Touchstone Advisors Announces Sale of Woodhouse Academy
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NEW HAVEN, CT, UNITED STATES, February 2024
Touchstone Advisors is pleased to announce the sale of Woodhouse Academy to New Story Schools, a provider of special and alternative education and pediatric mental health solutions for children with serious and complex challenges. New Story is a subsidiary of Audax Private Equity.
“It is always rewarding to work on a transaction where it is evident that the seller and buyer are in alignment. New Story is poised to maintain the focus on student development that Woodhouse has become known for throughout Connecticut,” said Deborah Agrafojo, Partner at Touchstone.
Established in 2002, Woodhouse Academy is a Connecticut State approved special education school. The company provides an unparalleled educational, emotional, and therapeutic haven for adolescent students who have been diagnosed with internalizing psychological issues, Autism Spectrum Disorder, and/or Learning Disabilities. The company will continue to operate as Woodhouse Academy, including current leadership, teachers and staff.
“We feel confident that we chose the right buyer with New Story. They remain committed to the focus, student profiles and philosophies of Woodhouse Academy,” said Barbara Feldman, the school’s former Chief Administrator and owner. “Their vision and goals for the school definitely aligned with what we were looking for in a buyer,” added David Feldman, Chief Business Officer and co-owner.
Founded in 1997, New Story provides education, therapeutic and clinical programs designed to meet the needs of each child to promote their achievement, growth, and development. They have 75+ locations concentrated in Ohio, Virginia, Pennsylvania, Maryland, New Jersey, New York, Connecticut and Massachusetts.
“David and I are very proud of the Woodhouse program and reputation and firmly believe that Woodhouse Academy will maintain its same level of excellence within the New Story group of schools,” stated Barbara Feldman.
Steven Pappas and Deborah Agrafojo of Touchstone Advisors served as exclusive M&A advisor to Woodhouse Academy.
For more information, please contact Deborah Agrafojo of Touchstone Advisors at (936) 689-2501 or dagrafojo@touchstoneadvisors.com
