- Associated Press - Sunday, September 14, 2014

OKLAHOMA CITY (AP) - Platt College has new owners, but it won’t get a new name.

STVT-AAI Education Inc., which does business as Ancora Education, purchased Platt for an undisclosed amount. The school will retain its name at all of its campuses, The Journal Record reported (https://bit.ly/WECVou ).

Ancora Education CEO Michael Zawisky said he was familiar with Platt because he previously visited the school to accredit its courses. The college has two campuses in Oklahoma City and locations in Moore, Tulsa and Lawton. The school has programs in nursing, health care and culinary science.

Platt College started in 1979 as a proprietary institution in Tulsa. According to its website, it was known as one of the first business colleges west of the Mississippi River.

“I just knew they were a great brand,” Zawisky said. “We’re extremely excited. It’s a great affinity for the Platt school and for the students. It’s only a positive for us and it will be the same for the faculty and the students.”

He said the company didn’t want to change the school’s name because of its reputation in the area.

“The Platt brand means something to the students, employees and the community,” he said. “It would be a disservice to the brand to change it to some sort of inanimate object. That would be confusing.”

Ancora owns South Texas Vocational Technical Institute, with campuses in San Antonio, Corpus Christi, McAllen, Brownsville and Weslaco, Texas. It also owns the Arizona Automotive Institute in Glendale, Arizona. The company is headquartered in Hurst, Texas.

Zawisky said Platt was positioned for sale when its former owner, AEA Investors LP, put its two schools, Platt and Southwest Florida College, on the block. He said his company’s proximity to the Oklahoma campuses will make it easy to visit the schools.

The purchase discussion started in August 2013, and the sale was finalized about a year later on Aug. 19. Zawisky said this will likely be the company’s only purchase in the state.

“Not that we don’t have an interest in (other schools), but I think with these campuses, we have a good position in Oklahoma,” he said. “These schools have a lot of opportunity for growth. We will invest and continue to grow these campuses.”

Ancora is evaluating the needs of each campus and meeting with faculty members.

“We would hope to have across-the-board improvements on the student experience,” he said.

The first investment will be made on the campuses’ restaurants, which can be found at Moore and Oklahoma City locations.

“We will have an investment in classrooms, labs and cafes pretty quickly,” he said.


Information from: The Journal Record, https://www.journalrecord.com

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