M&A Deal Summary

Petra Capital Partners and Elm Creek Partners Acquire Acute Behavioral Health

On January 1, 2022, private equity firms Petra Capital Partners and Elm Creek Partners acquired healthcare services company Acute Behavioral Health

Acquisition Highlights
  • This is Petra Capital Partners’ 14th and Elm Creek Partners’ 3rd transaction in the Healthcare Services sector.
  • This is Petra Capital Partners’ 48th and Elm Creek Partners’ 7th transaction in the United States.
  • This is Petra Capital Partners’ 3rd and Elm Creek Partners’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2022-01-01
Target Acute Behavioral Health
Sector Healthcare Services
Buyer(s) Petra Capital Partners
Elm Creek Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Acute Behavioral Health

Nashville, Tennessee, United States
Acute Behavioral Health is a operator of non-hospital inpatient psychiatric treatment facilities providing behavioral healthcare services to adolescents. Acute Behavioral Health was founded in 2021 and is based in Nashville, Tennessee.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Petra Capital Partners

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Petra Capital Partners is a private investment firm that invests in US-based, high-growth businesses operating in the business services, healthcare services, media/publishing, telecom, IT, and information services sectors. Target companies are generally cash-flow positive with revenues in excess of $10 million and growth rates above 20%. Petra can commit up to $20 million per transaction. The Firm typically invests in subordinated debentures with warrants to purchase equity securities. Petra Capital Partners is licensed as a SBIC. The Firm was formed in 1996 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 48 of 55
Sector: Healthcare Services M&A 14 of 16
Type: Buyout (LBO, MBO, MBI) M&A Deals 24 of 25
State: Tennessee M&A 3 of 3
Country: United States M&A 48 of 55
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 LSO

Plano, Texas, United States

LSO is a provider of parcel delivery services throughout the Southern United States. LSO offers its clients overnight, expedited ground, same-day, and last-mile logistics solutions. LSO was founded in 1991 and is based in Plano, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 Pragmatic Institute

Phoenix, Arizona, United States

Pragmatic Institute is an operator of a corporate training company focused on serving product management and marketing professionals. Pragmatic Institute’s product management framework and world-class instructors are recognized as best-in-class by leading technology companies throughout the world. Pragmatic Institute was founded in 1993 and is based in Phoenix, Arizona.

Sell -
Buyer

Elm Creek Partners

Dallas, Texas, United States

Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Elm Creek Partners is a private equity firm that looks to partner with entrepreneurs and management teams to pursue niche opportunities with large market potential. Areas of interest include niche manufacturing (aerospace, defense, packaging equipment), industrial services (waste, recycling, logistics, testing services), healthcare, and transaction processing. Elm Creek looks to invest $3 to $6 million of equity capital in companies with annual revenues up to $50 million. Prospective transaction types can include recapitalizations, acquisition financings, and growth capital investments. Elm Creek will consider investments across the US, but focuses on transactions in the Southwest US and Texas. Elm Creek Partners was established in 2007 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 7 of 7
Sector: Healthcare Services M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 4
State: Tennessee M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-24 FreeFlight Systems

Irving, Texas, United States

FreeFlight Systems Ltd. is a provider of navigation systems for commercial and military aircraft. FreeFlight Systems was founded in 2001 and is based in Irving, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Liberty Greenleaf

Phoenix, Arizona, United States

Liberty Greenleaf is a specialty converter and distributor of thermal paper. Liberty Greenleaf provides customized solutions to its customers across a variety of end markets, including restaurants, point-of-sale, and gaming. Liberty Greenleaf was founded in 1987 and is based in Phoenix, Arizona.

Sell -