Harris Williams Advises LEARN Behavioral on its Sale to Gryphon Investors
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised LEARN Behavioral (LEARN), a portfolio company of LLR Partners (LLR), on its sale to Gryphon Investors (Gryphon). LEARN is a leading provider of autism treatment therapy services delivered in diverse settings including homes, centers and schools to accommodate each child’s unique clinical needs and family dynamics. The transaction was led by Whit Knier, James Clark, Tyler Bradshaw, Nathan Robertson and Cameron Thomas of Harris Williams’ Healthcare & Life Sciences (HCLS) Group.
“We’re incredibly pleased to have had the opportunity to represent LLR and the visionary management team at LEARN on this successful transaction, which marks another key milestone in Harris Williams’ track record of working with leading behavioral health and other multi-site healthcare services providers,” said Whit Knier, a director at Harris Williams. “LEARN is a market leading platform and has found another great partner in Gryphon. We look forward to following their collective success as they continue to scale the business and address a significant mental health issue which affects one in 59 children today.”
“The LEARN management team and LLR have built a pioneering autism treatment provider serving a fragile and underserved patient population,” said James Clark, a managing director at Harris Williams. “Given the accelerating prevalence of children diagnosed on the autism spectrum and the increased funding sources available to help treat this life changing disorder, LEARN will continue to help lead the industry in delivering critical care to children and families in need.”
LEARN is a leading network of providers serving children with autism and other special needs. LEARN specializes in behavioral health treatment based on the science of Applied Behavior Analysis and is committed to providing programs and services that are family-focused, community-minded and delivered with the highest clinical integrity. The LEARN team delivers more than 2 million hours of services annually and comprises more than 3,000 passionate professionals dedicated to nurturing each child’s personal best.
LLR is a middle market private equity firm committed to creating long-term value by growing its portfolio companies. LLR invests in several industries, with a focus on technology, healthcare and services businesses. Founded in 1999 and with more than $3.5 billion raised across five funds, LLR is a flexible provider of capital for growth, recapitalizations and buyouts.
Based in San Francisco, Gryphon is a leading private equity firm focused on profitably growing and competitively enhancing middle market companies in partnership with experienced management teams. The firm has managed over $4.5 billion of equity investments and capital since 1997. Gryphon targets making equity investments of $50 million to $200 million in portfolio companies with sales ranging from approximately $100 million to $500 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and executives to build leading companies, utilizing Gryphon's capital, specialized professional resources and operational expertise.
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).
Harris Williams’ HCLS Group has experience across a broad range of sectors, including medical devices, products and distribution; multi-site and retail healthcare providers; alternate site care; healthcare IT; behavioral health providers; managed care and cost containment services; outsourced clinical services; and outsourced pharma services. For more information on the HCLS Group and other recent transactions, visit the HCLS Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: firstname.lastname@example.org). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. awaited). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.