Calex Partners Advises Behavioral Innovations (BI) and Shore Capital Partners on BI’s Acquisition by Tenex

Calex Partners served as the exclusive financial advisor to Shore Capital Partners and Behavioral Innovations

Shore Capital Partners (“Shore”), a Chicago-based private equity firm focused on microcap investing, is pleased to announce the sale of Behavioral Innovations (“BI”), a leading provider of center-based applied behavior analysis therapy (“ABA”) to early intervention children with autism spectrum disorder and other related developmental disabilities, to Tenex Capital Management. Behavioral Innovations has 77 centers across Texas, Oklahoma, and Colorado.

Shore partnered with BI in 2017 with the goal of providing best-in-class clinical care to children on the autism spectrum by rapidly opening new centers and training the high caliber clinicians necessary to deliver industry-leading care. In 2017, Shore completed a strategic partnership with Dan Nicholson and co-founders Carla Edwards and Lori Russo, Board Certified Behavior Analysts (“BCBAs”). Led by Chief Executive Officer Dino Eliopoulos, BI has grown its center network from 13 centers in Texas and Oklahoma to 77 locations throughout Texas, Oklahoma, and Colorado. Under Dino’s leadership, BI opened 64 new clinics, dramatically improving access to quality care across its markets and creating 2,300+ new jobs across its center footprint. BI plans to continue to rapidly expand into new geographies to offer autism therapy services to additional children.

Calex Partners served as the exclusive financial advisor to Shore Capital Partners and Behavioral Innovations.