Nautic Partners acquired Proud Moments ABA
February 10, 2025 08:00 AM Eastern Standard Time
BOSTON & SAN FRANCISCO–(BUSINESS WIRE)–Audax Private Equity
(“Audax”), a capital partner for middle market companies,
announced today that it has completed the sale of Proud Moments
ABA, a provider of applied behavioral analysis (ABA) therapy to
children with autism. Providence-based private equity firm Nautic
Partners acquired Proud Moments. Terms of the deal, which was
completed on February 3, 2025, were not disclosed.
Proud Moments clinicians help individuals with developmental
disorders, most commonly autism, learn new skills, improve social
interactions, and reduce challenging behaviors.
“When we first backed the company, our principal objective was to
increase access to care and invest in the organization’s
foundation to drive outcomes for Proud Moments’ patients,” noted
Keith Palumbo, Partner and Co-President of Audax Private Equity.
“We did this through building out the corporate infrastructure
and management team; investing in de novo growth; completing
seven acquisitions to expand the company’s geographic footprint;
and recruiting behavioral technicians and board-certified
behavior analysts to enhance and grow the clinical team.”
“Audax distinguished itself as a collaborative partner during its
ownership through their experience around care delivery as well
as their intense focus on the quality of care,” added Matt Henn,
Chief Executive Officer. “We’re excited to work with Nautic
Partners during the next stage of the company’s growth and look
forward to building upon what Audax and the entire Proud Moments
team have accomplished together over the previous six years.”
During Audax’ hold, Proud Moments grew from operating seven
locations, concentrated in the New York tri-state area, to over
70 clinics across 12 states, and today provides a balance of both
home- and center-based care. Proud Moments currently works with
approximately 3,000 children on a weekly basis, representing more
than fourfold growth in patients since Audax’ original investment
in 2019.
“This represents the second realization out of our healthcare
specialization over the last six months, demonstrating the
ability of our Buy & Build strategy to help drive value
creation,” noted Adam Abramson, a Partner at Audax Private
Equity. “We first invested in Proud Moments just prior to the
global pandemic, and through the combination of organic and
inorganic growth initiatives in close collaboration with
management, we were able to see our vision and thesis through,
benefitting the company, its patients and our investors.”
ABOUT AUDAX PRIVATE EQUITY:
Headquartered in Boston, with offices in San Francisco, New York,
and London, Audax Private Equity manages three strategies: its
Flagship and Origins private equity strategies, seeking control
buyouts in the core middle and lower middle markets,
respectively, and its Strategic Capital strategy that provides
customized equity solutions to PE-backed portfolio companies to
help drive continued growth. With approximately $19 billion of
assets under management as of June 2024, over 280 employees, and
100-plus investment professionals, Audax has invested in more
than 170 platforms and 1,350 add-on acquisitions since its
founding in 1999. Through our disciplined Buy & Build approach,
across six core industry verticals, Audax seeks to help portfolio
companies execute organic and inorganic growth initiatives with
the aim of fueling revenue expansion, optimizing operations, and
significantly increasing equity value. For more information,
visit www.audaxprivateequity.com
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ABOUT PROUD MOMENTS:
Proud Moments is a provider of applied behavioral analysis
therapy for children diagnosed on the Autism Spectrum. It is our
mission to provide the Gold Standard of Care and expand access to
all families seeking ABA therapy. We are committed to providing
the resources, education and continued advancement of our
professional team to attract, retain and develop top-tier talent.
We have partnered with some of the highest quality providers in
the field of ABA and are excited by the opportunity to continue
building on our mission in the areas we serve. Proud Moments’
headquarters are in New York, New York. For more information,
visit www.proudmomentsaba.com
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Fwww.proudmomentsaba.com&esheet=54202012&newsitemid=2025021073213
7&lan=en-US&anchor=www.proudmomentsaba.com&index=3&md5=5e6f1e5048
5dfc590358273450288b59> .
The M&A market for healthcare companies continues to build on STRATEGIC opportunities and a fragmented market. Consolidations along with unprecedented demand are driving scale across the continuum of care. The strategic corporate buyers and private equity investors remain committed to acquiring strong businesses that are well prepared for a transaction. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering prime valuations and options for management.
Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.
Contact Paragon Ventures for more information.
800-719-1555
