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Redwoods Dowling Kerr and Altius Corporate are delighted to announce the acquisition of Toybox Day Nurseries, by one of the leading corporate nursery groups, Treetops Day Nurseries. The acquisition was facilitated by Paul Miller, and Andrew Steen of Altius Corporate Sales, alongside Lucie Wright, Director of Sales for Redwoods Dowling Kerr.
Treetops Nurseries will take over 3 of the award-winning Toybox Nurseries; Biggleswade, Stotfold, and the original Sandy site, which was established in 1998. Two of the nurseries were acquired on a freehold basis, whilst the other was attained on a 99 year-long leasehold basis. The biggest nursery is the purpose built Biggleswade site, which is registered for 148 children. All the nurseries have an excellent reputation for care and development, and two of the three nurseries have been awarded Outstanding in previous Ofsted reports.
Redwoods Dowling Kerr and Altius Corporate were approached by Treetops and understood the group’s strategic acquisition requirements. Treetops wishes to extend their already impressive portfolio with nurseries that have an established reputation for excellence with a strong team of staff already in place, and which are a good geological fit for the group.
Redwoods Dowling Kerr and Altius Corporate identified these qualities within the Toybox portfolio and entered into discussions with the vendors in August 2012. The deal with Treetops was concluded in February 2013, taking less than six months to complete.
This deal and the length of time to completion reinforces Redwoods Dowling Kerr’s longstanding belief that the market continues to outperform expectations. The sale comes in quick succession of a similar deal towards the end of last year
Redwoods Dowling Kerr’s Director of Sales, Lucie Wright said: “I am delighted to confirm that Redwoods Dowling Kerr has secured this acquisition for Treetops, as one of the largest and most prominent groups within the UK.”
Paul Miller, CEO of Altius Corporate added: “The acquisition is a strong strategic fit for Treetops and provides a superb opportunity, not only for growth but for Treetops to expand their existing portfolio with premier nurseries which have been run by the vendors to the highest standard, with fantastic staff training, facilities and quality throughout.”
David Hancock, Managing Director of Treetops Nurseries commented: “Having RDK as one of our strategic partners has been a terrific help. RDK clearly understand what we look for in a potential acquisition, this enables us to focus on the right opportunity and get an outcome that will strengthen the Treetops brand”.