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Nobel Learning history
Nobel Learning company history timeline
Nobel began operating in 1984 as Rocking Horse Child Care Centers of America Inc., a Cherry Hill, New Jersey-based operator of private child-care centers.
1988: Following the company's first acquisition campaign, there are 41 Rocking Horse child-care centers in operation.
He raised money for much-need restructuring through private placements, initially raising $2 million by selling stock and private holdings and raising another $2.5 million in 1993.
1993: Rocking Horse changes its name to Nobel Education Dynamics, Inc.
Once the company's financial health was restored, Clegg also began acquiring and expanding preschools, elementary, and middle schools, a mode of expansion that touched off in 1994.
Clegg also announced aggressive acquisition plans, endeavoring to dramatically increase the $44 million in sales the company recorded at the end of 1995.
In 1998, the company formed a joint venture with Developmental Resource Center, Inc. (DRC), owned by Doctor Deborah Levy, a developer of special education programs.
1998: Renamed Nobel Learning Communities, Inc., the company acquires three schools catering to the learning-challenged.
Nobel also moved in several other new directions in 1999, as Clegg shaped the company into a comprehensive education facility for the next century.
1999: Nobel Learning acquires five specialty high schools from Houston Learning Academy.
Late in 1999, Nobel began offering tutorial and diagnostic programs under the name Nobel Learning Advantage.
The company eclipsed the $100 million-in-sales mark in 1999, recording $109 million in sales, more than twice the total collected five years earlier.
Nobel entered the charter school market in 1999 as well, facilitating a nonprofit entity’s application for a charter from the School District of Philadelphia.
With the additions to the company’s operating scope made in 1999, the opportunities for growth increased commensurately, positioning Nobel to attract students of all ages and abilities within a given community.
Clegg explained his company's success in a profile in Inc. (December 2000) by saying education was "not a money problem.
The total K-12 market was estimated at $2.5 billion in 2001, and it was growing at around 20 percent annually.
The first clue that the situation was changing at Nobel came when the company announced in mid-2002 that it was being bought out and taken private by an entity formed by two investment companies and certain Nobel senior executives.
Both jobs had been held by Jack Clegg, and the company began searching for a new CEO. A few months later, in July 2003, Nobel announced that it had gotten another big investment, this time $6 million from a Baltimore-based private equity firm called Camden Partners.
A year later, the company had reduced its debt, brought in money through sales of assets, and raised its school operating profit, but Nobel still finished 2004 with a net loss of close to $6.6 million.
Covell, Jeffrey; Woodard, A. "Nobel Learning Communities, Inc. ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/nobel-learning-communities-inc
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Nobel Learning competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Frayser Community Schools | 2014 | $21.0M | 350 | - |
| Kenilworth Science and Technology School | 2012 | $3.8M | 125 | 1 |
| Houston ISD | 1879 | $5.5B | 28,652 | - |
| Creekside Christian Academy | 1996 | $1.9M | 50 | - |
| Akiba-Schechter Jewish Day School | 1949 | $3.5M | 30 | - |
| The Marin School | 1981 | $1.4M | 50 | - |
| Village Green Virtual | 2013 | $430,000 | 9 | 2 |
| BRASS CITY CHARTER SCHOOL | 2013 | $440,000 | 50 | - |
| Banyan School | 1993 | $5.0M | 34 | - |
| Park Day School | 1976 | $8.4M | 20 | - |
Nobel Learning history FAQs
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Nobel Learning may also be known as or be related to NOBEL LEARNING COMMUNITIES INC, Nobel Learning, Nobel Learning Communities, Nobel Learning Communities Inc and Nobel Learning Communities, Inc.