of the market' are under way, one headteacher ...Read more HELPING LINKS ABOUT HEG’S M&A ADVISORY SERVICES Halladay Education Group (HEG) is a premier M&A advisory firm specializing exclusively in the private education sector across North America and internationally. With over 30 years of experience, HEG has successfully led the sale, acquisition, and recapitalization of a diverse range of educational institutions, including K-12 private schools, boarding and Montessori schools, early childhood centers, ESL programs, career colleges, and higher education platforms. We are a trusted advisor to private equity firms, institutional investors, operators, and family offices pursuing strategic growth, as well as school owners seeking full or partial exits. Backed by deep sector expertise, an extensive proprietary database of qualified buyers, and full-cycle transaction support, HEG has earned a reputation as one of the most active and respected firms in the field. To confidentially discuss your institution’s strategic options—whether a sale, merger, acquisition, or financing—and how emerging trends may impact your outlook, contact us at 1-800-687-1402. Please view our Corporate Brochure. info@halladayeducationgroup.com | 1-800-687-1492 | www.buyingandsellingschools.com View Our Brochure Contact Us View our Corporate Video Visit our website STAY CONNECTED Halladay Education Group Inc. | 4316 Arthur Drive | Delta, BC V4K 2W8 CA Unsubscribe | Update Profile | Constant Contact Data Notice

Email from Halladay Education Group Inc. Happy Holidays And A Joyful New Year Holiday Greetings from Halladay Education Group! Hello Douglas, As we approach the end of the year, I want to extend my sincere thanks for your continued interest, trust, and engagement with our firm. Whether we connected around the sale of a school, a potential acquisition, or simply through this newsletter, it has been a privilege to stay in touch and support your work in education. This past year has reminded me how resilient and dedicated school owners, investors, and education leaders are. I am grateful for the conversations, mandates, and relationships we have built together, and I look forward to working with you in the year ahead as new opportunities arise. I wish you and your loved ones a restful holiday season filled with peace, health, and quality time together. May 2026 bring you continued success, clarity in your plans, and progress toward your long-term goals. Warm Holiday Wishes and a Happy New Year, Douglas Halladay President Halladay Education Group TF: 1.800.687.1492 E: info@halladayeducationgroup.com WeChat: dhalladay | WhatsApp: 6048680002 Helpful Links Company Overview Halladay Education Group (HEG) is an industry-leading international Merger and Acquisition (M&A) consulting and advisory firm in the private education marketplace. We focus exclusively on investments in the private education sector in North America, and we are one of the most active M&A consulting firms in the private school field. We have significant consulting experience regarding the sale of private schools, specifically: early childhood, K-12, high school, boarding, ESL, career college, and university. We advise clients across North America and internationally regarding the sale of their private school and have a proven track record working with school owners to find the right buyer and support them with the complete sale of their school. Please view our Corporate Brochure. info@halladayeducationgroup.com | 1-800-687-1492 | www.buyingandsellingschools.com View Our Brochure Contact Us View our Corporate Video Visit our website STAY CONNECTED Halladay Education Group Inc. | 4316 Arthur Drive | Delta, BC V4K 2W8 CA Unsubscribe | Update Profile | Constant Contact Data Notice

