Middle-market private equity firm Nautic Partners has partnered with management to acquire Source4Teachers, a Cherry Hill, NJ-based provider of outsourced substitute teacher and paraprofessional managed services to K-12 schools.
The terms of the transaction were not disclosed. Prudential Capital Group provided financing for the transaction.
Through its Source4Teachers and MissionOne divisions, S4T is a provider of outsourced substitute teacher and paraprofessional managed services to K-12 schools in the eastern United States.
Established in 2000 and led by Kevin Bush, President, the company also provides teachers with a path to contribute to the education of students. S4T provides substitute teachers, paraprofessionals, and educational support staff to over 150 K-12 school districts.