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Jordan Company Invests in VC-Backed Health and Therapeutic Services Provider Invo Healthcare.

MANews-(C)2009-2017

1 May 2017 - New York, US-based investment firm Wicks Group, an affiliate of New York, US-based middle-market private equity firm The Jordan Company, has acquired a controlling interest in Pennsylvania-based behavioral health and therapeutic services provider Invo Healthcare Associates, LLC from Post Capital Partners, the company said.

Details of the transaction, closed on 23 December 2016, were not disclosed.

TJC said its investment provides Invo with additional strategic and financial support as the company seeks to expand its position in the behavioral health market.

Invo is a national provider of services to individuals with special needs, including Autism Spectrum Disorder.

The company serves more than 60,000 children annually in the areas of occupational therapy, physical therapy, speech and language pathology, and applied behavioral analysis, in schools and other community based settings across the United States.

Wicks Group 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 USD 1bn of capital in more than 30 platform companies and approximately 100 add-on acquisitions.

The Jordan Co manages funds with original capital commitments in excess of USD 8bn, investing in and contributing to the growth of many businesses across a range of industries.

Country: USA

Sector: Healthcare

Target: Invo Healthcare Associates

Buyer: Wicks Group

Vendor: Post Capital Partners

Deal size in USD:

Type: LBO

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:May 1, 2017
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