Email from Halladay Education Group Inc. Latest News & Updates: School Specialty Acquires Nasco Education U.S. Volume 182 | December 15, 2025 Published By: Halladay Education Group Welcome To HEG’s Inner Circle eNews A Bi-Weekly Recap of Essential Reading For The Private School Sector PRIVATE SCHOOL SALES | VALUING YOUR SCHOOL | PRIVATE INQUIRIES Hello Douglas, Welcome to the 182nd edition of HEG’s Inner Circle Private School eNews, where Halladay Education Group shares key insights into the latest investment activity shaping the global private education sector. HEG INSIGHTS Recent deal flow across the global education sector indicates a clear trend: capital is consolidating into larger platforms with recognizable brands and reliable fee income. School Specialty's acquisition of Nasco Education in the US K-12 supplies market demonstrates buyers valuing scale and procurement synergies, even in mature niches. In Europe, St Francis International School joining Italy's Ingenium Education network and Roedean School's proposed merger with Mill Hill Education Group highlight independent schools seeking group backing while safeguarding their identity. Pomona College's talks to acquire Claremont Graduate University reflect a similar narrative in higher education, where ongoing deficits are encouraging standalone institutions to partner with stronger entities. In growth markets, the Jannie Mouton Foundation's bid for Curro and Wellington College's planned Jakarta campus, supported by billionaire Peter Lim, signals continued confidence in private school networks across emerging economies. The pattern remains consistent: acquirers are paying premium multiples for quality assets that offer scale, brand recognition, and international relevance, while smaller operators risk being valued mainly as consolidation opportunities. For school owners, the message is clear. If you're considering a sale or expansion, now is the time to assess your value, tighten your finances, and consult with an adviser who works in this market every day. Halladay Education Group would be happy to have a confidential discussion about your options or the schools we currently have for sale. If you are thinking about a sale, forming a group, or pursuing targeted acquisitions, now is a great time to prepare for premium results. Contact Halladay Education Group for a confidential consultation. Reach out to us for a discreet discussion. To Your Continued Success, Douglas Halladay | President, Halladay Education Group TF: +1.800.687.1492 | C: +1.604.868.0002 Email: info@halladayeducationgroup.com WeChat: dhalladay | WhatsApp: 604.868.0002 Please view our Corporate Brochure and our Corporate Video. FEATURED OPPORTUNITIES  REPUTABLE & PROFITABLE K-12 DAY & INTERNATIONAL BOARDING SCHOOL Established Eastern Canadian co-ed private school with 300+ students, a 50-year history, and near-100% university placement. Projected to generate $8.2M revenue and $2.0M adjusted EBITDAR in FY26, with approximately 63% enrollment growth potential across a well-located multi-site urban campus. More Info. PREMIER CANADIAN FILM & DIGITAL ARTS COLLEGE - REVIEWING OFFERS Recognized as a premier institution for creative media education in Canada, offering cutting-edge programs designed and taught by award-winning industry professionals. More Info. FAST-GROWING CANADIAN POST-SECONDARY HEALTHCARE-FOCUSED NETWORK Premium career college group with over 22 campuses across nine cities, generating FY25 revenue of $35.7M and $9.1M in adjusted EBITDA. Delivers career-aligned programs, with 94% concentrated in high-demand fields primarily in healthcare. 100% domestic student base, strong cash flow profile, and meaningful upside through organic campus growth and targeted acquisitions. More Info. ACCREDITED CANADIAN DESIGN SCHOOL WITH STRONG FINANCIALS A leading career college in fashion, interior, and technical design, this accredited institution boasts a 98% domestic enrollment rate, modular hybrid programs, and rising course registrations. With revenue forecasted to exceed $2M and EBITDA projected at $615K by 2028, it presents a turnkey opportunity for strategic buyers seeking growth in the creative education sector. More Info. MARKET-LEADING CANADIAN MASSAGE THERAPY COLLEGE - REVIEWING OFFERS One of Western Canada’s most established and profitable massage therapy colleges, with 30+ years of operations and a nationally recognized track record of graduate success. Forecast FY2025 revenue of $2M and EBITDA of C$380K (18% margin), scaling to $2.7M and C$771K (29%) by FY2028. With 100% domestic enrollment, regulatory protection, and a trusted brand, it offers a cash-flow positive, recession-resilient platform with 2x EBITDA growth potential. More Info. PREMIUM EUROPEAN SUMMER CAMP PLATFORM - REVIEWING OFFERS With over five decades of operations and 350,000 alumni from 60 countries, Project Alpine is a leader in Europe’s premium summer camp sector. Forecasting FY2026 