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Precious Cargo Update

We are pleased to announce that on Monday, 8th July 2024, Mayfield Childcare entered into an agreement to acquire Precious Cargo's seven operating centres, pending the execution and completion of binding transaction agreements. As of the 8th, Mayfield has taken over management of Precious Cargo.

The move will ensure that Precious Cargo’s seven childcare centres in Blackwood, Collinswood, Lockleys, Marion, St Peters, Westbourne Park and Woodville Park continue to operate as usual in the community.

Both companies are complementary in their approach and dedicated to providing quality education you can count on while encouraging independence, self‐esteem and a sense of belonging.

What does this mean?

  1. Consistency in high‐quality education and care: Precious Cargo will join the Mayfield family and continue to deliver Montessori inspired programs. Families will continue to receive the same high‐quality care across all seven childcare centres and your child’s educators will remain in their current roles.
  2. New opportunities: Precious Cargo will also benefit from learnings across Mayfield’s national footprint, experienced support office and infrastructure investments, to create a better experience for children and their families.
  3. Stability and reliability: Mayfield will ensure long‐term stability and reliability for families. The integration will be seamless, with no disruptions to your child's routine or care. As an ASX‐listed company, Mayfield adheres to rigorous financial and operational standards, ensuring transparency and accountability. Families can trust Precious Cargo will thrive under the support of Mayfield’s robust operations and proven track record in the childcare industry.

We are excited at the prospect of leveraging both companies’ strengths to provide high‐quality early education services that are tailored to the unique needs of each child and family.

If you have questions, please do not hesitate to contact Donna Brine, Precious Cargo Operations Manager at donna@preciouscargoeducation.com.au.