Proof Positive
Los Angeles, CA, November 22, 2016 – Envisage Advisors (“Envisage”) announced that Proof Positive ABA Therapies (“Proof Positive” or the “Company”) has been acquired by Autism Learning Partners (“ALP”). Equity financing for the Proof Positive acquisition was provided by Jefferson River Capital LLC (“JRC”), now the single largest shareholder of ALP. Envisage served as exclusive financial advisor to Proof Positive.
About the Transaction
Proof Positive, with offices in Costa Mesa and Commerce, CA, is a pediatric therapy services provider specializing in ABA therapy. It works with both children and their parents to offer services for a variety of behavioral topics including Autism, Development Disabilities, ADHD, and more. Proof Positive will continue to operate with its current management team as a wholly owned subsidiary of ALP.
Transaction
Proof Positive ABA Therapies (“Proof Positive”) is a pediatric therapy services provider specializing in applied behavior analysis (“ABA”) therapy. The Company works with both children and their parents to offer services for a variety of behavioral topics including Autism, Development Disabilities, ADHD, and more. Envisage advised Proof Positive on its sale to Autism Learning Partners (“ALP”), a strategic acquirer headquartered in Glendale, California.
Issues
- Rapid growth created need for expanded corporate capabilities and capital. Proof Positive’s principals were seeking liquidity and operating expertise
- Business was at a point in its development where it needed a broader platform
Solution
- Through a limited auction process, Envisage identified ALP as the correct acquirer of Proof Positive
- Took a significant role in managing and resolving due diligence issues
- Worked with stakeholders to create deal structure that provided value for future growth
- Successfully structured and negotiated the transaction
Still Have Questions?
Please contact Leo Fernandez if you would like to discuss this transaction.