Headwaters MB advised Redstone College, a leading Colorado based aviation maintenance school, on its sale to Spartan College a portfolio company of Sterling Partners. Terms of the transaction were not disclosed.
Founded in 1965, Redstone College offers training in airframe and power plant, avionics, wind energy and HVAC. Since the school’s beginning, it has trained more than 15,000 students with career-focused educations in a variety of targeted in-demand and growing fields.
Bob Balaban, Managing Director at Headwaters MB commented, "Sterling Partners is a strong manager of for-profit educational assets, with particular expertise in Aviation, and we are pleased to find such a terrific fit in a transaction partner for Redstone College."
About Redstone College
Redstone College was founded in 1965 to offer Airframe and Powerplant training and in 1989 it expanded its curriculum to include Avionics training. In 2005 and 2006 the curriculum grew to include Heating/Ventilation/Air Conditioning/Refrigeration and Construction Management. In 2010 we have the honor of incorporating Wind Energy Technology to the curriculum. Redstone College is accredited by the Accrediting Commission of Career Schools and Colleges. For more information, visit www.redstone.edu.
About Spartan College
Providing excellence in Aeronautics Instruction since 1928, Spartan trains pilots and aviation technicians. Spartan is an accredited aeronautical school located in Tulsa, Oklahoma, offering diploma programs and Associate of Applied Science and bachelor’s degrees. Its Aviation Maintenance Technology programs are approved by the Federal Aviation Administration (FAA). There are over 90,000 Spartan alumni. For more information, visit www.spartan.edu.
About Sterling Partners
Sterling Partners is a private equity firm with a distinct point of view on how to build great companies. Founded in 1983, Sterling has invested billions of dollars, guided by the company’s stated purpose: INSPIRED GROWTH™, which describes Sterling’s approach to buying differentiated businesses and growing them in inspired ways. Sterling focuses on investing growth capital in small and mid-market companies in industries with positive, long-term trends – education, healthcare, and business services. Sterling provides valuable support to the management teams of the companies in which the firm invests through a deep and dedicated team of operations and functional experts based in the firm’s offices in Chicago, Baltimore, and Miami. For more information, visit www.sterlingpartners.com.