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Harbert Private Equity Fund II, LLC (“HPEF II”) announced today that it has sold its portfolio company, Onward Behavioral Health, Inc. (“Onward”) to Pyramid Healthcare, Inc. (“Pyramid”), a portfolio company of Clearview Capital, LLC.
Onward is based in Paoli, PA and provides mental health and drug/alcohol outpatient counseling and therapy to adults and adolescents in Pennsylvania and New Jersey. HPEFII’s Raymond Harbert Jr. remarked, “This is a positive exit for HPEF II and a complementary acquisition by Pyramid. Onward’s footprint fits nicely with Pyramid’s, which will enable continued growth and the ability to serve their clients better.”