revenue of USD $7.2M and EBITDA of $1.2M, it combines strong brand equity, high-margin enrollments, and multi-channel programming. The platform offers investors a scalable, asset-backed opportunity with durable cash flows and clear growth potential. More Info. U.S. FOR-PROFIT K-12 BUYER | VOUCHER/ESA STATES Global K-12 operator seeking acquisitions of private for-profit day schools in voucher/ESA markets, with flexible deal and real estate structures. Targets include schools with $500K–$5M EBITDA, strong academics, and clear growth potential; suitable for single-site or small groups. Priority regions are FL, TX, AZ, GA; also IN, IA, OH, NC, UT, WV, AL, LA, OK, NH, and TN. The process is confidential, with founder-friendly terms and proven integration. More info. Contact us for confidential details. FEATURED NEWS SCHOOL SPECIALTY LLC ACQUIRES NASCO EDUCATION U.S.  k12dive.com Brings leading education companies together to deliver a streamlined, comprehensive resource for... Read more ST. FRANCIS INTERNATIONAL SCHOOL JOINS INGENIUM EDUCATION NETWORK wantedinrome.com One of Rome’s most established international institutions, has officially joined the Ingenium... Read more POMONA IN TALKS TO ACQUIRE CLAREMONT GRADUATE UNIVERSITY insidehighered.com Claremont Graduate University, which has faced financial challenges over the last decade and seeking... Read more ALSO IN THE NEWS SOUTH AFRICAN BILLIONAIRE'S FOUNDATION GETS APPROVAL TO BUY PRIVATE SCHOOL GIANT For R7.2 Billion, Jannie Mouton’s Foundation has received approval to acquire Curro ...Read more ACQUISITION OF LIM COLLEGE BY JAPAN EDUCATIONAL FOUNDATION COMPLETED LIM remains independently operated in New York City and joins JEF’s international portfolio ...Read more BILLIONAIRE PETER LIM, WELLINGTON COLLEGE TO OPEN JAKARTA CAMPUS To tap into the growing demand for international schools across Southeast Asia ...Read more GLOBAL TRENDS IN INTERNATIONAL ENROLMENTS AND POLICIES AS WE HEAD INTO 2026 An end-of-year summary of what happened around the world in terms of enrolment trends ...Read more ROEDEAN SCHOOL PROPOSES MERGER WITH MILL HILL EDUCATION GROUP Roedean would be Mill Hill's most prestigious new member so far ...Read more PRIVATE EQUITY MAKES ITS FIRST COLLEGE SPORTS PLAY The University of Utah's board of trustees unanimously approved the creation of a for-profit company ...Read more UNACADEMY'S FOUNDER SAYS STARTUP IS NOW WORTH LESS THAN $500M, CONFIRMS M&A TALKS As the company undergoes a steep reset and explores merger and acquisition options ...Read more FITCH LEARNING COMPLETES ACQUISITION OF MOODY'S ANALYTICS LEARNING SOLUTIONS AND THE CANADIAN SECURITIES INSTITUTE Combined entity to accelerate financial services skills development and drive measurable business outcomes across 148 countries ...Read more HELPING LINKS ABOUT HEG’S M&A ADVISORY SERVICES Halladay Education Group (HEG) is a premier M&A advisory firm specializing exclusively in the private education sector across North America and internationally. With over 30 years of experience, HEG has successfully led the sale, acquisition, and recapitalization of a diverse range of educational institutions, including K-12 private schools, boarding and Montessori schools, early childhood centers, ESL programs, career colleges, and higher education platforms. We are a trusted advisor to private equity firms, institutional investors, operators, and family offices pursuing strategic growth, as well as school owners seeking full or partial exits. Backed by deep sector expertise, an extensive proprietary database of qualified buyers, and full-cycle transaction support, HEG has earned a reputation as one of the most active and respected firms in the field. To confidentially discuss your institution’s strategic options—whether a sale, merger, acquisition, or financing—and how emerging trends may impact your outlook, contact us at 1-800-687-1402. Please view our Corporate Brochure. info@halladayeducationgroup.com | 1-800-687-1492 | www.buyingandsellingschools.com View Our Brochure Contact Us View our Corporate Video Visit our website STAY CONNECTED Halladay Education Group Inc. | 4316 Arthur Drive | Delta, BC V4K 2W8 CA Unsubscribe | Update Profile | Constant Contact Data Notice

