M&A Deal Summary

Community Education Centers Acquires CiviGenics

On June 1, 2007, Community Education Centers acquired business services company CiviGenics from First Analysis for 103M USD

Acquisition Highlights
  • This is Community Education Centers’ 1st transaction in the Business Services sector.
  • This is Community Education Centers’ largest (disclosed) transaction.
  • This is Community Education Centers’ 1st transaction in the United States.
  • This is Community Education Centers’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2007-06-01
Target CiviGenics
Sector Business Services
Buyer(s) Community Education Centers
Sellers(s) First Analysis
Deal Type Add-on Acquisition
Deal Value 103M USD
Advisor(s) First Analysis Corp. (Financial)

Target

CiviGenics

Marlborough, Massachusetts, United States
CiviGenics Inc. offered services related to the custody and rehabilitation of criminal justice populations. The company provided integrated service solutions designed and implemented by experts in criminal justice areas including jail management, community corrections, substance abuse treatment, and recidivism reduction.

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Buyer(S) 1

Buyer

Community Education Centers

West Caldwell, New Jersey, United States

Category Company
Founded 1996
Sector Healthcare Services
DESCRIPTION

Community Education Centers is a national provider of rehabilitative services for offenders through reentry and in-custody treatment programs as well as comprehensive management services for county, state, and federal correctional and detention facilities. CEC provides evidence-based programming for residential and non-residential clients through reentry and correctional facilities, in-prison treatment services, and outpatient and day reporting programs.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


DEAL STATS #
Overall 35 of 71
Sector (Business Services) 3 of 5
Type (Add-on Acquisition) 26 of 51
State (Massachusetts) 2 of 2
Country (United States) 35 of 70
Year (2007) 3 of 3
Size (of disclosed) 13 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-16 Metalico

Cranford, New Jersey, United States

Metalico, Inc. which operates scrap metal recycling facilities primarily in the eastern Great Lakes corridor.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-13 Community Education Centers

West Caldwell, New Jersey, United States

Community Education Centers is a national provider of rehabilitative services for offenders through reentry and in-custody treatment programs as well as comprehensive management services for county, state, and federal correctional and detention facilities. CEC provides evidence-based programming for residential and non-residential clients through reentry and correctional facilities, in-prison treatment services, and outpatient and day reporting programs.

Buy -