Scottsdale-based Cadence Education, one of the largest providers of early childhood education in North America, announces today the completed acquisition of 15 of The Children’s Workshopschool locations in Rhode Island and Massachusetts. The Children’s Workshop, a family-owned chain of early childhood schools and child care centers, that previously operated 21 locations, and was a leading provider throughout Massachusetts and Rhode Island, offering high-quality early childhood education to more than 2,000 students daily. The transaction closed Dec. 14, 2018 and financial terms of the transaction are not disclosed. Under the terms of the agreement, all acquired The Children’s Workshop schools will be rebranded in 2019 to Cadence Academy Preschool.
With the acquisition of The Children’s Workshop, Cadence now owns and operates more than 200 private preschools and elementary schools across the US. Headquartered in Scottsdale, Ariz. The company is led by Dave Goldberg, Cadence Education’s President and CEO.
“This is an exciting transaction for Cadence Education and this new expansion in the Northeast US further enhances our position as a leading educational provider throughout North America,” comments Goldberg. “Over the years, The Children’s Workshop has built a great reputation in this region and offers to the growing Cadence Education family a significant number of skilled and highly talented teachers and team members. Our mission to provide parents with peace of mind by giving children an exceptional education every fun-filled day in a place as nurturing as home, aligns perfectly with what The Children’s Workshop has been doing for years. We proudly welcome to our team The Children’s Workshop students, families and staff, along with its corporate and community partners.”
The Children’s Workshop locations included in this transaction include Massachusetts schools in Bourne, North Attleboro, Norwood, Waltham, West Bridgewater, Raynham, Hanover, Westborough and Seekonk; and Rhode Islandschools in Cranston, East Greenwich, Lincoln, North Kingstown, Smithfield and Westerly.
“For over quarter of a century, The Children’s Workshop has built solid, trustworthy relationships with its customers by consistently offering warm, nurturing, environments where children can explore and learn,” states Margaret Teller, CEO of The Children’s Workshop. “By combining operations with Cadence, we are starting an exciting new chapter in The Children’s Workshop story. This opportunity brings forth added resources and capabilities to our schools and allows us to enhance our enrichment programs. Cadence Education shares our steadfast commitment to our children and families, and we anticipate a productive and successful future for our employees and our students.”
