ExecuTrain Buys Dallas Location From Franchise Owner For Estimated $2M
EXCLUSIVE: Classroom IT trainer ExecuTrain (Alpharetta, Ga.) in early July acquired a Dallas franchise center from owner Damian Decell, in a deal estimated at $2 million. The center, one of the original 88 locations when ExecuTrain was founded in 1984, is the second largest of the company’s locations in the U.S., after the Atlanta operation.
“We needed more of a feel for what the franchisees go through,” said ExecuTrain president Michael Addison. “Dallas was on our radar as being a good location, and discussions led to the purchase.”
Decell will stay on to run the local office as well as provide field support for a region that includes Texas, New Mexico, Colorado, North Dakota, South Dakota, Kansas and Nebraska.
Since March, when ExecuTrain of the Southwest owner Guy Sanford pulled his eight locations out of the network, rebranding them as SkillRamp (LLMR, March 21), the company has opened new centers in Los Angeles and San Diego, and is planning to open two more in Phoenix and Las Vegas in the near future, Addison said. A third new site, in SkillRamp’s home market of Sacramento, Calif., is under consideration.
“We have candidates [for franchise ownership] in Phoenix and Las Vegas,” he said.
ExecuTrain: (800) 843-6984; www.executrain.com
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