GI Partners Completes the Sale of AdvoServ

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Nov 24, 2015, 08:01 ET

SAN FRANCISCO, Nov. 24, 2015 /PRNewswire/ -- GI Partners ("GI"), a leading middle market private equity firm, announced that it has completed the sale of AdvoServ, a nationally recognized behavioral healthcare provider specializing in clinical, educational and residential services for children and adults with severe intellectual and developmental disabilities and dual diagnoses. GI acquired AdvoServ in 2009.

Founded in 1968, AdvoServ provides comprehensive treatment services that include special education, structured day programs, vocational training, supported employment, and campus and community living programs, all of which are designed to enhance the quality of life of each individual. A multi-disciplinary clinical team designs a comprehensive, customized program for each individual it serves. Currently, AdvoServ provides services to more than 600 individuals through its programs based in Delaware, Florida and New Jersey. Its programs operate 24/7, 365 days a year and are recognized by regulators, agencies, and families as safe, effective, and life-enhancing. The company's experience in caring for individuals with the most challenging needs is widely recognized, and the company's approach to treatment and instruction, based on applied behavior analysis, is scientifically proven.

Harris Williams & Co. and Cain Brothers served as financial advisors, and Paul Hastings LLP served as legal counsel for GI Partners.

For more information, please visit http://www.advoserv.com/.

About GI Partners
Founded in 2001, GI Partners is a leading private investment firm based in San Francisco, California. The firm currently manages over $12 billion in capital commitments through private equity and real estate strategies for recognized institutional investors, including some of the largest state and sovereign pension funds across the globe. GI Partners is active in a number of key sectors, including Technology, Media & Telecom, Healthcare, Retail & Leisure, and Business & Financial Services. For more information on GI Partners and its entire portfolio, please visit www.gipartners.com.

Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334

SOURCE GI Partners