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BrightStar Education Group was formed to pursue a consolidation of for-profit post-secondary education schools, with a focus in allied health, business, technology, culinary and other vocational curricula. Arlington has committed $50 million of equity capital towards this effort. BrightStar’s strategy includes organic growth through additional curricula and new campuses, the cross-utilization of curricula among separate schools, and the implementation of initiatives to standardize, replicate, and leverage successful internal processes. BrightStar’s strategy will also include strategic investments and acquisitions.
Thus far, BrightStar has acquired Institute of Technology, a leading for-profit post-secondary education company that serves approximately 1,700 students through four locations in northern and central California: Fresno/Clovis, Modesto, Sacramento and Roseville. The Company is accredited by the Accrediting Commission of Career Schools and Colleges of Technology (ACCSCT), licensed by California’s Bureau for Private Postsecondary and Vocational Education (BPPVE), and is also authorized by the U.S. Department of Education to participate in Title IV programs.
BrightStar is being led by its Chief Executive Officer, Jim Haga, who was previously the Group Vice President of Operations of Kaplan Higher Education. Arlington is also pleased to announce that Robert Christie, formerly the President and CEO of Thomson Learning, the second-largest global education and learning company; the Honorable Tony Coelho, five-time U.S. Congressman and formerly the House Majority Whip; and John Danielson, a Principal of The Dilenschneider Group and formerly Chief of Staff to U.S. Department of Education Secretary Rod Paige, have agreed to serve as Board members of BrightStar.
(Press Release: Formation of BrightStar and Acquisition of Institute of Technology)
(Press Release: BrightStar Hires Jim Haga as CEO)
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