Avesi Announces Investment in Point Quest
Avesi Partners (“Avesi”) announced that it has made a growth investment in Point Quest, LLC (“Point Quest” or the “Company”), a leading provider of adolescent behavioral health and special education services in California, primarily serving K-12 school districts. Partnering alongside cofounders Ronda and Greg Jaggers and the Point Quest management team, Avesi’s investment will help the Company execute on its mission of positively impacting the lives of as many children and their families as possible by continuing to provide high-quality, comprehensive behavioral health and special education services.
Headquartered in Sacramento, CA, Point Quest works alongside school districts to provide students with a wide range of behavioral health and special education services via paraprofessionals, mental health therapists, speech language pathologists, occupational therapists, and other specialists. Point Quest’s services are predominantly delivered within public schools as well as Company-operated non-public schools. As demand for these services has risen over the years, Point Quest has continued to scale to meet the needs of its district partners.
“It’s been a great joy for Greg and me to build Point Quest over the last 14 years and see the number of lives we have impacted during that time,” said Ronda Jaggers, cofounder of Point Quest. “Finding a partner who not only has relevant experience and resources but also shares in the vision of Point Quest’s mission was critical for our team. We are thrilled by the opportunity to link arms with Avesi for Point Quest’s next phase of growth as we seek to offer districts more services and increase our geographic reach.”
“The need for behavioral health and special ed services in schools is at an all-time high, so it’s timely that we expand our capabilities with Avesi’s support,” added Greg Jaggers, cofounder of Point Quest. “The Avesi team’s experience in helping to scale behavioral health and other healthcare services platforms while maintaining the highest quality of service made them the ideal partner.”
“We are proud to partner with the Jaggers and the entire Point Quest team and support such an incredible mission,” said Chris Laitala, Managing Partner of Avesi. “Point Quest is an invaluable partner to the school districts they serve, and we’re eager to help them reach more students.”
“Point Quest plays a critical role in the lives of so many students and their families, and it is a privilege for Avesi to invest in the growth of such an impactful business,” added Peter Erickson, Partner at Avesi. “We look forward to providing strategic and financial support as the Company works towards its long-term vision.”
Covington Associates, LLC served as the exclusive financial advisor, and Weintraub Tobin Law Corp. served as legal counsel to Point Quest. McDermott, Will and Emery LLP served as legal counsel to Avesi in connection with the investment.
About Point Quest
Point Quest is a leading provider of adolescent behavioral health and special education services in California, primarily serving K-12 school districts. The Company offers districts a differentiated, full continuum of behavioral health and special education services by providing scarce personnel, including paraprofessionals, mental health therapists, speech language pathologists, occupational therapists, and other specialists, who facilitate the proper care for each student with special education needs. Additional information is available at pointquested.com.
About Avesi Partners
Avesi Partners is a leading private equity investment firm with $880 million of equity capital under management. Based in Stamford, CT with an office in Richmond, VA, Avesi focuses on partnering with lower-middle market, privately-held, and family-owned businesses in key sectors of the economy, including healthcare, insurance, technology, and business services. Avesi seeks to provide the expertise and resources to empower businesses to attain their full vision in a time and capital efficient manner. Avesi collaborates with families, founders, and executives in an effort to accelerate growth and expansion, while positioning businesses to achieve long-term success and enduring value. Additional information is available at avesipartners.com.
This press release (“Press Release”) is being published for informational purposes only regarding Avesi Partners LLC (“Avesi”). One should not assume an investment in the described company was or will be profitable. All opinions, estimates and forecasts of future performance are based on information as of the date of this Press Release and are subject to change. Certain information contained in this Press Release constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking statements. Avesi has not vetted the company’s website and Avesi’s provision of the company’s website link should not be considered an endorsement of the information presented there.