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Parkway Capital Announces Investment in Stokes Counseling

February 17, 2023

Parkway Capital (“Parkway”) is pleased to announce an investment in EBH Counseling Management, LLC (dba Stokes Counseling) (“Stokes” or the “Company”). Parkway invested subordinated debt and equity in supporting the recapitalization of Stokes led by Eads Bridge Holdings (“EBH”) and management.

Founded in 2011, Stokes provides mental health counseling to individuals, families, couples, and groups in the state of Connecticut. Headquartered in Naugatuck, CT, Stokes offers in-person and telehealth counseling services to its patients. The Company specializes in treating depression, anxiety, and PTSD with particular expertise in tailoring care for individuals in the LGBTQ+ community and families experiencing foster care or adoption challenges. In partnering with the management team and Eads Bridge Holdings, Parkway is excited to support the Company’s growth initiatives.

For more information, please visit and read EBH’s announcement about the investment here

Since 2000, Parkway Capital has had a history of investing alongside management, funded and independent equity sponsors, and family offices, providing flexible junior capital alternatives for lower middle market companies. Joining forces with the Calvert Street Capital Partners team in 2019, Parkway has an experienced, mezzanine-focused investment group that continues a more than two-decade long legacy of making mezzanine and minority equity investments. The Parkway investment professionals have collectively invested more than $450 million of capital across 60+ portfolio companies.


Calvert Street Capital Partners is a multi-fund management company formed in 1995 to pursue investment strategies focused on the lower middle market. In addition to Parkway, the firm’s mezzanine investment strategy, Calvert Street makes control equity investments and utilizes a research driven approach to identify attractive businesses providing critical services to the industrial and commercial sectors. Collectively, Calvert Street’s and Parkway Capital’s investment professionals have invested in over 120 companies representing cumulative transaction values in excess of $1.5 billion.