Clearview Capital in July acquired Pyramid Healthcare, an Altoona, Penn.-based provider of drug/alcohol and mental health treatment centers, the firm said. Terms of the deal were not released. Pyramid Healthcare operates 21 treatment facilities throughout Pennsylvania. Clearview Capital is a Connecticut-based private equity firm.
Clearview Capital today announced that it has acquired Pyramid Healthcare, Inc. Headquartered in Altoona, PA, Pyramid is a provider of drug/alcohol and mental health treatment for adults and adolescents with 21 treatment facilities throughout Pennsylvania.
Clearview Capital is a Connecticut-based private equity firm with investments in various industries including healthcare services. Clearview’s portfolio includes Senior Care Centers of America, the country’s second largest provider of medically intensive adult day health and social services with 27 facilities in four states. Clearview specializes in partnering with talented management teams to accelerate the growth of their businesses and to expand their services and operations in new markets.
Jonathan Wolf, CEO of Pyramid, said “we are excited about the opportunity to team up with Clearview. They provide us with the opportunity to keep our existing management team in place, but also offer the capital and expertise needed to expand our mission to provide first class services to those seeking help for chemical dependency and mental illness”.
Matt Blevins, Vice President of Clearview Capital commented that “Pyramid has a 12-year history of significant growth and provides exceptional care for people suffering from addictive disorders and mental health problems. We are looking forward to the opportunity to work with their very dedicated staff and leadership to continue to grow the business, both within their core Pennsylvania market as well as through acquisitions of similar businesses in other states.”
The Corporate offices of Pyramid will remain in Altoona, PA. Pyramid employs 574 people throughout the state of Pennsylvania. Facilities include residential drug and alcohol treatment for adults and adolescents, outpatient offices, therapeutic schools, methadone clinics, a group home and a school for autistic children.
Clearview’s other holdings include The Results Companies, a leading business process outsourcing company; All Tech Inspection/IESCO, a provider of mechanical integrity inspection and non-destructive testing services for the refinery, petrochemical and power industries; EN Engineering, a provider of engineering and design services to liquid and gas pipeline operators; Rowmark, a manufacturer and marketer of specialty plastic sheet and related products for the awards/recognition, engraving and signage markets; Air Cooled Exchangers, LLC, a manufacturer of air cooled heat exchangers; Hillsdale Furniture, a designer and importer of wood and metal furniture; and a minority interest in CPG International, the leading extruder of thick gauge polyolefin and PVC sheet, including AZEK® brand trim boards and decking products