Largest chain buys five sites
Wednesday, June 18, 2003
Asquith Court Schools, the UK's largest nursery chain, has acquired the London-based Rivertide Group in a move that further consolidates its position as market leader. The Rivertide Group, established in 1996, operates five nurseries in Twickenham, Eltham, Islington, Peckham Rye and Orpington. The acquisition will add a further 250 day nursery places to the 6,066 the nursery chain currently provides.
The Rivertide Group, established in 1996, operates five nurseries in Twickenham, Eltham, Islington, Peckham Rye and Orpington. The acquisition will add a further 250 day nursery places to the 6,066 the nursery chain currently provides.
Asquith Court's chief executive Phillip Rhodes said, 'The successful acquisition of the Rivertide Group is part of the long-term growth strategy of Asquith Court to maintain its leadership of the rapidly growing childcare market.'
Lesley Coombs, Rivertide's managing director, added, 'The Rivertide nurseries have much to offer Asquith Court and in turn, Asquith Court has much to offer us. I am confident that our staff and customers will benefit from the new ownership.'
