Los Angeles, CA—January 4, 2022—Atar Capital, a global private investment firm, announced the fifth
acquisition in fewer than two years through its portfolio company, Pathways Health and Community
Support, LLC (Pathways), with the closing of Human Resource Training, Inc. (HRT), a provider of foster
care and social services to families and youth in the central and northern regions of Arizona. This
acquisition extends Pathways’ current footprint in Arizona from eight to twelve counties and augments
services in two of Arizona’s largest counties, Maricopa and Pima. Atar Capital acquired Pathways in
2018 as part of a strategy to put the firm’s cross-functional expertise to work in a critical and fast-growing
segment in the healthcare space. Terms of the agreement were not disclosed.
HRT was incorporated in 1981 offering services as a small therapeutic foster care program. Today, the
organization provides services to traditional, medically complex and therapeutic foster care homes. In
addition, HRT offers parenting skills programs and services for the developmentally disabled population.
Pathways, led by CEO Jill Winters, is one of the largest providers of behavioral and mental health
services in the United States. With its diversity in location, Pathways serves clients in 18 states and the
District of Columbia, employing a team of 5,000+ dedicated staff members working across the country to
create healthier communities by providing behavioral health services that include counseling, telehealth,
autism services, case management, therapeutic foster care, parent education, supportive employment and
substance use services. The company also offers employer-based programs through Pathways at Work, a
series of customized workplace health and well-being seminars, webinars and other resources for
employees.
Winters said, “The support and expertise of Atar Capital guided our acquisition strategy and assures we
have the resources necessary to expand our services into new communities.”
Atar’s investment team for the transaction included Founder and Managing Partner of Atar Capital Cyrus
Nikou, Senior Managing Director Robert Lezec, Managing Directors Stanley Huang and Vijay Mony and
Vice President Roman Zelinsky. Dykema provided legal counsel to Atar Capital.
About Atar Capital
Atar Capital is a global private investment firm that acquires a wide range of lower middle market
businesses exhibiting opportunities for growth, revitalization and significant value creation. Atar Capital’s
principals have completed more than 80 private equity transactions across North America, Europe and
South America.
Atar Capital’s combination of operational expertise, industry knowledge and investment experience
provide a unique edge in creating value and working as a true partner with its portfolio companies. The
firm assists in activities ranging from growing the business to improving operations and financial
performance, leveraging all available resources and talent within Atar’s leadership team, as well as its
bench of seasoned senior advisors with deep sector and functional expertise. For more information, please
visit www.atarcapital.com.
About Pathways
Pathways Health and Community Support, LLC is one of the largest providers of behavioral and mental
health services in the United States. Originally founded in 1997 as Providence Service Corporation, and
subsequently acquired by Atar Capital in 2018, Pathways’ mission is to improve the lives of people by
inspiring personal growth, health and wellness. The organization offers a full spectrum of social services
and behavioral health solutions, including mental health support, youth and family services, adult services
and prevention services, to clients in their homes or through telehealth and community-based resources.
The company also offers employer-based programs to help employees manage stress, anxiety and other
behavioral health challenges through Pathways at Work, a series of customized workplace health and
well-being seminars, webinars and other resources for employees.
For more information visit www.pathways.com.
Media Contact:
Patricia Kilgore
Sterling Kilgore, Inc.
630-567-9379
pkilgore@sterlingkilgore.com
Atar Capital Contact:
T.J. McCaffrey
Atar Capital
310-870-0808
tjmccaffrey@atarcapital.com
