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GI Partners Completes the Sale of AdvoServ
SAN FRANCISCO, CA, November 23, 2015 - GI Partners ("GI"), a leading middle market private equity firm, announced that it has completed the sale of AdvoServ, a nationally recognized behavioral healthcare provider specializing in clinical, educational and residential services for children and adults with severe intellectual and developmental disabilities and dual diagnoses. GI acquired AdvoServ in 2009.
Founded in 1968, AdvoServ provides comprehensive treatment services that include special education, structured day programs, vocational training, supported employment, and campus and community living programs, all of which are designed to enhance the quality of life of each individual. A multi-disciplinary clinical team designs a comprehensive, customized program for each individual it serves. Currently, AdvoServ provides services to more than 600 individuals through its programs based in Delaware, Florida and New Jersey. Its programs operate 24/7, 365 days a year and are recognized by regulators, agencies, and families as safe, effective, and life-enhancing. The company’s experience in caring for individuals with the most challenging needs is widely recognized, and the company’s approach to treatment and instruction, based on applied behavior analysis, is scientifically proven.
Harris Williams & Co. and Cain Brothers served as financial advisors, and Paul Hastings LLP served as legal counsel for GI Partners.