M&A Deal Summary

Webster Equity Partners Acquires Discovery Behavioral Health

On June 15, 2018, private equity firm Webster Equity Partners acquired healthcare services company Discovery Behavioral Health

Acquisition Highlights
  • This is Webster Equity Partners’ 11th transaction in the Healthcare Services sector.
  • This is Webster Equity Partners’ 28th transaction in the United States.
  • This is Webster Equity Partners’ 5th transaction in California.

M&A Deal Summary
Date 2018-06-15
Target Discovery Behavioral Health
Sector Healthcare Services
Buyer(s) Webster Equity Partners
Deal Type Consolidation

Target

Discovery Behavioral Health

Irvine, California, United States
Discovery Behavioral Health is a diversified behavioral health player providing the full array of treatment modalities for individuals suffering from eating disorders, mental health and substance abuse. DBH will have a national footprint of 42 residential treatment centers and 23 outpatient centers across 11 states. Discovery Behavioral Health was founded in 1993 and is based in Los Alamitos, California.

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Buyer(S) 1

Buyer

Webster Equity Partners

Waltham, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 6.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Webster Capital is a private equity firm that targets growth capital and buyout investments in profitable, middle-market healthcare and consumer companies. Prospective business characteristics of interest include differentiated products or services, distinctive brands, and loyal/repeat customers. Webster looks for companies generating sales of $20 to $200 million, EBITDA of $5 to $20 million, and valued up to $200 million. Webster Capital was formed in 2003 and is based in Waltham, Massachusetts.

DEAL STATS #
Overall 29 of 48
Sector (Healthcare Services) 11 of 22
Type (Consolidation) 3 of 4
State (California) 5 of 9
Country (United States) 28 of 46
Year (2018) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-15 Center For Discovery

Los Alamitos, California, United States

Center For Discovery is a behavioral health provider specializing in eating disorder treatment for adolescents and adults, in addition to mental health and addiction treatment for adolescents. Under Webster’s ownership, Center For Discovery has rapidly expanded its national footprint through both residential and outpatient facilities and is now one of the largest eating disorder treatment providers in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-22 ShelterLogic

Watertown, Connecticut, United States

ShelterLogic is a manufacturer and marketer of fabric-covered, steel frame shelters and canopies for diverse consumer and commercial applications, including sheds, garages, greenhouses, and pop-up canopies. ShelterLogic was founded in 1991 and is based in Watertown, Connecticut.

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