Progress Equity Partners is pleased to announce the recent sale of D&S Residential to Comvest Partners. Progress Equity, together with its investment partners, held the investment in D&S for almost 11 years and generated a return of over 5 times invested capital over the period.
D&S Residential serves over 2,000 individuals with intellectual and developmental disabilities through 334 group homes, 10 day habilitation centers and 328 foster care centers. During Progress Equity’s investment period, D&S built an exceptional management team while developing systems and processes that allowed for seamless, rapid growth, both organically and through acquisition. The company grew revenue from $28 million to over $125 million and currently employs over 3,500 people.