The corporate finance team at national audit, tax, advisory and risk firm Crowe has advised the owners of a Herefordshire residential and supported living care business on its sale to Choice Care.
Inspiration Care, based in Leominster, was established in June 2007 by Martyn Titcombe and Karen Kenny and provides care for clients in The Marches area between Ludlow in Shropshire and Hereford.
It has been acquired for an undisclosed sum by Choice Care Group, one of the UK’s foremost specialist care providers, operating over 60 residential homes and a variety of supported living services across the South, the South West and the Midlands.
Chasz Coulsting, associate director in the corporate finance team, said: “We were first engaged by Martyn and Karen a few years ago through an introduction from their lawyers.
“It has been a pleasure to assist them with the ultimate sale of Inspiration Care to Choice Care Group, acting as lead corporate finance adviser on the deal.
“We are sure that Choice Care Group will be a good home for a business which they have built and nutured over the last 14 years.”
Martyn Titcombe, a director of Inspiration Care, said: “I was relieved when we were introduced to Chasz from Crowe, as it took tremendous pressure off us.
“He worked closely with our solicitor to ensure a fair and just outcome on our behalf. If you want one less stress to worry about during the due diligence process, then I would highly recommend Crowe to anyone who is considering selling their business.”
Andy Kay, corporate finance partner at Crowe, said: “This is a wonderful result for all parties. The Midlands corporate finance market has been increasingly active for a number of months now, and we are anticipating a surge of interest in acquisitions as the economic recovery from the coronavirus pandemic gathers pace through 2021.”
Inspiration Care was advised by Penelope Sankey of HCB Solicitors and Choice Care was advised by Acuity Law and accountants Hazlewoods.