NexPhase Capital announced on May 5 that it entered into an agreement with Behavior Frontiers. Under the terms of the agreement, Behavior Frontiers will become a subsidiary of NexPhase Capital.
Founded in 2004, Behavior Frontiers is a provider of applied behavior analysis treatment services for individuals with autism and other special needs. It is based in El Segundo, California and operates 26 centers across 12 states. Behavior Frontiers was established to bring consistent care backed by cutting-edge research and data-driven practices to individuals with autism across all age groups. It has a particular emphasis on early intervention care for children between the ages of 3 to 6 years old.
NexPhase Capital, formed by the former principals of Moelis Capital Partners (the private equity division of Moelis Asset Management), targets equity investments of $25 million to $75 million in leading middle-market, growth-oriented companies. It was founded in 2007 and has announced more than 100 investments.
Following the close of the transaction, Behavior Frontiers will continue to be run by its current management team. The financial terms were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 33rd Behavioral Health Care (BHC) acquisition of the year, and the eighth in the autism spectrum disorder treatment provider specialty. In 2024, 70 BHC deals were announced and 13 in the autism spectrum disorder treatment provider specialty.
