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School of Rock receives investment from Sterling Partners

The Paul Green School of Rock Music has received a growth capital investment from Sterling Partners.

The Paul Green School of Rock Music has received a growth capital investment from Sterling Partners.

The capital will be used to provide the resources, systems and tools necessary to build additional performance-based music schools to serve the growing interest from students around the country.

Sterling Partners, a private equity firm with core competency in education, helped build Sylvan Learning Centers into a national brand.

The Paul Green School of Rock Music first opened its doors in Philadelphia in 1998 and has since grown to 49 schools, both company-owned and franchised, around the country. It offers a programme that includes both private lessons and performance-based teaching.

The students from School of Rock have performed in front of two million people in shows coast to coast, including both community-based concerts and a national touring group, the School of Rock All-Stars.

School of Rock chief executive Matt Ross says: ‘I am extremely excited about our new partnership with Sterling. The financial investment is vital but Sterling is also known for providing intellectual capital and strategic resources that will go a long way in helping us develop a world-class brand. Our customers, our franchise operators and our employees will all see a measurably improved system in the near term and a company that is committed to innovation and the highest quality service over the long term.’

‘In School of Rock, we see an innovative, differentiated and proven method of inspiring children to pursue a passion for music,’ says Sterling Partners principal Shoshana Vernick. ‘Paul Green and Matt Ross have done an excellent job laying the foundation of this business. We believe with Sterling’s partnership, the current business is poised to achieve significant growth, and deliver the gift of music to students for years to come.’

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