Periculum Advises Cornerstone Autism Center in its Sale to LEARN Behavioral

Periculum Capital Company, LLC (“Periculum”) is pleased to announce it advised Cornerstone Autism Center, LLC (“Cornerstone” or the “Company”), a center-based provider of applied behavior analysis (“ABA”) therapy for children with autism spectrum disorder (“ASD”), in its sale to LEARN Behavioral (“LEARN”).

Periculum ran a customized sell-side process focused on finding the right partner to preserve the unique Cornerstone culture and amplify its mission to serve and impact the autism community throughout the state of Indiana.

Cornerstone was founded by parents Debbie and David Ide who were seeking standardized, comprehensive care in a safe and welcoming setting for their child with autism spectrum disorder. Displeased with the quality of care available at the time, they sought to create the type of environment and treatment that would not only benefit their son, but a wide range of children with ASD. As a result, the Company’s first center in Greenwood was opened in 2010, marking the beginning of a mission-driven company that would grow to serve multiple communities and change the lives of hundreds of children and their families throughout the state of Indiana.

Periculum was engaged to manage a targeted sell-side process that emphasized both fit and value. Amidst a challenging regulatory and labor market, Periculum successfully found a partner in LEARN that aligned with Cornerstone’s people-first culture and commitment to providing the best evidence-based care possible to children with ASD. As a national leader in autism treatment, LEARN’s extensive network and resources will bolster Cornerstone’s existing services and enable the Company to reach and impact more families.

“Selling my company was a difficult decision so it was critical to find the right strategic partner. Periculum took the time to understand my motivations for selling and what was important to me as an outcome. They were partners from start to finish and I would highly recommend their team,” said Debbie Ide, Founder and CEO of Cornerstone. “What we have built at Cornerstone over 15 years is already amazing but LEARN and their incredible team will help take it to the next level. I couldn't be more excited for my staff as they continue in their careers serving our special clients!”

Bose McKinney & Evans LLP served as Cornerstone’s legal advisor and KSM (Katz, Sapper & Miller) served as the Company’s accounting and tax advisor.

About Periculum Capital Company, LLC
Periculum is a leading investment and merchant banking firm serving the corporate finance needs of middle market companies. The firm was founded in 1998 to provide sophisticated financial advisory and transaction services. Periculum is committed to achieving superior outcomes for its clients by delivering customized investment banking services that maximize value while still meeting clients’ individual goals and objectives. The firm’s primary services include M&A, capital markets, and restructuring advisory, as well as specialized merchant banking services.