PE firms agree to swap center for troubled kids

Mar 10, 2011

TA Associates is planning to sell Youth & Family Centered Services, an Austin, Texas-based provider of health, education and support services for troubled children and adolescents. TA, a Boston-based private equity firm, had sponsored a $205 million management buyout of YFCS back in 2004.

The pending transaction was revealed in a Federal Trade Commission filing, which suggests that the buyer is Chicago-based private equity firm Waud Capital Partners. No pricing terms were disclosed, and it should be noted that FTC filings usually indicate that deals have been agreed upon in principal, but that no final paperwork has been signed.

YFCS has 13 facilities in nine states, and has a clinical philosophy based in cognitive behavioral therapy. Many of its clients have been either abused or neglected.

Waud already has a behavioral health company called Acadia Healthcare, so perhaps YFCS will be an add-on acquisition.

I've left messages with TA, Waud and YFCS. If any of them reply, this post will be updated.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions