The Wicks Group has acquired Southern Technical College, a Florida-based Title IV post secondary institution.
Southern Technical College is a privately owned post secondary technical college with six campuses in central Florida offering six different career and academic programs to over 1,000 students. Programs include Medical Assisting, Medical Billing and Coding, Applied Electronics Technology – HVAC, and Electrical Trades. Southern Technical College is based in Orlando (www.southerntech.edu).
The Wicks Group manages private equity funds that invest in selected segments of the information, education, and media industries. The firm has invested in companies that are active in educational publishing, educational services, database and information services, affinity marketing services, consumer publishing, medical information services, radio and television broadcasting, outdoor advertising, and cable television distribution. Since its founding in 1989, Wicks has invested over $1 billion of capital in 28 platform companies and approximately 100 add-on acquisitions. The firm is based in New York (www.wicksgroup.com).
MidCap Advisors, led by John Parnell, a Managing Director and head of the firm’s Education Practice Group, advised the Euliano family, owners of Southern Technical College, in the sale to Wicks. “This transaction would not have happened without an incredible amount of guidance and support from John Parnell and MidCap Advisors. Retaining him as an advisor was integral to completing this deal,” said John Euliano, who founded Southern Technical in 2000.
MidCap Advisors specializes in providing small and mid-size companies with mergers and acquisitions services, capital raising, business valuations, and strategic advice. The firm has offices in New York, Chicago, San Francisco, Philadelphia, Kansas City, Charlotte, Charleston and Boston (www.midcapadvisors.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 10-25-12
