Baird Private Equity’s UK branch has supported portfolio company Choices Holdings' second add-on acquisition since acquiring the assisted living services provider two years ago.
Choices has agreed to purchase fellow Scotland-based domiciliary care services company Domiciliary Care for an undisclosed sum.
Based in Clydesbank, Domiciliary Care offers in-house services to clients with physical disabilities, mental health problems, sensory impairment, addiction problems, HIV/AIDS and learning disabilities.
The company currently employs about 350, roughly half the size of Choices.
Although Domiciliary Care and Choices offer similar in-house services, Choices focuses on young adults and children with learning disabilities. Founded in 1997, Choices employs a staff of roughly 850.
Baird Capital Partners Europe, the UK division of Baird Private Equity, purchased Choices in 2006 for £10 million ($18 million; €13 million), and has subsequently grown the company’s client base from 130 to 370 users.
The company provides 24-hour care and support in either residential homes or in a client’s owned or rented homes.
Besides Choices, Baird also owns Castlecare, which provides similar assisted living services to children and adolescents.
Baird Capital Partners Europe specialises in middle market companies with established annual turnover of between £10 million and £100 million in the business services, manufactured products and healthcare sectors. Baird Capital Partners is part of Robert W Baird & Co., the Milwaukee, Wisconsin-based advisory and wealth management firm.