Greybull Stewardship, my long-term oriented partnership of business owners investing in exceptional small businesses, announces the acquisition of Real Estate Institute and its sister company, Bookmark Education. Both companies are headquartered in Niles, IL, which neighbors Chicago.
Since 1992, Real Estate Institute has been a leader in Illinois providing high quality online, classroom, and independent study programs for professional licensees. Known for outstanding customer service, the company’s positive reputation with loyal students has enabled growth beyond its real estate roots to include insurance, mortgage, and legal professionals. Last year more than 20,000 professionals completed programs with the school.
After directing the company’s operations for nearly ten years, Larry Toban will become the Real Estate Institute President as part of a planned management transition. Larry helped to select Greybull Stewardship from nearly a dozen firms that competed for the opportunity to invest with him in the company’s growth. “This is a game changer for the organization. We are excited to work with Greybull as we expand our expert team of employees and instructors who are all passionate about fulfilling our students’ education and compliance requirements,” said Larry Toban.
“I’m delighted that Greybull Stewardship understands the core strengths and potential of our business. With Greybull’s investment, support, and long-term investment approach, I’m confident that Real Estate Institute and its employees will continue to prosper,” added Alan Toban, founder. Former owners Alan and Ellen Toban will assist Greybull Stewardship throughout the transition.
“Real Estate Institute is an exciting acquisition for Greybull Stewardship. The company is a leader in its space and poised for continued growth in the ever-expanding education market,” said Mason Myers, founder and general partner of Greybull Stewardship Business Investment Fund. “We see exciting opportunities to offer new and more diversified programs.”