Sullivan Street Partners, a mid-market buyout specialist, has acquired UKAT, a leading provider of residential addiction treatment services in the UK. UKAT operates over 200 beds across eight facilities, offering comprehensive care and rehabilitation for alcoholism, substance abuse, and other behavioral health conditions.
The acquisition by Sullivan Street Partners aims to address UKAT’s ownership challenges and bolster its mission to deliver top-tier treatment and outcomes for its patients. Sullivan Street Partners plans to provide both capital and strategic guidance to support UKAT’s expansion and enhancement of services.
Daniel Gerrard, CEO and founder of UKAT, expressed enthusiasm about the new ownership, stating, “We’re thrilled to welcome Sullivan Street Partners. Their team understands our industry, our business, and our commitment to helping those suffering from addiction. Their support will be instrumental in achieving our mission.”
Layton Tamberlin, managing partner at Sullivan Street, noted the firm’s deep understanding of UKAT’s operations and goals. “We have developed a comprehensive understanding of UKAT’s business and built a strong relationship with its management team,” Tamberlin said. “We respect Daniel’s dedication to improving patient outcomes and navigating the challenges of ownership. We are confident in UKAT’s resilience and look forward to unlocking its full potential in the coming years.”
Sullivan Street Partners was advised on the transaction by Taylor Wessing, PwC, and RSM, with commercial due diligence provided by Connell Consulting.
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