Okehampton based Stepping Stones Day Nursery & Pre-School has been sold to iStep Learning in a deal facilitated by specialist childcare business broker, Redwoods Dowling Kerr.
The impressive nursery and pre-school is registered for up to 85 children. Established 24 years ago, Stepping Stones has been successfully run by the same owners throughout its trading history. Rated ‘Good’ by Ofsted, the business has consistently benefitted from high occupancy levels.
Stepping Stones came onto the market following the owners’ decision to retire from the childcare sector.
The team at Redwoods Dowling Kerr have worked previously with new owners iStep Learning. An existing operator with more than 20 nurseries, iStep works collaboratively with each of their brands to take each business to a new level of expertise and growth.
The buyer commented: “We are delighted to have added Stepping Stones to the iStep family of nurseries. Stepping Stones delivers an outstanding level of care, backed by a well-established and highly qualified team that can continue on the setting’s successes. We look forward to supporting the team and families through the transition and beyond.
“It was a great pleasure to work with the Redwoods team and Karrina throughout the course of this transaction. The service was attentive throughout, as it has been on our previous engagements and we look forward to working with Redwoods and the team through our future expansion.”
Childcare broker Karrina Lee said: “It’s been a pleasure assisting the vendors with the sale of their nursery and I wish them all the very best for the future. I also wish iStep Learning every success with their latest acquisition and I look forward to working with them in future dealings.”
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Name: Anna Mason
Position: Marketing Content Writer
Email: anna.mason@altiusgroup.co.uk
LinkedIn: https://www.linkedin.com/company/redwoods-dowling-kerr
Twitter: https://twitter.com/RedwoodsDK
Website: www.RedwoodsDK.com
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