H.I.G. Capital News
H.I.G. Growth Partners
500 Boylston Street
Boston, MA 02116
H.I.G. Growth Partners Portfolio Company Community Intervention Services Acquires Futures Behavior Therapy Center
BOSTON – July 27, 2015 – H.I.G. Growth Partners ("H.I.G."), the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global private equity investment firm, is pleased to announce that its portfolio company, Community Intervention Services, Inc. ("CIS" or the "Company"), has completed the acquisition of Futures Behavior Therapy Center, LLC (“Futures”). CIS was established by H.I.G. in partnership with behavioral healthcare executive Kevin Sheehan, to acquire, develop and operate a national network of specialized behavioral health treatment facilities and programs. Futures marks CIS's sixth acquisition and further expands the Company’s treatment capabilities for children with Autism Spectrum Disorders (“ASDs”) and other developmental disabilities.
Headquartered in Beverly, MA, Futures was founded in 2006 and has since grown into a leading clinic-based provider of treatment and education services for children with ASDs and other developmental disabilities. Futures utilizes the research-based principles of Applied Behavior Analysis (“ABA”) across a wide range of programs which include 1:1 therapy, social skills groups, speech and language therapy, occupational therapy and transitional/life skills training. Throughout Future's 9-year operating history, they have developed a strong brand name as well as an excellent reputation for clinical quality and effectiveness with payors, referral sources and clients.
“I’m very excited about the partnership with both CIS and H.I.G.," said Jill Larsen, Futures’ Founder and CEO. "We now have access to the capital and the operational support that will enable us to expand our footprint, and more importantly, support more children and their families. Further, the commitment to clinical care and the vision for improving lives that exist at CIS align perfectly with the mission and values that Futures was founded upon."
Kevin Sheehan, CEO of CIS, commented that, "Futures represents an ideal acquisition for CIS. Jill and her team have built a special company that is poised for significant growth. We look forward to expanding the Futures platform and working hard to address the vastly unmet need for high-quality autism treatment services.”
About Community Intervention Services
Community Intervention Services, Inc. ("CIS") was formed to acquire, develop and operate a national network of specialized, community-based behavioral health programs. Currently, CIS has diversified operations across six states, employs a clinical and support staff of approximately 3,000, and provides care to over 50,000 patients/consumers on annual basis. CIS was founded by H.I.G. Growth Partners and Kevin P. Sheehan, CEO. For more information, please refer to the CIS website at http://www.communityinterventionservices.com.
About H.I.G. Growth Partners
H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global private equity investment firm with $19 billion of capital under management.* We seek to make both majority and minority investments in strong, growth oriented businesses located throughout North America, South America and Europe. We will invest $5 million to $30 million in equity in a given company and target investments in profitable growth oriented businesses with between $10 million and $100 million in revenues. We consider investments across all industries, but focus on certain high-growth sectors where H.I.G. has extensive in-house expertise such as technology, healthcare, internet and media, consumer products and technology-enabled financial and business services. Growth Partners strives to work closely with our management teams to serve as an experienced resource, providing broad-based strategic, operational, recruiting and financial management services from a vast in-house team and a substantial network of third-party relationships. For more information, please refer to the H.I.G. website at www.HIGgrowth.com.
* Based on total capital commitments to funds managed by H.I.G. Capital and its affiliates.