Revelstoke Capital Partners has acquired Crossroads Treatment Centers, a provider of substance abuse treatment services.
Crossroads is a regional provider of substance abuse treatment services through its outpatient treatment clinics in the southeastern United States. Crossroads provides physician oversight, counseling and medication-assisted treatment through outpatient program for persons suffering from opioid dependence. The company was founded in 2007 and is based in Greenville, SC (www.crossroadstreatmentcenters.com).
“The resources and expertise that Revelstoke brings to our team allows us to continue our focus on growth while maintaining the quality and efficacy of our treatment program,” said Dr. Rupert McCormac IV, Founder, CEO, and Chief Medical Officer of Crossroads.
Revelstoke’s investment strategy for Crossroads includes providing strategic guidance and additional capital to accelerate its organic growth and to pursue add-on acquisitions. “We are excited about the prospect of working with an extremely talented and experienced management team to grow the company and further solidify its position as a leader in the substance abuse treatment industry,” said Mark King, CEO, Managing Partner and Co-Founder of Revelstoke. “Crossroads offers its patients a path to end the destructive cycle of emotional, physical and financial calamity that chemical dependence causes, and Revelstoke is enthusiastic to partner in this continued effort.”
Revelstoke invests from $10 million to $250 million in companies that have at least $5 million of EBITDA. Sectors of interest include healthcare services and products; transportation and logistics; specialty distribution; energy and energy services; building products; business and outsourced services; marketing services; financial services; industrial services; and medical technology. The firm was founded by Managing Partners – Mark King, Dale Meyer, and Simon Bachleda – and is headquartered in Denver (www.revelstokecp.com).
Quadriga Partners, an investment bank with offices in Denver and Atlanta, served as the exclusive financial advisor to Crossroads (www.quadrigapartners.com). Winston & Strawn acted as exclusive legal advisor to Revelstoke.
© 2015 PEPD • Private Equity’s Leading News Magazine • 1-9-15