Email from Halladay Education Group Inc. Latest News & Updates: Blenheim Schools Buys London’s Mount House School Volume 181 | December 1, 2025 Published By: Halladay Education Group Welcome To HEG’s Inner Circle eNews A Bi-Weekly Recap of Essential Reading For The Private School Sector PRIVATE SCHOOL SALES | VALUING YOUR SCHOOL | PRIVATE INQUIRIES Hello Douglas, Welcome to the 181st edition of HEG’s Inner Circle Private School eNews, where Halladay Education Group shares key insights into the latest investment activity shaping the global private education sector. HEG INSIGHTS The deals featured in today’s newsletter reflect the ongoing stories we've been tracking—Blenheim Schools acquiring Mount House in London, LearnUpon taking over Courseau, Blackbaud purchasing SchoolBI, and Physics Wallah's successful IPO in India. These aren't random transactions; they demonstrate strategic capital moving toward differentiated education platforms with solid operations and smart tech integration. Meanwhile, across the U.S., Canada, and globally, independent school leaders and boards are engaging in more open discussions about whether joining a larger group is worthwhile, as they face tighter margins, increased regulatory demands, and uncertain succession plans. We monitor these trends not just as headlines but as strategic insights that help school owners understand their institutions' position in the market and how to maximize value when the time is right. Whether you're considering a transaction within the next 12-24 months or simply want to understand how buyers evaluate schools like yours, positioning and timing are vital to capturing full value and avoiding leaving money on the table. In this edition of HEG Insights, we explain what these market shifts mean for independent school owners and investors, and how our specialized private school M&A practice assists clients in choosing the right timing, structure, and buyers so that a transaction supports your school's mission for years to come. If you are thinking about a sale, forming a group, or pursuing targeted acquisitions, now is a great time to prepare for premium results. Contact Halladay Education Group for a confidential consultation. Reach out to us for a discreet discussion. To Your Continued Success, Douglas Halladay | President, Halladay Education Group TF: +1.800.687.1492 | C: +1.604.868.0002 Email: info@halladayeducationgroup.com WeChat: dhalladay | WhatsApp: 604.868.0002 Please view our Corporate Brochure and our Corporate Video. FEATURED OPPORTUNITIES  REPUTABLE & PROFITABLE K-12 DAY & INTERNATIONAL BOARDING SCHOOL Eastern Canada: Established co-ed private school with 300+ students, a 50-year legacy, and nearly 100% university placement. Generating $9.2M revenue and $3M adjusted EBITDAR (AY26), with 63% enrollment growth potential on a multi-site urban campus. More Info. PREMIER CANADIAN FILM & DIGITAL ARTS COLLEGE - REVIEWING OFFERS Recognized as a premier institution for creative media education in Canada, offering cutting-edge programs designed and taught by award-winning industry professionals. More Info. FAST-GROWING CANADIAN POST-SECONDARY HEALTHCARE-FOCUSED NETWORK Established career college group with +20 campuses across 9 cities, with FY25 $37M revenue and $11M adjusted EBITDA—delivering career-aligned programs with 94% focused on high-demand occupations primarily in healthcare. 100% domestic student base, strong cash flow, and significant growth potential through organic expansion and targeted acquisitions. More Info. ACCREDITED CANADIAN DESIGN SCHOOL WITH STRONG FINANCIALS A leading career college in fashion, interior, and technical design, this accredited institution boasts a 98% domestic enrollment rate, modular hybrid programs, and rising course registrations. With revenue forecasted to exceed $2M and EBITDA projected at $615K by 2028, it presents a turnkey opportunity for strategic buyers seeking growth in the creative education sector. More Info. MARKET-LEADING CANADIAN MASSAGE THERAPY COLLEGE - REVIEWING OFFERS One of Western Canada’s most established and profitable massage therapy colleges, with 30+ years of operations and a nationally recognized track record of graduate success. Forecast FY2025 revenue of $2M and EBITDA of C$380K (18% margin), scaling to $2.7M and C$771K (29%) by FY2028. With 100% domestic enrollment, regulatory protection, and a trusted brand, it offers a cash-flow positive, recession-resilient platform with 2x