Nov. 22, 2012: Summer Street Capital Invests in Midwest Technical Institute
BUFFALO, N.Y. — Private equity fund manager Summer Street Capital Partners announced that it has invested in Midwest Technical Institute (MTI), a private, post-secondary school providing career education in the fields of HVACR, welding, allied health, and cosmetology with five campuses across Illinois and Mississippi.
This transaction is Summer Street’s third platform investment in the post-secondary career school industry. Though terms of the transaction were not disclosed, Summer Street manages in excess of $550 million of capital to make equity investments that typically range from $15 to $30 million. Summer Street said it is investing to further promote MTI’s mission to provide industry-driven career education for students, leading to enhanced employment opportunities.