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Hadlow College has been announced as the preferred bidder to take over the running of K College in three Kent towns.
Thirty organisations applied to take it over, which was later whittled down to a shortlist of eight potential providers.
The new agreement covers the sites in Tonbridge, Tunbridge Wells and Ashford.
It completes K College’s agreement with the Minister for Further Education, Matthew Hancock, to identify alternative providers as quickly as possible, as part of a transition process which began 18 months ago.
Chair of Governors for Hadlow College, Nicolas Coffin, said the college's aim was to work with K College to "deliver outstanding education and training to suit the individual needs of the different communities."
He added: "We perceive this as a wonderful opportunity for students, staff and
businesses to create a real pathway to sustainable success.
Principal Paul Hannan said the college had been working on the project for more than a year and were thrilled to be chosen as preferred bidder.
He added: "Over the last year we have received great support for our work from all the local communities involved.
"This will be a fantastic opportunity to create ‘outstanding’ provision in each town to mirror that provided at Hadlow College.
"This will provide excellent further and higher education opportunities for the local people, for business and for employers."
Hadlow College now has six months before the new and enlarged Hadlow Group is launched on August 1.
"I am delighted that our innovative educational and financial strategy to transform K College has been accepted" - Matt Lumsdon-Taylor
Intensive work will now start, he said, to ensure the larger college delivers outstanding teaching across the group.
Mark Lumsdon-Taylor, Director of Finance & Resources said: "This is a very clear steer from the Board of K College that the importance of a local solution is critical to the future of students in Kent.
"I am delighted that our innovative educational and financial strategy to transform K College has been accepted.
"The development of the new organisation will make a real difference to local and regional communities, business, individuals and the wider landscape of Kent."
Hadlow College is Ofsted rated as an ‘outstanding’ higher and further education college.
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