Post Capital Partners Announces Recapitalization of Invo HealthCare
Since acquiring Invo in December 2012, Post Capital helped Invo grow
to become the nation’s leading provider of school and community
behavioral health services for children with autism and special needs
NEW YORK–(BUSINESS WIRE)–#DealSourcing—Post
Capital Partners today announced the recapitalization of Invo
HealthCare Associates by the Wicks Group of Companies, a New York-based
private investment firm. Based in Jamison, PA, and founded by Mary and
Pat McClain in 1993, Invo
HealthCare is the leading national provider of school and community
therapeutic services for individuals and families with autism and
special needs. The sale was completed on December 23, 2016. Post Capital
will remain a minority investor in Invo and Post Capital Co-founder and
Managing Director Mitch Davidson will continue as a member of the Invo
Board of Directors.
Since its recapitalization by Post Capital in December 2012, Invo has
grown substantially, both organically and through add-on acquisitions,
becoming a national leader in autism and special education services.
Invo provides therapeutic services across the care continuum in schools,
homes and in the community, operating across 28 states and serving
60,000+ individuals annually. In line with its “Executive-First”
investment strategy, Post Capital partnered with Anthony Manley, CEO,
and Jason Ralph, COO, to accelerate Invo’s growth and to strengthen its
leading market position.
Mitch Davidson, Co-founder and Managing Director of Post Capital, said,
“We are thrilled with this highly successful sale and equally excited to
work with our new partners at Wicks to continue Invo’s exceptional
growth in providing parents and children access to the highest quality
autism and special education services. Invo CEO Anthony Manley and his
team have been ideal partners in executing our shared goal of
establishing Invo as the national leader in its space. Anthony is a
visionary leader who is committed to ensuring that all children receive
the therapeutic services they need to learn and grow.”
Mr. Manley added, “The Post Capital team has been instrumental to Invo’s
success, providing both the capital and strategic insight to help drive
our growth. They were indispensable partners in formulating our vision
and strategy and provided us with both the strategic counsel and
operational freedom to achieve our goals.” Mr. Manley continued, “We
look forward to continuing our mission to serve children with special
needs in partnership with Post Capital and are thrilled to have Wicks as
a new partner.”
Cain Brothers & Company served as financial advisor to Invo on the
transaction. Winston & Strawn and Benesch Friedlander Coplan & Aronoff
acted as legal advisors, RSM US provided accounting advice and Crowe
Horwath provided tax advice to Invo.
About Post Capital Partners
Post Capital Partners (http://www.postcp.com)
is a private investment firm that makes both minority growth and control
investments in businesses with repeat or recurring revenue models. Post
Capital primarily employs an “Executive-First” deal sourcing
and investment strategy in which it first identifies and partners with
talented senior operating executives and then works proactively with
those “Executive Partners” to identify investments. In addition to “Executive-First“
platform searches, Post Capital also pursues management buyouts and
growth capital investments. Based in New York City, Post Capital invests
a committed capital fund with top-tier institutional and sophisticated
private investors.
Contacts
Media:
Marketcom PR
Rosalia Scampoli, 212-537-5177, Ext
7
rscampoli@marketcompr.com
