Apposite-backed care group acquires Green Rose
Apposite Capital-backed Swanton Care and Community, which provides specialist residential care and supported living services for adults, has acquired Green Rose, a UK provider of care and support services for people with learning disabilities.
The deal, which is Swanton’s seventh acquisition to date, will allow the company to increase its footprint in England and widen its transitional and adult services. Swanton now supports more than 590 people. It employs over 1,900 staff.
Financial details of the deal were not disclosed.
Green Rose provides support to highly complex clients and also supports young adults from the age of 17 to transition from children to adult services.
Founded in 2006, Swanton provides specialist care including autism and learning disabilities and other services across Scotland, the Northeast and Hull, South Wales, the West Midlands and East Anglia. Account filings have Swanton’s revenue at £12.9 million for 2020.
Sam Gray, managing partner of Apposite Capital, said: “Swanton has successfully managed to grow organically and through seven acquisitions. The team pays particular attention to integration, especially around culture and quality, and so the acquisitions have demonstrated strong post-acquisition organic growth. Swanton has a strong pipeline of further acquisitions and greenfield developments. Across our broader Fund II portfolio, growth through acquisition has proven a highly successful method to augment organic growth, with Green Rose representing the 25th bolt-on acquisition to date.”
Garry Cross, chief executive of Swanton added: “They [Green Rose] are a great addition as we continue to expand geographically and across service provision. This acquisition will allow us to improve our linked care pathways to better serve the needs of the people we support and their commissioners.”
Law firm Trowers & Hamlins and Hazlewoods independent business advisor and chartered accountant advised Swanton.
Date published: January 11, 2022