Corporate Guaranty from Busy Bees U.S. Holdings (119+ Locations in the U.S.)
– Busy Bees is ranked #4 for the top operators by Global Unit Count (990+ Locations)
– Busy Bees has grown to 990 nurseries, catering to 100,000 children and has expanded its operations across the UK, Europe, US, Canada, Singapore, Malaysia, Vietnam, Australia, and New
Zealand with ambitious plans for strategic growth.
Busy Bees Acquires BrightPath in 2017 – Backed by Ontario Teachers’ Pension Plan
– BrightPath was Acquired by Busy Bees in 2017.
– The Ontario Teachers’ Pension is Invested in Busy Bees, and Has Invested in Brands Like 24 Hour Fitness and Flynn Restaurant Group as Well as Several Others.
– BrightPath Kids is one of North America’s largest child care providers.
– There are currently child care centers across Canada and the USA including New York, Massachusetts, Connecticut, Delaware, Ohio, and Kentucky. Entry to the U.S. market occurred in 2019.
Demand For Child Care Remains Extremely Strong
– The U.S. child care market size was valued at USD 60.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.18% from 2023 to 2030.
– The key factor driving the growth is the rising demand for early daycare & education services with more parents returning to working in offices, the rising number of single & working mothers, advancements in learning technologies for children, and the accessibility of government funding.
– The expenditure on daycare in the U.S. is very high. As per the cost of care survey facilitated by the U.S. Department of Health and Human Services, the expenditure on these services reached up to 7% of the household income in 2021.
– Families in the U.S. are willing to spend more on child care services, indicating the high service demand in the U.S.
Chicago MSA – 3rd Largest Metro in the U.S.
– Chicago-Naperville-Elgin is one of the largest metros in the nation. The Chicagoland area is bounded to the east by Lake Michigan, expands over a 5,000-square-mile region in northeastern
Illinois and extends into Wisconsin and Indiana.
– The metro houses 9.6 million people and comprises 14 counties. The city of Chicago contains 2.7 million residents.
– Consumer spending on Education and Child Care in a 5-Mile Radius exceeds $52,000,000/Year.
