Pittsburgh-based Abraxas Youth and Family Services (“Abraxas”) has entered into a definitive
affiliation agreement with Inperium, Inc. Founded in 1973, Abraxas is a nonprofit provider of
residential, community-based, detention and alternative education services to over 6,500 youth,
adults and families in Pennsylvania, Ohio, Illinois, South Carolina, and Colorado. The
transaction, which will add $85 million to the consolidated revenues and $10 million to the
consolidated net assets of the Inperium Constellation, is expected to close on December 31,
2021.
Jon Swatsburg, Abraxas President and CEO commented, “Inperium is a fantastic strategic
partner that will allow Abraxas to continue to build on its 48-year history serving youth, adults
and families without sacrificing its Board structure, culture and identity. I am excited for our
employees, clients, and customers for the opportunity to leverage both companies’ strengths
and I want to thank Ryan, Jeff and the Inperium team for their work leading to this deal. I am
thrilled to continue in my role as CEO of Abraxas while also working directly with Ryan as
Inperium’s Chief Development Officer.”
Inperium COO Jeff Giovino, who effectuated the transaction, commented: “Abraxas CEO Jon
Swatsburg and I have maintained a professional relationship for over 20 years. I am thrilled that
Abraxas is becoming an affiliate of Inperium. This partnership will provide Abraxas the ability to
grow its existing services into new markets and states.”
(Inperium, Founder and CEO Ryan Smith)
Discussing this latest transaction, Inperium Founder and Chief Executive Ryan Smith
commented: “The Abraxas affiliation both extends and expands the services of the Inperium
Constellation in important ways. Together with our recent acquisition of the businesses of
Connections Community Support Programs in Delaware, the Abraxas affiliation adds $150
million to Inperium’s annualized revenues. This growth benefits every member of the
Constellation by enabling us to allocate fixed overhead over a significantly larger revenue base.
I anticipate Inperium will close at least two additional transactions this fiscal year as our pipeline
of affiliation prospects remains robust.”
About Inperium, Inc.
Inperium, the nation’s fastest growing nonprofit human services organization, offers a broad
array of human services, including programs that improve the quality of life for children and
adults with intellectual or developmental disabilities or behavioral health needs. Additional
information concerning Inperium may be found on its website: www.inperium.org.