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, January 9, 2017 – 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 vison 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 (https://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.
# # #
There are no comments so far