Sacramento, CA (PRWEB) August 29, 2006
Applied Behavior Consultants (ABC), a leading provider of applied behavior analysis services for persons with autism and other developmental disabilities, announced today that it has completed a management-led employee buyout for an undisclosed sum. Guidance for the acquisition was provided by American Business Resource Corporation, a national ESOP consulting firm. Under the terms of the transaction, ABC’s current management team will remain unchanged.
Co-founded by Joseph E. Morrow, Ph.D., and Brenda J. Terzich, M.A, Applied Behavior Consultants and its 200 employees serve the developmental disabled population through two schools, eight regional centers, over 50 school districts, and 30 community care facilities. Dr. Joe Morrow, who led negotiations on behalf of ABC said, “We are delighted to successfully conclude this transaction. With the cash flow generated by the ESOP, we are able to explore potentially expanding the breadth of our services to help autistic children in other countries, including the Persian Gulf, Russia, China, and the Philippines, among others.”
Evan L. Rhodes, president of American Business Resource Corporation, said, “It was our privilege to help Applied Behavior Consultants with their ESOP implementation which we completed in under two months. The ESOP positions ABC for future growth and expansion, provides for employee retirement and puts in place a planned exit strategy for the previous shareholders.”
A study done in the summer of 2006 found that 91 percent of companies declared that creating employee ownership through an ESOP (employee stock ownership plan) was “a good decision that has helped the company.” In the same study, approximately 78% of respondents indicated a better performance in 2005 than 2004. Source: The Employee Ownership Foundation’s 15th Annual Economic Performance Survey.
To learn more about Applied Behavior Consultants, visit http://www.abcreal.com or call 916-364-7800. To learn more about American Business Resource Corporation, visit http://www.abrc-esop.com or call toll free 1-866-379-2121.
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