Benchmark International is pleased to announce the transaction between Devon-based South West Intervention Services (SWIS) and Manchester-based Tristone.
SWIS is a care provider that collaborates with local authorities and educational institutions to provide young people with support and intervention programmes tailored to each individual’s personal needs. The provider, which currently supports 120 individuals and employs 35 people across the region, works to re-engage children in education, with an emphasis on attaining their English, Maths and Science, while also strengthening their ability to manage behaviours.
Tristone Healthcare, owned by Tristone Capital, is a privately owned buy-and-build company that invests in profitable, cash generative businesses with good prospects for growth, and that have committed and capable management teams.
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Tristone Healthcare's strategy is to acquire and build high-quality businesses with strong fundamentals, delivering outstanding care and support to vulnerable people who need it most. This acquisition extends Tristone's footprint further into the social care sector, broadening its geographical reach and adding new specialisms to the investor’s expanding portfolio.
Nikki Buckler and Becci Howie, who manage SWIS, will remain in the business as part of the deal. Ms. Buckler said: "We're delighted to be part of the Tristone Healthcare business community, as we strive collectively to improve and enrich the lives of vulnerable children and young people.
"With the expertise and support of Tristone, our aim is to achieve sustainable growth, while unlocking value within the business and ultimately helping more individuals who need support and education."
Tristone founder and CEO, Yannis Loucopoulos, said: "The acquisition of SWIS marks another significant strategic milestone for the business, as we look to strengthen our position in the social care sector. Not only does it add a new service stream to our portfolio, which will be mutually beneficial for all our children-focussed providers, but it also extends our reach in the South West, broadening our geographical footprint.
"As with all businesses within our community, SWIS prides itself on delivering best in class social care services and achieving outstanding outcomes for the individuals in its care, making it a natural fit for our values-led proposition. At the same time, SWIS demonstrates all the hallmarks of a provider that has significant, long-term growth potential."
This is the second acquisition by Tristone conducted via Benchmark International, the first the acquisition of Sportfit Support Services.
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