EBITDA growth potential. More Info. PREMIUM EUROPEAN SUMMER CAMP PLATFORM - REVIEWING OFFERS With over five decades of operations and 350,000 alumni from 60 countries, Project Alpine is a leader in Europe’s premium summer camp sector. Forecasting FY2026 revenue of USD $7.2M and EBITDA of $1.2M, it combines strong brand equity, high-margin enrollments, and multi-channel programming. The platform offers investors a scalable, asset-backed opportunity with durable cash flows and clear growth potential. More Info. U.S. FOR-PROFIT K-12 BUYER | VOUCHER/ESA STATES Global K-12 operator seeking acquisitions of private for-profit day schools in voucher/ESA markets, with flexible deal and real estate structures. Targets include schools with $500K–$5M EBITDA, strong academics, and clear growth potential; suitable for single-site or small groups. Priority regions are FL, TX, AZ, GA; also IN, IA, OH, NC, UT, WV, AL, LA, OK, NH, and TN. The process is confidential, with founder-friendly terms and proven integration. More info. Contact us for confidential details. FEATURED NEWS BLENHEIM SCHOOLS BUYS LONDON'S MOUNT HOUSE SCHOOL  schoolmanagementplus.com Mount House School in Barnet will become part of Outcomes First Group... Read more HH GROUP EXPANDS NATIONAL STUDENT HOUSING PROGRAM businessinsider.com With Strategic Yale University Acquisition, the transaction marks continued growth in high-barrier... Read more INSPIRED EDUCATION GROUP EXPANDS PRESENCE IN MEXICO inspirededu.com The acquisition of Picacho McGregor School offers significant opportunities for families in Mexico... Read more ALSO IN THE NEWS PHYSICS WALLAH ENJOYS A ROSY IPO DAY Bucking the broader slowdown in Indian edtech ...Read more LEARNUPON ACQUIRES AI LEARNING CREATION PLATFORM COURSEAU The acquisition builds on LearnUpon’s continued commitment to innovation and its vision ...Read more CELEBRATING SCHOOLBI'S ACQUISITION BY BLACKBAUD I’m thrilled to share and celebrate that our incredible York IE Labs client, SchoolBI, has ...Read more SURVEY: INTERNATIONAL STUDENTS ARE MOVING AWAY FROM U.S. COLLEGES Toward institutions in Europe and Asia ...Read more GOLD&S ACQUIRES SIWON SCHOOL EDUCATION DIVISION FROM SJW INTERNATIONAL For 5 billion won English education corporations GOLD&S will acquire the education business ...Read more KENT COLLEGE SPLITS, RUGBY SCHOOL DXB ARRIVES What happens to our children now? ...Read more 'THE PROS OUTWEIGH THE CONS' - HEADS URGE SCHOOLS TO JOIN GROUP Independent school mergers take hard work and patience, heads say - but they can be worth it ...Read more A MILESTONE FOR EDUCATION IN THE MIDDLE EAST Our Middle East region has signed a landmark MoU with ROSHN Real Estate Group ...Read more HELPING LINKS ABOUT HEG’S M&A ADVISORY SERVICES Halladay Education Group (HEG) is a premier M&A advisory firm specializing exclusively in the private education sector across North America and internationally. With over 30 years of experience, HEG has successfully led the sale, acquisition, and recapitalization of a diverse range of educational institutions, including K-12 private schools, boarding and Montessori schools, early childhood centers, ESL programs, career colleges, and higher education platforms. We are a trusted advisor to private equity firms, institutional investors, operators, and family offices pursuing strategic growth, as well as school owners seeking full or partial exits. Backed by deep sector expertise, an extensive proprietary database of qualified buyers, and full-cycle transaction support, HEG has earned a reputation as one of the most active and respected firms in the field. To confidentially discuss your institution’s strategic options—whether a sale, merger, acquisition, or financing—and how emerging trends may impact your outlook, contact us at 1-800-687-1402. Please view our Corporate Brochure. info@halladayeducationgroup.com | 1-800-687-1492 | www.buyingandsellingschools.com View Our Brochure Contact Us View our Corporate Video Visit our website STAY CONNECTED Halladay Education Group Inc. | 4316 Arthur Drive | Delta, BC V4K 2W8 CA Unsubscribe | Update Profile | Constant Contact Data Notice

