The Wicks Group Acquires Invo Healthcare Associates
New York, January 9, 2017 - Invo Healthcare Associates, LLC ("Invo"), announced that The Wicks Group of Companies ("Wicks"), a private investment firm, has completed a majority recapitalization of the company along with management and Invo's existing shareholders at Post Capital Partners ("Post Capital"). The terms of the transaction, which closed on December 23, 2016, were not disclosed.
Based in Jamison, PA, Invo is a leading national provider of school and community behavioral health and other therapeutic services to individuals with special needs, including Autism Spectrum Disorder ("ASD"). 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 ("ABA"), in schools and other community-based settings across the United States.
Commenting on the transaction, Invo CEO Anthony Manley said, "I am thrilled to continue in the service of Invo's mission with our new partners at Wicks and our continued partnership with Post Capital. We are united in our shared vision for the business and our motivation to provide the highest quality therapy services to children and families nationwide."
"Invo is uniquely positioned at the crossroads of the behavioral health and special education services industries, key areas of focus for Wicks. We are acutely aware of the rising prevalence of autism in children today - with one child in every sixty eight being diagnosed with ASD - and the proven efficacy of ABA and other therapies in helping those children lead happy and productive lives," said Thomas Kearney, Principal of Wicks. "As one of the only national providers capable of providing high quality therapeutic services across multiple settings - both in schools and in the community - we are very excited to partner with Anthony and the team at Post Capital to help the company continue to grow their clear leadership position in the market."
Morgan, Lewis & Bockius served as legal counsel to Wicks.
Contact: Anthony Manley, Chief Executive Officer, Invo Healthcare Associates; +1 (215) 489-8760; www.invohealthcare.com
Thomas Kearney, Principal, The Wicks Group of Companies; +1 (212) 838-2100; www.wicksgroup.com
ABOUT THE WICKS GROUP OF COMPANIES
The Wicks Group of Companies is a private investment firm based in New York City that 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 $1 billion of capital in more than 30 platform companies and approximately 100 add-on acquisitions. The firm has applied a consistent investment strategy since its founding, partnering with high-quality, experienced management teams to build businesses organically and through acquisitions.