LIVONIA – New Horizons Great Lakes Holding Corporation has acquired eleven franchise territories containing nine training centers in the Northeast United States, making the company the largest ownership group in the United States within the New Horizons worldwide network of training centers. Terms were not announced.
The new centers include New York City, Boston, Philadelphia, Hartford and Fairfield, CT, Providence, RI, Iselin, NJ and Nashua, NH. These new locations join the seven current locations that are already owned and operated by New Horizons including Livonia, Troy, Lansing and Grand Rapids, MI, Chicago and Rosemont, IL, and Cleveland, OH. The company plans to open four new training center locations within the next 12 months in Deerfield, IL, Long Island, NY, Westchester, NY and Princeton, NJ.
“This is a very exciting acquisition for our company,? said Mark McManus Jr., CEO of New Horizons Great Lakes Holding Corporation. ?These new locations not only represent a significant growth opportunity, but come with an outstanding management team. Many of the key leaders within this new region have 10 or more years of management experience within the post-secondary education market.”
Mark and other key executives will be spending a significant amount of time over the next few months within the Northeast region visiting and getting to know the new team of employees, key customers and partners.
“Mark McManus and his father opened the first New Horizons franchise location in Livonia, MI in 1992 and have been considered thought leaders within the New Horizons network since. We strongly support this acquisition and are very excited about the company?s strategy for future growth,” said Earle Pratt, President and CEO New Horizons Worldwide, Inc. “Mark is one of our strongest franchise owners from a financial, operational and leadership perspective.”
