Investment Summary

Housatonic Partners Invests In Abound Health Group

On November 3, 2020, private equity firm Housatonic Partners invested in software company Abound Health Group

Investment Highlights
  • This is Housatonic Partners’ 6th transaction in the Software sector.
  • This is Housatonic Partners’ 63rd transaction in the United States.
  • This is Housatonic Partners’ 2nd transaction in North Carolina.

Investment Summary
Date 2020-11-03
Target Abound Health Group
Sector Software
Investor(s) Housatonic Partners
Deal Type Growth Capital

Target

Abound Health Group

Charlotte, North Carolina, United States
Abound Health Group serving individuals with intellectual and development disabilities (“I/DD”) through behavioral health agencies and a software platform. Abound Health Group started as a specialized behavioral health software company with a proprietary platform called OnTarget Clinical. Abound Health Group became a direct provider through the acquisition of a behavioral health agency called A Small Miracle, which provides a comprehensive array of supports and services to children and adults with all types of intellectual and developmental disabilities. Abound Health Group was founded in 2002 and is based in Charlotte, North Carolina.

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Investor(S) 1

Investor

Housatonic Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Housatonic Partners is a private equity firm focused on investing in growing, profitable companies with a preference for businesses generating recurring revenues. Target sectors include services, media, and communications. Housatonic looks to commit $10 to $30 million per transaction to support buyouts and recapitalizations. Prospective companies generally have high gross margins and moderate capital intensity. Housatonic was formed in 1994 and has offices in Boston, Massachusetts and San Francisco, California.

DEAL STATS #
Overall 68 of 79
Sector (Software) 6 of 6
Type (Growth Capital) 13 of 21
State (North Carolina) 2 of 2
Country (United States) 63 of 73
Year (2020) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-01 Cicero Therapies

Hoover, Alabama, United States

Cicero Therapies operates a group of clinics that provide speech pathology, occupational therapy (“OT”), and pediatric therapy services to pediatric patients. Cicero Therapies is based in Hoover, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 EOI Service Company

Anaheim, California, United States

EOI Service Company is a national benefits communication and enrollment firm design, communication, and enrollment of core and voluntary benefits and other value-added services. EOI Service Company was founded in 1978 and is based in Anaheim, California.

Buy -
Mergr

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