Market Overview

Centerbridge Partners Completes Acquisition of Civitas Solutions, Inc.


Civitas Solutions, Inc. ("Civitas" or the "Company") (NYSE:CIVI) today
announced that it has been acquired for $17.75 per share in cash by
Celtic Intermediate Corp., an affiliate of Centerbridge Partners,
L.P. and The Vistria Group, LP. The acquisition was first announced on
December 18, 2018 and became effective today.

"The closing of this transaction, which followed a thorough review of
alternatives by our Board of Directors, represents a new and exciting
chapter for our Company, our talented and dedicated employees, and the
people we serve," said Bruce Nardella, Chief Executive Officer of
Civitas. "It strengthens our ability to execute our long-term growth
strategy and fulfill our mission through the expansion of high-quality,
cost-effective services. Centerbridge and Vistria bring significant
resources and especially deep experience in health and human services to
our partnership, and I am confident that will help us reach new heights
as a premier service provider."

Jeremy Gelber, Senior Managing Director at Centerbridge, said, "We are
excited to have completed the acquisition of Civitas. The Company is a
leader in serving people with complex needs across a range of home- and
community-based settings. We look forward to partnering with the strong
Civitas team to invest in and further reinforce the company's
best-in-class history of quality care delivery with a focus on
compassion and putting the person first in support of a powerful mission
that is so important to the individuals and families served."

"We look forward to working with Civitas' management and Centerbridge in
supporting the Company's continued growth, while remaining focused on
delivering exceptional care and making a positive impact on the lives of
individuals that Civitas serves," said David Schuppan, Partner at

As a result of the completion of the merger, trading in Civitas's common
stock on the New York Stock Exchange has been suspended.

About Civitas

Civitas Solutions, Inc. 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 36 states.

About Centerbridge Partners

Centerbridge Partners, L.P. is a private investment management firm
employing a flexible approach across investment disciplines – from
private equity to credit and related strategies, and real estate – in an
effort to find the most attractive opportunities for our investors and
business partners. The firm was founded in 2005 and as of September 2018
had approximately $27 billion in capital under management with offices
in New York and London. Centerbridge is dedicated to partnering with
world-class management teams across targeted industry sectors and
geographies to help companies achieve their operating and financial
objectives. For more information, please visit

About The Vistria Group

The Vistria Group, LP ("Vistria") is a Chicago-based private investment
firm focused on investing in middle market companies in the healthcare,
education, and financial services sectors. Vistria's team is comprised
of highly experienced operating partners and private equity executives
with proven track records of working with management teams in building
innovative, market-leading companies. For more information, please visit

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