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Epicquest Education Announces That Its 70%-Owned Ameri-Can Subsidiary Completes Its Acquisition Of Davis College

PUBLIC · EEIQDec 13, 2022

Acquiring Company

EpicQuest Education Group International Limited

Acquired Company

Davis College

MiddletownEducationEducationNon ProfitE LearningTrainingCorporate Training

Description

EpicQuest Education Group International Limited (NASDAQ: EEIQ), (the "Company" or "EpicQuest Education"), a provider of comprehensive education solutions for domestic and international students interested in college and university programs in the US, Canada and the UK, today announced that on December 1, 2022, Ameri-Can Education Group Corp. ("Ameri-Can") completed its acquisition of Davis College. On November 26, 2021, EpicQuest Education acquired 70% of Ameri-Can which, at that time, held the right to the underlying equity of Davis College in the form of a $1 million loan, which was converted into 100% of the common stock of Davis College.

Quick answer

EpicQuest Education Group International Limited is acquiring Davis College, announced December 13, 2022. EpicQuest Education Group International Limited is based in Middletown, Ohio, United States.

How much did EpicQuest Education Group International Limited pay for Davis College?
The deal value was not disclosed.
What does EpicQuest Education Group International Limited do?
EpicQuest Education Group International Limited ("EpicQuest Education" or the "Company"), through its subsidiaries Quest Holding International LLC and Highrim Holding International Limited, provides comprehensive..
Where are EpicQuest Education Group International Limited and Davis College based?
EpicQuest Education Group International Limited is based in Middletown, Ohio, United States.

Source: Fundz verified event record.

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Company Information

Company

EpicQuest Education Group International Limited

Location

Middletown, Ohio, United States

About

EpicQuest Education Group International Limited ("EpicQuest Education" or the "Company"), through its subsidiaries Quest Holding International LLC and Highrim Holding International Limited, provides comprehensive education solutions for domestic and international students interested in university and college degree programs in the US, Canada and the UK. The Company has acquired 80% of the equity of EduGlobal College, based in British Columbia, Canada, which focuses on English proficiency educational programming for students pursuing academic degrees. The Company has also acquired a 70% equity ownership position in Davis College, a career training college located in Toledo, Ohio. In addition, the Company has a recruiting relationship with the regional campuses of Miami University of Ohio ("the MU Regional Campuses"), where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University. The Company also acts as a recruiting agent for the University of the West of Scotland (through The Education Group (London) Ltd) and Coventry University, both of which are located in the United Kingdom. For more information, please visit https://www.epicquesteducation.com/.

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Frequently asked

Who acquired Davis College?

Davis College was acquired by EpicQuest Education Group International Limited, based in Middletown. The deal was reported on December 13, 2022. EpicQuest Education Group International Limited is publicly traded (EEIQ) and operates in Education.

When did EpicQuest Education Group International Limited acquire Davis College?

EpicQuest Education Group International Limited's acquisition of Davis College was reported on December 13, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Davis College do?

Davis College was founded in 1858 and is a private, two-year career training college located in Toledo, Ohio. Davis College offers a specialized professional career training curriculum in the fields of business, medical, and early childhood education. It is privately held, operating in Education.

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