Bolt-on deals drive Enara growth
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Enara Group has continued with its acquisitive growth by snapping up three new businesses with the help of its private equity investor.
Private equity-backed home-care business Enara Group has made three bolt-on acquisitions as part of its strategy to broaden its geographical reach.
Enara, which received investment from August Equity in 2008, has purchased Freedom Social Care Recruitment (Freedom), Rise and Shine Care and Croft Community Services.
Since its initial private equity backing Enara has grown through acquisitive and organic growth and now provides 5 million hours of care and support per year through its 40 locations.
Of the newly acquired businesses, Freedom provides domiciliary care to the likes of Bristol City Council, South Gloucestershire and Wiltshire as well as recruitment work for nursing homes and other care providers.
Andy Dun, CEO of Enara, comments, 'The businesses are a great addition to Enara and are currently being integrated within the group which will enable greater efficiency and care provision.
'Across the group, we continue the installation of our new IT system, which covers vital areas including finance, payroll, HR, operational management and training.'
August Equity partner, Aatif Hassan, says the new acquisitions add strategic value to Enara.
He adds, 'We have a good pipeline of bolt-on acquisitions which we hope to complete in the coming weeks.'