Heavy Equipment Colleges of America sold to Argosy Private Equity

On December 9, 2024, Heavy Equipment Colleges of America (HECOA), a U.S. institution specializing in heavy equipment and crane operator training, announced its acquisition by Argosy Private Equity. This partnership is seen as a strategic move aimed at enhancing HECOA's educational impact while simultaneously expanding its certification programs across the nation. The shift comes in response to increasing demands in the infrastructure and construction sectors due to federal investment in infrastructure projects, as highlighted by data from the U.S. Bureau of Labor Statistics. The acquisition underscores the need for skilled heavy equipment operators, with a projected growth in demand over the next decade. HECOA has positioned itself to meet these demands by providing specialized training and certifications. The partnership with Argosy Private Equity means that HECOA will gain access to new resources and expertise to scale its operations and innovate its training methods, thus maintaining its industry-leading status. Additionally, HECOA's management has established strong relationships with important entities such as the Department of Veteran Affairs and the Accrediting Commission of Career Schools and Colleges (ACCSC), which are crucial for maintaining accreditation and support. This acquisition is expected to deepen HECOA's collaborations with industry partners, thus ensuring that the institution can address the evolving workforce needs effectively. In summary, the acquisition by Argosy Private Equity marks a new chapter for HECOA, aiming to significantly enhance its training capabilities and educational offerings. Moving forward, HECOA plans to introduce new programs and initiatives that will better serve students and industry partners, solidifying its role in the critical area of infrastructure development and workforce training.