Civitas Solutions, Inc. Announces Closing of Public Offering by Selling Stockholders and Full Exercise of Underwriters’ Option to Purchase Additional Shares

BOSTON--()--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.

Contacts

Civitas Solutions, Inc.
Dwight Robson, 617-790-4800
Chief Public Strategy and Marketing Officer
Dwight.robson@civitas-solutions.com

Contacts

Civitas Solutions, Inc.
Dwight Robson, 617-790-4800
Chief Public Strategy and Marketing Officer
Dwight.robson@civitas-solutions.com