The Stepping Stones Group (Stepping Stones) acquired The Futures Health Group (Futures); both organizations provide behavioral health services for children. Financial terms were not disclosed. Stepping Stones is a portfolio company of Five Arrows Capital Partners, the North American corporate private equity business of Rothschild & Co. Merchant Banking.
Stepping Stones provides therapeutic, behavioral, autism, nursing and educational services to children in school, home and community settings. The company serves over 900 clients and 200,000 children annually across 42 states.
Founded in 1998, Futures provides K-12 staffing services across speech therapy, occupational therapy, physical therapy, special education, nursing, mental health, and other disciplines to schools and health care facilities across the United States. It has locations in Arizona, California, Illinois, Indiana, Massachusetts, Michigan, and Ohio.
Five Arrows Capital Partners (FACP) is the North American corporate private equity arm of Rothschild & Co’s Merchant Banking business. Merchant Banking manages over $18 billion which includes approximately $4.5 billion dedicated to corporate private equity, as well as a series of funds focused on senior and junior credits, primary and secondary fund investing and co-investments, with offices in Paris, London, New York, Los Angeles and Luxembourg. FACP is focused on investing in middle-market companies with highly defensible market positions; strong management teams; business models with high visibility of organic unit volume growth and strong free cash flow conversion; and multiple operational levers that can be used to unlock latent value. Sectors are limited to data and software, technology-enabled business services and health care. “Five Arrows Capital Partners continues to support Stepping Stones’ management team acquisitive growth strategy as they expand the company’s national geographic footprint and service offerings to deliver critical developmental services to children and adolescents,” stated Michael Langer, partner at Five Arrows Capital Partners.
This was reported by The Stepping Stones Group on May 5, 2021.
Contact information: Tim Murphy, Chief Executive Officer, The Stepping Stones Group, 123 North Upper Wacker Drive, Suite 1150, Chicago, Illinois 60606; 800-337-5965; Email: email@example.com; Website: http://www.thesteppingstonesgroup.com
Contact information: Erin Edwards, Ed.D., CCC/S-LP, President, The Futures Health Group, LLC, Home Office & Eastern Regional Office, 136 William Street, Springfield, MA 01105; 800-218-9280; Email: firstname.lastname@example.org; Website: https://discoverfutures.com/