RICHMOND, Virginia, October 31, 2022–(BUSINESS WIRE)–Harris Williams, a global investment bank specializing in M&A advisory services, announces that it has advised Bradford Health Services (Bradford Health), a portfolio company of Center Partners, in connection with its sale to Lee Equity Partners , LLC (Lee Equity). Based in Birmingham, Alabama, Bradford Health is a leading provider of substance use disorder treatment in the Southeast. The operation was carried out by Whit Knier, james clark, Taylor goes and Harris Williams’ Teddy Reeve Health and Life Sciences Group (HCLS).
“Behavioral health continues to be an attractive industry for investors and strategic buyers, given the pervasive unmet demand for services in our country. Bradford Health is uniquely addressing the key issues plaguing the epidemic of substance use disorders in the country by providing better access to high-quality, compassionate care that spans the continuum of addictions, inpatient and outpatient services,” said Whit Knier, chief executive officer of Harris Williams “It was a pleasure to work with the teams at Bradford Health and Center Partners, and we look forward to the next chapter of the business in partnership with Lee Equity.”
“Together, Bradford Health management and Center Partners have built the leading provider of substance use disorder treatment in the South East, and the company’s new partnership with Lee Equity represents an exciting opportunity to build on the momentum that Bradford Health has created over the past few years,” added James Clark, Managing Director of Harris Williams. “We look forward to following the continued success of Bradford Health as it continues to provide much-needed care and positively impact the lives of the patients it serves on a larger scale.”
Bradford Health is one of the largest and oldest providers of addiction treatment and recovery services in the South East. Through a coordinated network of 40 facilities, Bradford Health offers affordable, proven treatment services across the acuity spectrum, including early intervention services, crisis response, intensive outpatient care, inpatient partial and residential care, inpatient detox, and life and transitional life skills. programming.
Founded in 1986, Center Partners is a leading middle-market private equity firm focused on the consumer and healthcare sectors, with offices in New York and Los Angeles and approximately $2.6 billion in invested equity in more than 89 transactions. Center Partners seeks to partner with founders, families, entrepreneurs and management teams to build exceptional businesses. Center Partners offers management teams access to its unique resources, which includes an extensive network of experienced and proven operational executives.
Lee Equity is a New York-based private equity firm that partners with high-performing management teams to build companies with high growth potential. Lee Equity targets equity investments of $50 million to $150 million in mid-market takeover buyouts and growth capital financings in companies with an enterprise value between $100 million and $500 million that are mainly located in the United States. The firm invests in a range of industries where the team has deep relationships developed over decades, including business services, financial services and healthcare.
Harris Williams, an investment bank specializing in M&A advisory services, defends sellers and buyers of businesses around the world through critical stages and provides sound advice throughout the life of their businesses. By collaborating as one company across industry groups and geographies, the company helps its clients achieve results that support their goals and strategically create value. Harris Williams is committed to excellence in execution and to building lasting and valuable relationships based on mutual trust. Harris Williams is a subsidiary of PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams HCLS Group has experience across a wide range of industries, including healthcare providers; payers and payer services; outsourced pharmaceutical services; medical device supply chain; health informatics; and pharmacy. For more information on the HCLS Group and other recent transactions, visit HLS Group section of the Harris Williams website.
Harris Williams LLC is a registered broker and member of FINRA and SIPC. Harris Williams & Co. Ltd is a limited company incorporated under the laws of England with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, United Kingdom, registered with the Registrar of Companies for England and Wales (registration number registration 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court in Frankfurt am Main, Germany under number HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main. -le-Main, Germany (e-mail address: [email protected]). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT number DE321666994). Harris Williams is a trading name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH operate.
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