The Stepping Stones Group


The Stepping Stones Group (“SSG”) is a provider of therapy and education solutions to children with special needs and autism in school-based settings. The Company provides services to over 300 school districts and 42,000 children across more than 25 states.


In December 2017, SSG was acquired by Five Arrows Capital Partners, the North American corporate private equity business of Rothschild Merchant Banking, the investment arm of Rothschild & Co. In April 2018, Florac invested in the business alongside FACP and other investors.

SSG is one of the industry’s leading players in providing educational services to children with special needs. The Company’s clients include school districts seeking outsourced therapists to provide in-school care to students. Today, SSG offers a suite of clinical solutions including Speech Language Pathology (SLP) and Occupational Therapy (OT) services with an increasing focus on School Psychology, Special Education Teaching, and Applied Behavioral Analysis (ABA). The outsourced, third-party clinician staffing model that the Company offers its customers enables them to efficiently and adequately respond to their constantly changing special education needs amidst a backdrop of rising special needs student populations.

Key Achievements

In recent years, SSG has streamlined sales and recruiting processes, developed professionalized back-end capabilities, expanded the digital marketing functions, and built a premier technology platform that was integrated across all operating divisions. The Company’s proprietary technology platform is highly customized to meet the unique needs of school districts and behavioral health clinicians.

Most recently in early 2018, the Company acquired Cobb Pediatric Therapy Services, a provider of Speech Language Pathology, Occupational Therapy, Physical Therapy, and School Psychology services to school districts in the Southeastern United States. Cobb represents the latest chapter in SSG’s successful history of M&A, which also includes AlphaVista Services (acquired in June 2016) and Staffing Options & Services (acquired in June 2017). As part of the larger SSG platform, Cobb will be able to empower even more students, schools, therapists, and parents.

Going forward, SSG will continue to broaden its footprint and deliver its best-in-class services to even more students. Through further organic growth and strategic tuck-in acquisitions in core and adjacent verticals, SSG will expand its service offerings and continue down the path to becoming the provider of choice for the U.S. school district community.

Investment Date

April 2018


Healthcare Services

Investment Type

Minority Investment


Chicago, IL, USA


SSG Stepping Stones Group