Emeryville, CA (PRWEB) April 09, 2013
Greybull Stewardship, a unique, long-term oriented partnership of business owners investing in exceptional small businesses, announces the acquisition of Real Estate Institute and its sister company, Bookmark Education. Both companies are headquartered in Niles, IL, which neighbors Chicago. Terms of the acquisition were not disclosed.
Since 1992, Real Estate Institute has been a leader in Illinois providing high quality online, classroom, and independent study programs for professional licensees. Known for outstanding customer service, the company’s positive reputation with loyal students has enabled growth beyond its real estate roots to include insurance, mortgage, and legal professionals. Last year more than 20,000 professionals completed programs with the school.
After directing the company’s operations for nearly ten years, Larry Toban will become the Real Estate Institute President as part of a planned management transition. Larry helped to select Greybull Stewardship from nearly a dozen firms that competed for the opportunity to invest with him in the company’s growth. “This is a game changer for the organization. We are excited to work with Greybull as we expand our expert team of employees and instructors who are all passionate about fulfilling our students' education and compliance requirements,” said Larry Toban.
“I’m delighted that Greybull Stewardship understands the core strengths and potential of our business. With Greybull’s investment, support, and long-term investment approach, I’m confident that Real Estate Institute and its employees will continue to prosper,” added Alan Toban, founder. Former owners Alan and Ellen Toban will assist Greybull Stewardship throughout the transition.
“Real Estate Institute is an exciting acquisition for Greybull Stewardship. The company is a leader in its space and poised for continued growth in the ever-expanding education market,” said Mason Myers, founder and general partner of Greybull Stewardship. “We see exciting opportunities to offer new and more diversified programs.”
About Greybull Stewardship
In 2010, Mason Myers founded Greybull Stewardship to provide business financing and funding sources in support of profitable, growing companies. Greybull is a long-term oriented partnership of business owners that has invested in five exceptional small to medium-sized businesses where the current management team chose to maintain a significant equity ownership position. Greybull Stewardship provides private businesses with a new option for raising capital that avoids some of the risks of taking investment from a traditional private equity firm or a competitor, such as changing the company culture or forcing growth rates, exit timing, strategic decisions, or ways of operating. More information available at http://www.GreybullStewardship.com or http://www.masonmyers.com business financing blog.