Elm Creek Partners is pleased to announce the acquisition of The Care Group of Texas (www.caregrp.com), one of the largest providers of in-home, pediatric respiratory therapy and enteral feeding services and supplies in the greater Houston, Texas market.
The Care Group is committed to providing outstanding services to all of its customers while simultaneously exploring opportunities for growth through geographic expansion and additional services. Elm Creek has additional committed equity capital to support the company’s future initiatives.
Commensurate with the transaction, Elm Creek retained Roy Spradlin as chief executive officer. Mr. Spradlin is the former CEO of Senior PsychCare and U.S. Physical Therapy. He brings over thirty years of healthcare industry experience to the company and has an extensive track record of successfully growing and developing various healthcare related businesses.
Bowside Capital, 747 Capital and Mr. Spradlin invested in The Care Group alongside Elm Creek. Tangent Capital Partners was the exclusive advisor to the sellers in the transaction.
About Elm Creek Partners
Elm Creek Partners is a Dallas-based private equity group investing primarily in Texas and surrounding states. Founded in 2007 by Aaron Handler and Zach Wooldridge, ECP makes controlling equity investments in profitable small businesses with $5-50 million in revenue across diverse industries. Elm Creek partners with talented entrepreneurs, individuals or management teams with unique skill sets and depth of experience as well as a strong conviction about the opportunity and desire to have meaningful ownership.
www.elmcreekpartners.com
About Bowside Capital
Bowside Capital is a private investment firm that specializes in the U.S. and Canadian private equity, small capitalization market. Founded in 2009 and headquartered in Charleston, SC, Bowside invests in private equity funds with capital commitments of $150 million or less, makes secondary purchases of limited partner interests in funds that meet its target criteria and co-invests with these funds and independent sponsors in direct transactions
http://www.bowsidecapital.com
About 747 Capital
747 Capital is a private equity investment firm focused on investments in unique, frequently smaller, private equity funds and direct co-investments. 747 Capital, through co-mingled funds and managed accounts, focuses exclusively on the small-cap private equity market in the U.S. and Canada. 747 Capital provides its investors with access to “best in class” managers and direct co-investment opportunities, as well as select secondary opportunities, in the North American small-cap private equity market.
http://www.747capital.com
About Tangent Capital Partners
Tangent Capital Partners provides merger & acquisition services for middle market companies, alternative strategies, pre-public equities and services for financial institutions. Tangent Capital is headquartered in New York City and has deep relationships with some of the world’s leading financial institutions.
http://www.tangentcapital.com