Monday, February 11, 2013

Saint Augustine's University discusses plans to acquire Saint Paul's Collge

The Executive Committee of the Saint Augustine's University Board of Trustees met with the Executive Committee of the Saint Paul's College Board of Trustees to discuss an acquisition of Saint Paul's College located in Lawrenceville, Virginia. Founded in 1888, Saint Paul's College is one of three historically black colleges affiliated with the Episcopal Church. Saint Augustine's University and Voorhees College are the other two. Saint Augustine's University is located in Raleigh, NC.

Both boards agreed to move forward with joint management of the Saint Paul's College operations beginning January 1, 2013. The joint management agreement will allow Saint Augustine's University to complete its due diligence on the proposed acquisition while providing support to the Saint Paul's College campus. A plan is being developed that will create a campus of Saint Augustine's University at the Saint Paul's College site.

Saint Augustine's University is committed to preserving the legacy and history of Saint Paul's College. This strategic decision by both boards will allow for enhanced educational opportunities for the students currently enrolled in both institutions and will support the vision of the greater Lawrenceville community.

"There continues to be a number of unknowns; however, we are excited about the possibilities as we move forward in a cautious and responsible manner. Our main responsibility continues to be the on-going health, and viability of Saint Augustine's University. We have a tremendous opportunity ahead of us - a chance to create a model for other institutions with challenging circumstances. And, a chance for both of these fine institutions to leave their footprints on the future," said President Dianne Boardley Suber.