Email from Halladay Education Group Inc. Latest News & Updates: Inspired Education enters Canada with Newton's Grove School Volume 180 | November 15, 2025 Published By: Halladay Education Group Welcome To HEG’s Inner Circle eNews A Bi-Weekly Recap of Essential Reading For The Private School Sector PRIVATE SCHOOL SALES | VALUING YOUR SCHOOL | PRIVATE INQUIRIES Hello Douglas, Welcome to the 180th edition of HEG’s Inner Circle Private School eNews, where Halladay Education Group shares key insights into the latest investment activity shaping the global private education sector. HEG INSIGHTS The private education M&A landscape is revealing key value signals that savvy owners and investors cannot afford to overlook. Recent transactions tell a compelling story: Upgrad's acquisition of Unacademy at roughly 90% below its peak valuation demonstrates how quickly ed-tech multiples can collapse when growth projections do not materialize. Conversely, Spartan Education Group's purchase of Aviator Air Flight School shows continued interest in skill-based training platforms, while Edmentum's acquisition of MajorClarity indicates the premium buyers are willing to pay for comprehensive K-12 pathway solutions. Closer to home, Canadian private school enrolment in choice programs increased 25% year-over-year—a fundamental shift in demand that is reshaping competitive dynamics. These transactions highlight three key strategic imperatives: timing is crucial—exit windows close quickly when performance falls short of projections; integrated service models command higher valuation premiums as buyers seek comprehensive student lifecycle solutions; and regulatory trends like increased school choice provide significant advantages for well-placed operators. At Halladay Education Group, we focus solely on private education M&A because we understand what creates value in your market segment. Whether you're considering a strategic exit, exploring consolidation opportunities, or pursuing accretive acquisitions, our cross-border expertise in Canadian and U.S. regulatory environments, along with our proprietary buyer network, helps ensure you maximize transaction value when market conditions align with your goals. If you are thinking about a sale, forming a group, or pursuing targeted acquisitions, now is a great time to prepare for premium results. Contact Halladay Education Group for a confidential consultation. Reach out to us for a discreet discussion. To Your Continued Success, Douglas Halladay | President, Halladay Education Group TF: +1.800.687.1492 | C: +1.604.868.0002 Email: info@halladayeducationgroup.com WeChat: dhalladay | WhatsApp: 604.868.0002 Please view our Corporate Brochure and our Corporate Video. FEATURED OPPORTUNITIES  REPUTABLE & PROFITABLE K-12 DAY & INTERNATIONAL BOARDING SCHOOL Eastern Canada: Established co-ed private school with 300+ students, a 50-year legacy, and nearly 100% university placement. Generating $9.2M revenue and $3M adjusted EBITDAR (AY26), with 63% enrollment growth potential on a multi-site urban campus. More Info. PREMIER CANADIAN FILM & DIGITAL ARTS COLLEGE - REVIEWING OFFERS Recognized as a premier institution for creative media education in Canada, offering cutting-edge programs designed and taught by award-winning industry professionals. More Info. FAST-GROWING CANADIAN POST-SECONDARY HEALTHCARE-FOCUSED NETWORK Established career college group with +20 campuses across 9 cities, with FY25 $37M revenue and $11M adjusted EBITDA—delivering career-aligned programs with 94% focused on high-demand occupations primarily in healthcare. 100% domestic student base, strong cash flow, and significant growth potential through organic expansion and targeted acquisitions. More Info. ACCREDITED CANADIAN DESIGN SCHOOL WITH STRONG FINANCIALS A leading career college in fashion, interior, and technical design, this accredited institution boasts a 98% domestic enrollment rate, modular hybrid programs, and rising course registrations. With revenue forecasted to exceed $2M and EBITDA projected at $615K by 2028, it presents a turnkey opportunity for strategic buyers seeking growth in the creative education sector. More Info. MARKET-LEADING CANADIAN MASSAGE THERAPY COLLEGE One of Western Canada’s most established and profitable massage therapy colleges, with 30+ years of operations and a nationally recognized track record of graduate success. Forecast FY2025 revenue of $2M and EBITDA of C$380K (18% margin), scaling to $2.7M and C$771K (29%) by FY2028. With 100% domestic enrollment, regulatory protection, and a trusted