Tue, 10 Jun 2014 | BUSINESS SALE
G Square has purchased Tracscare Group, a specialist residential care home provider.
The private equity firm G Square has bought out Sovereign Capital’s investment in the business, with a view to continue its expansion.
Tracscare Group offers services to people with mental health issues, learning disabilities, and autism and brain injuries, among other needs. It was established as Tracs Ltd with its first home in Swansea in 1983.
Sovereign purchased the group in 2004 for about £26 million, and has expanded through organic growth and bolt-on acquisitions. It had 21 homes at the time of the initial investment and has since expanded to 75, now catering for more than 350 service users, up from the original 130.
Rob King, Sovereign’s investment director commented on Tracscare’s development to Insider Media. He said: “When we invested in Tracscare we developed a growth strategy that involved both carefully considered acquisitions and organic growth as we believed that there was increasing demand for the specialist, high-quality care.”
Companies acquired by Tracscare include Compass Care Ltd in May 2005, Alkare in 2006, Alkare Therapeutic Ltd in 2008, Positive Lifestyles Ltd in 2007 and Cascade in 2012 to add complementary services to Tracscare’s offering.
_____________________________________________________________________
Related information:
Businesses for sale
This is an exceptional opportunity to acquire a dynamic and rapidly growing conservatory refurbishment company, boasting a skilled team and strong trading growth across Scotland and northern England.
An acclaimed jewellery manufacturer and retailer in Glasgow, known for its exquisite designs and craftsmanship, is now available for purchase.
Explore an established opportunity in the kitchen and bathroom design and installation industry, strategically located in central Scotland.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.