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Three Springs, Inc.

Press Release Excerpt

Brookwood Associates is pleased to announce the December 2009 sale of Three Springs, Inc. (“TSI”) to Sequel Youth and Family Services. Based in Huntsville, Alabama, TSI provides at-risk youth with behavioral health services including residential treatment and education, outpatient / day treatment, and outdoor therapeutic programs.

We are pleased to complete another transaction in the healthcare services industry. Specialty behavioral healthcare services sectors, including adolescent treatment, are particularly dynamic and we anticipate additional consolidation among these companies.
We are gratified to have completed this transaction, which required that the buyer obtain both equity and debt financing, in such a difficult financing environment. Brookwood played a significant role in obtaining the financing.
TSI is a complex, national business that was undergoing an operational restructuring during the sale process. Brookwood’s insights and expertise were critical to completing this successful transaction at a valuation that reflects our clients’ potential in addition to their existing strengths.