Private equity investor Fletch Equity announced that it has purchased Fullerton, California-based provider Autism Spectrum Interventions (ASI).
Founded in 2009, ASI is a provider of applied behavior analysis therapy in home- and school-based settings. The company works with school districts, Medi-Ca, Medicaid and several commercial health plans.
Founded in 2019, Fletch Equity is a firm focused on the lower-middle market. The company is headquartered in Los Angeles, California and prefers to invest in growth-stage companies through buyouts.
According to Fletch Equity, the ASI acquisition marks the firm’s thirteenth acquisition in the last 33 months. Mergers and acquisitions advisory firm Hexagon Capital Alliance advised ASI on the deal. Financial terms of the deal were not disclosed.
According to the LevinPro HC database, this acquisition represents the 14th Behavioral Health Care (BHC) transaction of 2024. There were 83 BHC transactions announced during 2023, and 113 announced during 2022.
