Great Point Partners has exited its stake in Glendale, California-based Autism Learning Partners as a result of the latter’s acquisition by FFL Partners. No financial terms were disclosed. ALP is a provider of applied behavior analysis and other services for child and adults with Autism Spectrum Disorders.
GREENWICH, CT and GLENDALE, CA — Great Point Partners (“GPP”) is pleased to announce that it exited its investment in GPP I portfolio company, Autism Learning Partners (“ALP”). ALP is the leading provider of Applied Behavior Analysis (“ABA”) and other services for children and adults with Autism Spectrum Disorders (“ASD”).
Noah Rhodes, Managing Director at GPP commented, “We are very proud of what we have achieved working together with Jeffrey Winter, CEO, and Gina Chang, COO, who we recruited to the Company.
Our partnership with ALP began seven years ago when we recapitalized a sole proprietorship that had 300 employees operating in California, Texas and New Mexico. After executing an aggressive growth strategy consisting of organic expansion into new markets as well as six tuck-in acquisitions, ALP now provides services to clients in 9 states (3-fold increase) through its dedicated workforce of over 2,600 employees (9-fold increase).”
Adam Dolder, Managing Director at GPP stated, “The sale of ALP marks another successful exit from GPP I, LP. Together with Jeff and the team, as well as our investment partners at Jefferson River Capital and Scopia Capital Management, we built ALP into the leading provider of autism therapy in the country, a significant achievement for all of us.”
Jeffrey Winter, Chief Executive Officer of ALP, said, “Great Point was a dedicated partner that was instrumental in the growth of ALP. GPP sourced 4 of the 6 acquisitions, and helped execute all of the tuck-in acquisitions we made during their investment period. They also recruited a talented Board of Directors, including Karen Ajmani, President of Healthcare Services at Progyny, who helped transform ALP into the success it is today.”
As the largest ABA platform in the country, ALP is poised to continue its strong performance as it seeks to provide the highest level of clinical expertise to facilitate significant and sustainable improvement for individuals and families the Company serves from coast to coast.
About Great Point Partners
Great Point Partners (“GPP”), founded in 2003 and based in Greenwich, CT, is a leading health care investment firm with approximately $1.1 billion of equity capital under management and 28 professionals, investing in the United States, Canada, and Western Europe. GPP is currently making new private equity investments from GPP II, which has closed on $215 million. Great Point manages capital in private (GPP I, $156 million and GPP II, $215 million) and public (BioMedical Value Fund, approximately $675 million) equity funds. Great Point Partners has provided growth equity, growth recapitalization, and management buyout financing to more than 100 growing health care companies. The private equity funds invest across all sectors of the health care industry with particular emphasis on biopharmaceutical services and supplies, outsourcing and alternative site care, pharmaceutical infrastructure and information technology enabled businesses. The firm pursues a proactive and proprietary approach to sourcing investments and tuck-in acquisitions for its portfolio companies. Reach Great Point at 203-971-3300 or www.gppfunds.com
About Autism Learning Partners
Headquartered in Glendale, California, Autism Learning Partners is a leading provider of therapy to children with Autism Spectrum Disorders. ALP’s services include ABA, speech, occupational, and physical therapies. The Company utilizes custom-tailored treatment programs, licensed professionals, and experienced staff to address the unique treatment needs of children with ASD. ALP provides services in 9 states, with a client base that includes commercial insurance beneficiaries, behavioral health agencies, school districts, private pay clients, and military families. Autism Learning Partners was backed by Great Point Partners, LLC, Jefferson River Capital LLC, and Scopia Capital Management LP. Visit www.autismlearningpartners.com for more information.