brand, it offers a cash-flow positive, recession-resilient platform with 2x EBITDA growth potential. More Info. PREMIUM EUROPEAN SUMMER CAMP PLATFORM - REVIEWING OFFERS With over five decades of operations and 350,000 alumni from 60 countries, Project Alpine is a leader in Europe’s premium summer camp sector. Forecasting FY2026 revenue of USD $7.2M and EBITDA of $1.2M, it combines strong brand equity, high-margin enrollments, and multi-channel programming. The platform offers investors a scalable, asset-backed opportunity with durable cash flows and clear growth potential. More Info. U.S. FOR-PROFIT K-12 BUYER | VOUCHER/ESA STATES Global K-12 operator seeking acquisitions of private for-profit day schools in voucher/ESA markets, with flexible deal and real estate structures. Targets include schools with $500K–$5M EBITDA, strong academics, and clear growth potential; suitable for single-site or small groups. Priority regions are FL, TX, AZ, GA; also IN, IA, OH, NC, UT, WV, AL, LA, OK, NH, and TN. The process is confidential, with founder-friendly terms and proven integration. More info. Contact us for confidential details. FEATURED NEWS INSPIRED EDUCATION ENTERS CANADA WITH NEWTON'S GROVE SCHOOL  studytravel.network Global schools group Inspired Education has entered the Canadian market with the acquisition of a K-12... Read more UPGRAD IN TALKS TO ACQUIRE UNACADEMY FOR $300-320 MILLION economictimes.com Under the proposed structure, Unacademy shareholders will receive shares in Upgrad, valued at $2 billion... Read more SPARTAN EDUCATION GROUP ACQUIRES AVIATOR AIR FLIGHT SCHOOL spartan.edu Expanding Pilot Training Network SEG is proud to announce the acquisition of Aviator Air Flight School... Read more ALSO IN THE NEWS NEW ACQUISITION BY EDMENTUM CREATES COMPREHENSIVE PLATFORM To help students chart their path beyond high school ...Read more HOW PUBLICLY TRADED EDUCATION COMPANIES ARE PERFORMING We’re keeping track of companies’ profits, losses and strategies to monitor major developments ...Read more GENIUS GROUP ACQUIRES STAKE IN BALI EDUCATION PROJECTS FOR $7.1M Genius Group has acquired a 51% ownership stake in two Bali-based education projects ...Read more KEY POINT ACADEMY HAS JOINED THE AFFINITAS EDUCATION GROUP Marking an exciting new chapter for one of Miami’s most respected schools ...Read more TRIOS EDUCATION GROUP PARTNERS WITH DEVRY UNIVERSITY Partnership will provide IT students with a direct pathway to degree completion ...Read more LESSONS FROM A COLLEGE MERGER ON HIGHER EDUCATION'S NEXT CHAPTER Colleges that stay agile can withstand the shifting higher ed landscape and serve students better ...Read more PRIVATE SCHOOL CHOICE JUMPS 25% IN ONE YEAR States like Arkansas, Iowa, West Virginia and Florida are seeing sharp increases ...Read more BRITISH PRIVATE SCHOOLS CHASE NEW MONEY IN NEW YORK AND SINGAPORE Rugby School is steeped in over 400 years of history ...Read more HELPING LINKS ABOUT HEG’S M&A ADVISORY SERVICES Halladay Education Group (HEG) is a premier M&A advisory firm specializing exclusively in the private education sector across North America and internationally. With over 30 years of experience, HEG has successfully led the sale, acquisition, and recapitalization of a diverse range of educational institutions, including K-12 private schools, boarding and Montessori schools, early childhood centers, ESL programs, career colleges, and higher education platforms. We are a trusted advisor to private equity firms, institutional investors, operators, and family offices pursuing strategic growth, as well as school owners seeking full or partial exits. Backed by deep sector expertise, an extensive proprietary database of qualified buyers, and full-cycle transaction support, HEG has earned a reputation as one of the most active and respected firms in the field. To confidentially discuss your institution’s strategic options—whether a sale, merger, acquisition, or financing—and how emerging trends may impact your outlook, contact us at 1-800-687-1402. Please view our Corporate Brochure. info@halladayeducationgroup.com | 1-800-687-1492 | www.buyingandsellingschools.com View Our Brochure Contact Us View our Corporate Video Visit our website STAY CONNECTED Halladay Education Group Inc. | 4316 Arthur Drive | Delta, BC V4K 2W8 CA Unsubscribe | Update Profile | Constant Contact Data Notice