H.I.G. Growth Partners and H.I.G. Capital, a private equity investment firm, this week completed the acquisition of Futures Behavior Therapy Center, LLC, a center for children with autism spectrum disorders (ASD) and other developmental disabilities.
H.I.G.'s portfolio company, CIS, was established in partnership with behavioral healthcare executive Kevin Sheehan to acquire, develop and operate a national network of specialized behavioral health treatment facilities and programs. Futures marks CIS's sixth acquisition.
The Braff Group (TBG) originated the transaction, and served as the advisor to Futures.
"These are extraordinary times for ASD providers as buyers are extremely eager to establish a competitive foothold in such a specialty growth market,” said Nancy Weisling, The Braff Group managing director, in statement. “We expect this to continue well into 2016.”
Headquartered in Beverly, Mass., Futures was founded in 2006 and uses the research-based principles of applied behavior analysis across a wide range of programs.