Education Futures Group, LLC

June 1, 2006
Contact: Lauren B. Sinai

Texas Post-Secondary School Becomes First Holding of Education Futures Group, LLC

Prospect Partners and Veteran Post-Secondary School Operator Jim Tolbert Acquire Computer Career Center

CHICAGO, Ill.—June 1, 2006: Prospect Partners, LLC and veteran post-secondary school operator Jim Tolbert are pleased to announce the acquisition with management of Computer Career Center of El Paso, Texas. Computer Career Center is the first investment of Education Futures Groups, LLC, formed last year by Prospect Partners and Mr. Tolbert to acquire smaller accredited post-secondary schools throughout the United States and abroad.

Founded in 1985, Computer Career Center provides specialized post-secondary vocational training and occupational education programs to help students in southwest Texas achieve their career goals. The school offers a wide array of programs -- including allied health, business, IT and legal curricula -- that award associate degrees and diplomas.

Prospect Partners and Mr. Tolbert partnered with Computer Career Center President Lee Chayes in the acquisition. Ms. Chayes, who will continue to oversee the company as President, is a shareholder in the new company. Mr. Tolbert is Chief Executive Officer both of Education Futures Group and of Computer Career Center.

"We are very impressed with Lee and the school she has built," says Mr. Tolbert. "Computer Career Center is a high-quality, growing school in a dynamic market and is led by an experienced operator and team."

Adds Maneesh K. Chawla, a Principal at Prospect Partners, "Computer Career Center is a great fit with the Education Futures Group strategy and will be an excellent platform for growth. As we expand, we will look at adding new campuses either organically or by making additional acquisitions that meet our criteria."

Prospect Partners and Education Futures Group will focus on acquisitions of smaller accredited post-secondary education operating companies -- those with revenues between $1 million and $10 million -- in secondary markets across the United States, where the target companies could benefit from an operationally-oriented buyer with a strong capital base.

"We are experienced buyers in the education market and can navigate today's regulatory hurdles to complete a transaction," Mr. Chawla says. "Jim is a seasoned executive with tremendous experience, capability and credibility in the post-secondary education industry. He also has a highly visible leadership position within the sector as Chairman of the Career College Association."

Prior to forming Education Futures Group, Mr. Tolbert was Chief Financial Officer and minority owner of Education Corporation of America, a leading operator of post-secondary schools in the southeastern United States and a former portfolio company of Prospect Partners. Prospect Partners and Education Corporation of America management, including Mr. Tolbert, formed the company in 1999 to acquire Virginia College, then an $11 million post-secondary technical school with two campuses in Alabama. Over the next five years, Education Corporation of America grew to nine campuses in four southeastern states and approximately $60 million in revenues. In December 2004, Prospect Partners and management recapitalized Education Corporation of American with another financial buyer, which became the lead investor in the company.

For more information on Education Futures Group, visit or email Mr. Tolbert at

About Prospect Partners, LLC

Prospect Partners, LLC, of Chicago, Illinois is a leading investor in unique lower-middle-market companies, managing two private equity funds totaling $270 million. Since its founding in 1998, Prospect Partners has focused on management-led leveraged acquisitions and has invested in more than 50 small niche leaders with revenues typically between $10 and $30 million; the firm's investments span many niche consumer, specialty distribution and service markets throughout the United States. For more information on Prospect Partners, please visit



Back to Press Releases

August 14, 2007
Prospect Partners' Education Platform Acquires Third Post-Secondary Operating School, Expands Presence in Texas
June 8, 2007
Prospect Partners Expands Post-Secondary Operating School Platform With Acquisition of Utah Institution
June 20, 2005
Education Futures Group, LLC, Formed to Acquire Post-Secondary Education Companies