Autism Behavioral Institute (ABI) has announced a revenue-based investment from Park City, Utah-based private equity firm Decathlon Capital Partners.
Headquartered in Charlotte, North Carolina, ABI provides ABA therapy and testing and evaluation services for children with autism. ABI has 11 centers across South Carolina, Washington D.C., Virginia, North Carolina, Georgia and Maryland. ABI provides individualized ABA treatment for children in home, school, and community settings. Additionally, it offers diagnostic evaluations for autism and parent participation training.
Decathlon Capital Partners is a leading provider of financing solutions and growth capital for companies seeking flexible alternatives to traditional equity investment. The firm provides revenue-based funding to growth-oriented companies with $4 million to $100 million in annual revenue.
The terms of the deal were not disclosed, but according to the press release, ABI characterized it as a “significant investment.” The new capital is expected to help ABI expand into new markets and support adding new payer partners.
As part of the deal, ABI has agreed to repay Decathlon Capital Partners through its future revenue, and no equity or ownership was exchanged for the growth capital, according to the release.
Chris Risey, Vice President of Decathlon Capital Partners, expressed confidence in ABI’s continued growth as the company expands to other states. “Decathlon Capital Partners is proud to help them grow and continue to make a positive impact on the lives of children with autism,” stated Mr. Risey.
