November 30, 2021

Alameda, CA, November 30, 2021 – Center for Social Dynamics, LLC (“CSD”), a portfolio company of NMS Capital (“NMS”), announced today that it has partnered with South Sound Behavior Therapy, LLC (“SSBT” or the “Company”). Operating throughout Washington state with a focus on the greater Seattle and Olympia regions and founded by Jennica Warner, BCBA, SSBT is a well-established, fast-growing applied behavioral analysis (“ABA”) services company specializing in personalized, evidence-based Autism Spectrum Disorder (“ASD”) treatment. The Company maintains a robust client-base and clinical staff, long-standing relationships with key funding sources, and a best-in-class reputation for clinical excellence and patient outcomes.

“We are excited to partner with the SSBT team and their staff,” said Pete Pallares, Chief Executive Officer of CSD. “The partnership expands and solidifies CSD’s presence within Washington state, an effort and growth avenue we’ve been focused on and actively cultivating since our partnership with NMS. We at CSD look forward to supporting SSBT’s continued growth and delivery upon client outcomes.”

“SSBT is thrilled to join the CSD team and combine our patient and clinical platforms into one,” commented Jennica Warner, BCBA. “Our mission at SSBT has always been focused on clinical outcomes, patient care, and best-in-class program design. CSD mirrors these values, making for the ideal partner, alongside NMS, to fuel our next phase of growth.”

David Peterson, Managing Director at NMS, added, “This transaction marks CSD’s fifth since partnering with NMS in 2019, and fits well within our strategy of partnering with founder-owned, fast-growing ABA companies within existing and adjacent geographies. The CSD team has excelled at integrating our past acquisitions and driving economies of scale across the platform, and we have the utmost confidence in their ability to integrate and support SSBT in the same fashion.”

Breakwater Advisors served as buyside advisors to CSD. McDermott Will & Emery provided legal advice to NMS and CSD. Quarles & Brady provided legal advice to SSBT.

About Center for Social Dynamics

Founded in 2012 by Pete Pallares, CSD is an ABA services company specializing in home-based, personalized, evidence-based ASD treatment throughout Northern and Southern California, Oregon, Washington, Idaho, Colorado and Hawaii. Since founding, CSD has been focused on clinical excellence and delivering high-quality outcomes for its clients, their families, and their coverage providers via a robust clinical staff. The Company holds multiple certifications and accreditations from leading behavioral health agencies and maintains extensive and long-standing relationships with key insurers throughout its core geographies. For additional information on CSD, please visit the company’s website at

About NMS Capital

NMS Capital is a New York headquartered private investment firm specializing in strategic equity investments and leveraged buyouts of lower middle market companies. The firm was formed through the spin-out of a group of portfolio companies from Goldman Sachs’ Merchant Banking Division. NMS focuses on companies headquartered in the U.S. poised to benefit from sustainable growth trends with particular concentration on companies in Business Services and Healthcare Services. For additional information on NMS, please visit the firm’s website at

For Further Information

David Peterson
Managing Director