HIG Growth Partners’ portfolio company, Community Intervention Services, has completed the acquisition of Family Behavioral Resources (FBR).
CIS was established by HIG in partnership with veteran behavioural healthcare executive Kevin Sheehan to acquire, develop and operate a national network of community-based mental health and substance abuse treatment programmes.
FBR marks CIS’s third acquisition and provides the company with a strong regional presence in the Mid-Atlantic and a beachhead into the Midwest.
Headquartered in Greensburg, Pennsylvania, FBR was founded in 1999 and has since grown into a leading provider of community-based outpatient behavioural health services delivered primarily in the patient’s natural environment such as the home or educational setting. FBR specialises in providing Behavioural Health Rehabilitation Services (BHRS) to children and adolescents, with a particular focus on serving individuals on the autism spectrum.
“I couldn’t be more excited about the partnership with both CIS and HIG," says Rick Murray, president and chief operating officer at FBR. "We now have access to the capital and the operational support that will enable us to accelerate our growth, and more importantly, support more consumers and families. Further, the standards of excellence and vision for changing lives that exist at CIS align perfectly with the mission and values that FBR was founded upon."
Kevin Sheehan, chief executive of CIS, says: "FBR represents an ideal acquisition for CIS. Rick and his team have built a strong company, and their deep experience in providing autism services will provide CIS with an important clinical tool as we expand the platform and strive to meet a vastly unmet need for community-based services. We are hopeful that we will continue to find more acquisitions like FBR to further accelerate our expansion into new regions."
