Providence Service Corporation will pay $63 million in cash for the company, plus another $25.6.7 million in cash and stock over four years.
It agreed to pay a further $133 million if the company hit specified targets during the following five years.
Theresa founded Igneus in 1989 to help people with disabilities and physical injuries to find work. She was inspired by her own father, John Rein, an RAAF navigator who suffered severe spinal damage after a plane crash during World War Two and was consigned to a wheelchair. Although he never walked again, he went on to become an aeronautical engineer and a Paralympian.
The company found success under the Hawke and Howard governments helping the injured and disabled rejoin the workforce before expanding overseas.
It now encompasses 2000 employees in 10 countries, earning more than 70 per cent of its interests in the UK. Ms Rein sold the Australian part of the business when Kevin Rudd became Prime Minister in 2007.
