Invo Healthcare, which is backed by The Wicks Group, The Jordan Company and Post Capital Partners, has acquired Northbrook, Illinois-based Autism Home Support Services, a provider of home- and center-based applied behavioral analysis therapy to children diagnosed with autism spectrum disorder. No financial terms were disclosed.
NEW YORK, Oct. 16, 2017 /PRNewswire/ — Invo Healthcare (“Invo”), a portfolio company of The Wicks Group (“Wicks”), The Jordan Company (“TJC”) and Post Capital Partners (“Post Capital”) announced that it has acquired Autism Home Support Services (“AHSS” or the “Company”), a leading provider of home- and center-based Applied Behavioral Analysis (“ABA”) therapy to children diagnosed with autism spectrum disorder (“ASD”). The terms of the transaction were not disclosed.
Headquartered in Northbrook, IL, AHSS has been providing high-quality ABA therapy services to children with ASD since 2009. The fast-growing Company provides industry-leading outcomes with a mix of home- and center-based behavioral health services in Illinois, Michigan and Colorado.
Invo Healthcare is a leading provider of behavioral health and therapeutic services to individuals with special needs and autism. The company serves more than 60,000 children annually in schools, homes and centers in 30 states nationwide.
Invo Healthcare’s CEO Anthony Manley said, “AHSS brings tremendous talent and expertise to Invo. The Company’s long-standing dedication to delivering outcomes-based ABA therapy services is unparalleled. We believe the combination of Invo and AHSS uniquely enables us to provide superior clinical outcomes by offering coordinated, multi-disciplinary services to children in home, at school and in our clinics.
“The combination of Invo and AHSS creates the only national provider of ABA services capable of delivering multi-disciplinary care across multiple settings,” said Thomas Kearney, Principal at Wicks. “Our investment in AHSS furthers our commitment to build an industry-leading behavioral health platform capable of serving special needs and autistic children nationwide with superior clinical outcomes.”
Winston & Strawn LLP served as legal counsel to Wicks and Invo.
The Wicks Group (http://www.wicksgroup.com) is a private investment firm based in New York City that invests in lower-middle-market companies operating in selected segments of the information, education, and media industries principally in the United States and Canada. Since its founding in 1989, Wicks has invested over $1 billion of capital in more than 30 platform companies and approximately 100 add-on acquisitions. The firm has applied a consistent investment strategy since its founding, partnering with high-quality, experienced management teams to build businesses organically and through acquisitions.
The Jordan Company (https://www.thejordancompany.com), founded in 1982, is a middle-market private equity firm that manages funds with original capital commitments in excess of $8 billion with a 35-year track record of investing in and contributing to the growth of many businesses across a wide range of industries. The senior investment team has been investing together for over 20 years, and they are supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, TJC also has offices in Chicago.