Company Website:
http://www.civitas-solutions.com
BOSTON -- (Business Wire)
Civitas Solutions, Inc. (“Civitas” or the “Company”) today announced the
closing of the underwritten public offering of 2,000,000 shares of its
common stock by selling stockholders at a price to the public of $21.50
per share. The selling stockholders are affiliates of Vestar Capital
Partners and certain current and former employees of the Company,
including senior members of management. In connection with the offering,
the underwriters exercised their option to purchase up to an additional
300,000 shares in full. As a result, the total public offering size was
2,300,000 shares. Civitas did not receive any of the proceeds from the
sale of the shares of common stock.
Barclays, BofA Merrill Lynch and UBS Investment Bank served as
representatives of the underwriters and joint book-running managers for
the offering. Raymond James & Associates, Inc., SunTrust Robinson
Humphrey, Inc., BMO Capital Markets Corp. and Avondale Partners, LLC
acted as co-managers. This offering was made only by means of a
prospectus. Copies of the prospectus related to the offering may be
obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York 11717, telephone:
888-603-5847, email: barclaysprospectus@broadridge.com;
BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus
Department or by emailing dg.prospectus_requests@baml.com;
or UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of
the Americas, New York, NY 10019 or by telephone: (888) 827-7275.
A registration statement on Form S-1 relating to these securities was
declared effective by the Securities and Exchange Commission on October
1, 2015. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Civitas
Civitas Solutions, Inc. (NYSE: CIVI) is the leading national provider of
home- and community-based health and human services to must-serve
individuals with intellectual, developmental, physical or behavioral
disabilities and other special needs. Since its founding in 1980, it has
evolved from a single residential program to a diversified national
network offering an array of quality services in 35 states.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151007006110/en/
Contacts:
Civitas Solutions, Inc.
Dwight Robson, 617-790-4800
Chief
Public Strategy and Marketing Officer
Dwight.robson@civitas-solutions.com
Source: Civitas Solutions, Inc.
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