Edleun Group buys 3 child care centres in Ontario for $4M; passes Alberta centre

Canadian Press

CALGARY – The Edleun Group, Inc. says its has completed the acquisition of three child care centres in the Greater Toronto Area involving 356 licensed spaces in a deal valued at $4 million.

The centres, which have 112, 83 and 161 licensed spaces respectively, are all located in premises under long-term leases “in a major commercial node of the Mississauga, Ont., area.”

The company also said that, after due diligence, it had decided not to acquire a 70-licensed-space centre in Airdrie, Alta.

Edleun now has a total of 4,641 licensed spaces in 44 early learning and care centres, including centres owned and transactions previously announced to acquire, redevelop or build.