Bright Horizons Family Solutions® (NYSE: BFAM), a leading provider of employer-sponsored child care, early education, and work/life solutions, today announced it has acquired Pennsylvania-based Hildebrandt Learning Centers®, welcoming its centers, staff and leaders to the Bright Horizons family along with the children, families, and clients they serve.
Hildebrandt operates 40 high-quality child care centers in Pennsylvania and the Mid-Atlantic area. Like Bright Horizons, Hildebrandt has a strong portfolio of employer-sponsored centers and a reputation for quality and commitment to NAEYC accreditation. Hildebrandt manages the work site child care programs for many widely respected employers in the Mid-Atlantic area including many colleges and universities, corporations, health care and government agencies.
"We have long respected Bill Grant and the Hildebrandt Learning Centers team and are excited to welcome the educators and leaders from Hildebrandt to the Bright Horizons family along with the children, families, and clients they serve," said Bright Horizons CEO David Lissy. "They have built an outstanding reputation for quality early care and education in the Mid-Atlantic region, and their like-minded commitment to support employers across a broad array of industries makes this an excellent match for Bright Horizons and a welcome addition to our family."
"We are thrilled to join forces with Bright Horizons, whom we have respected for many years as a leader in our field. They will be able to provide the children, families, and clients that we serve with additional resources and support that will only serve to enhance what we have built over the years. I am very proud of the work the Hildebrandt team has accomplished and very much look forward to our next chapter as part of Bright Horizons," said Hildebrandt CEO William Grant.
The acquisition closed on May 19, 2015, and financial terms were not disclosed.