Altamont takes majority stake in Sequel

Altamont Capital has acquired a majority stake in Sequel Youth & Family Services, a provider of diversified behavioral health programs. No financial terms were disclosed.

PRESS RELEASE

HUNTSVILLE, Ala. and PALO ALTO, Calif., Sept. 5, 2017 — Altamont Capital Partners (Altamont) today announced a majority equity investment into Sequel Youth & Family Services (Sequel), a leading, national provider of diversified behavioral health programs across the U.S. Founded in 1999, Sequel currently operates 44 distinct programs, ranging from residential treatment to community based programs, across 19 states.

Sequel will continue to be led by CEO John Stupak, who has been a part of the company’s leadership since 2007. Sequel’s co-founder, Jay Ripley, will remain involved with the business as Chairman of the Board through its next phases of growth.

John Stupak, commenting on the deal, said: “Sequel has built a reputation for providing best-in-class behavioral health services, often in areas where there is particularly critical unmet need. At our core, we attribute our success to our strong sense of mission to improve the lives of our clients, our staff and our customers, as well as to our strong company culture and dedication to our core values which has remained unchanged from the beginning. We believe the partnership with Altamont will enable us to further accelerate the growth of our programs and allow us to help impact an even broader set of clients, while retaining the same highest care standards we have maintained from our founding.”

Casey Lynch, Managing Director at Altamont, said: “The Sequel team has impressed us with their ability to provide the highest quality of care in addressing behavioral health needs across a range of populations. We believe there are tremendous continued growth opportunities ahead via both organic expansion and acquisition of new programs, and Altamont is excited to partner with the Sequel team to support this next phase of growth.”

Terms of the transaction were not disclosed. Bengur Bryan and Brown Winick served as Sequel’s financial and legal advisors, respectively. Altamont was advised by Ropes & Gray.

About Altamont Capital Partners
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $2 billion of capital under management. Altamont is focused on investing in middle market businesses with leading management teams, helping its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including financial services, government services, consumer/retail, business services, industrials, and healthcare. For more information, visit www.altamontcapital.com.

About Sequel Youth & Family Services
Sequel Youth and Family Services (“Sequel”) is a leading, national provider of diversified behavioral health services for children, adolescents and adults with behavioral, emotional or physical challenges. Sequel was founded in 1999 to operate a single school for adjudicated delinquent boys. Since then the company has experienced tremendous growth and now operates 44 programs across 19 states in the U.S., serving approximately 9,000 clients from 42 states and U.S. territories. Sequel offers a comprehensive, unique, and scalable spectrum of services with a historical focus on the unmet mental health needs of at-risk adolescents. For more information, visit www.sequelyouthservices.com.

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