Middle market private equity investor Ridgemont Equity Partners has formed a strategic partnership with The Speech Pathology Group (SPG), a school and centre-based provider of behavioural health and therapeutic services to children with autism and other special needs in Northern California.
Ridgemont and SPG have formed Autism Intervention Services, a management services organisation, to support SPG’s growth. Financial terms of the transaction were not disclosed.
“Ridgemont is excited to partner with SPG, whose clinical excellence, quality outcomes and strong reputation amongst therapists, schools and families provides a strong foundation for growth,” says Scott Poole, Partner at Ridgemont. “We are looking forward to working closely with the team to help expand SPG’s therapy offering in multiple care settings in order to meet the growing demand within its communities.”
“We are proud of the high-quality services we provide and our commitment to helping our clients achieve their full potential,” says Susan Stark, MS, CCC-SLP and Founder and President of SPG. “Our partnership with Ridgemont will allow us to expand our service offering and enhance our ability to serve the autism community. Ridgemont has deep experience investing in behavioural health and we are excited for the future growth of SPG.”
Capstone Headwaters LLC served as financial advisor to SPG. Financing for the transaction was provided by Crescent Direct Lending and BMO Sponsor Finance. McGuireWoods and Donahue Fitzgerald provided legal services to Ridgemont and SPG, respectively. Cain Brothers, a division of KeyBanc Capital Markets, served as financial advisor to Ridgemont.