Congratulations to Simonds Group Limited who have reached agreement to sell its subsidiaries House of Learning and City-Wide Building & Training Services to UP Education.
House of Learning and City-Wide Building & Training Services provide accredited vocational education and training in building and construction.
“This is a good outcome for all stakeholders. Simonds has been proud of the success and growth of Builders Academy Australia and CWBTS and their expanded delivery of courses that enable students across Australia to gain qualifications through classroom, workplace and online courses that increase their career and employment opportunities within the building and construction sector. We believe that UP Education will be a great custodian for this business going forward,” said Rhett Simonds, Simonds Group CEO and Executive Chairman.
Grant Thornton acted as corporate advisor to the Simonds Management Team and Board.
“The sale is a great fit for both parties. For UP Education, it extends its reach and expansion into the Australian vocational education market, while the sale also allows Simonds to streamline its focus on its core residential housing business,” said Peter Thornely, Partner at Grant Thornton Australia.