VSS Portfolio Company Divests Two Special Needs Schools
New York – January 25, 2018 – VSS, a private investment firm focused on the information, healthcare services, tech-enabled business services, and education industries, announced it has divested special education schools, Rebecca School and Aaron School, subsidiaries of its portfolio company MetSchools, LLC. The schools were acquired by Sequel Youth and Family Services, a portfolio company of Altamont Capital Management.
MetSchools is an education management company that oversees a family of schools and serves students in New York City. Rebecca School, established in 2006, provides a therapeutic program for children ages 3 – 21 with neurodevelopmental delays in relating and communication, including autism spectrum disorders. Aaron School, established in 2003, serves K-12 students with reading, writing, math, attention, sensory, and social disabilities. Going forward, MetSchools will continue operating the other schools in its portfolio.
“Our mission has always been to provide children with a broad range of academic disciplines together with a stimulating and culturally enriching environment. We take great pride in having created leading specialty education programs in NYC, and Sequel Youth and Family Services is the perfect fit for the Rebecca School and Aaron School to continue on that trajectory,” said Kevin McCarthy, MetSchools, CEO.
David Bainbridge,VSS Managing Director added, “We are excited about the outcome and look forward to developing quality, mainstream educational programs for private school students and parents in New York City.”
Signal Hill acted as exclusive financial advisor to MetSchools.
VSS (www.vss.com) is a private investment firm that invests in the information, healthcare services, tech-enabled business services, and education industries. VSS provides capital for growth financings, recapitalizations, strategic acquisitions and buyouts to lower middle market companies and management teams with the goal of building companies organically as well as through a focused add-on acquisition program. VSS makes privately-negotiated investments across the capital structure and has the ability to invest in situations requiring control or non-control equity, mezzanine securities and structured equity securities.
Formed in 2013, MetSchools, LLC, is an education management company overseeing a family of schools serving approximately 1000 students in the New York City area. Offering a wide variety of educational programs, MetSchools develops and maintains its own specialized curriculum to ensure that all of our students receive an educational program which meets their individual needs, and exceeds their expectations. MetSchools boasts of an exceptional array of highly qualified educators and Program Directors and has been featured in NBC and HBO for the quality of its programs.