H.I.G. Growth Acquires Family Behavioral Resources

H.I.G. Growth Acquires Family Behavioral Resources

Community Intervention Services (CIS), an operator of mental health and substance abuse treatment programs and a portfolio company of H.I.G. Growth Partners, has acquired Family Behavioral Resources, a provider of rehabilitation services to children and adolescents.

Family Behavioral Resources (FBR) specializes in providing behavioral health rehabilitation services to children and adolescents, with a particular focus on serving individuals on the autism spectrum. FBR provides services through a network of 27 locations across western and southern Pennsylvania and employs a clinical staff of over 1,200 clinical therapists, qualified behavioral health professionals and developmental educators. The company was founded in 1999 and is headquartered in Greensburg, PA (www.familybehavioralresources.com).

“I couldn’t be more excited about the partnership with both CIS and H.I.G.,” said Rick Murray, President & COO at FBR. “We now have access to the capital and the operational support that will enable us to accelerate our growth, and more importantly, support more consumers and families. Further, the standards of excellence and vision for changing lives that exist at CIS align perfectly with the mission and values that FBR was founded upon.”

Community Intervention Services was formed by H.I.G. in partnership with behavioral healthcare executive Kevin Sheehan to acquire, develop and operate a national network of community-based mental health and substance abuse treatment programs. Mr. Sheehan is the founder and former Chairman, President and CEO of Youth & Family Centered Services, a national provider of behavioral health services to infants, children and adolescents.

Family Behavioral Resources is CIS’s third acquisition and provides the company with a regional presence in the Mid-Atlantic and an entry into the Midwest. “FBR represents an ideal acquisition for CIS. Rick and his team have built a strong company, and their deep experience in providing autism services will provide CIS with an important clinical tool as we expand the platform and strive to meet a vastly unmet need for community-based services. We are hopeful that we will continue to find more acquisitions like FBR to further accelerate our expansion into new regions,” said Mr. Sheehan.

H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital. With $500 million of committed capital, H.I.G. Growth Partners seeks to make both majority and minority equity investments ranging from $5 million to $30 million in growth-oriented businesses with between $10 million and $100 million in revenues. H.I.G. Growth Partners considers investments across all industries, but focuses on certain high-growth sectors where the team has in-house expertise such as healthcare, technology, internet and media, consumer products and technology-enabled financial and business services (www.higgrowth.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 2-20-13

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