Redwoods Dowling Kerr handles sale of Aspire Scotland to the Priory Group
Redwoods Dowling Kerr handles sale of Aspire Scotland to the Priory Group for an undisclosed sum
Specialist business broker Redwoods Dowling Kerr Healthcare has handled the sale of Aspire Scotland to the Priory Group for an undisclosed sum.
Aspire Scotland, which is an award-winning provider of bespoke care and education services for children and young people in the UK, has been sold to the Priory Group which is a leading independent provider of behavioural care in the UK.
Redwoods Dowling Kerr Healthcare negotiated the sale on behalf of Aspire Scotland which provides community-based, living and learning environments based in the North West of Scotland for some of the most vulnerable children and young people in the UK.
The business was established by Eddie McCaffrey in 2010 following a career working in residential care and education for young people.
Aspire Scotland operates seven homes in Scotland and caters for vulnerable children and young people, providing a safe, nurturing and ‘family’ environment. It also operates its own independent school as well as a café and leisure facilities based at Aspire Scotland’s headquarters in Kilbirnie.
Young people aged eight to 18, are supported to develop their personal and independent living skills with opportunities to take part in activities such as music, drama, sport and fitness.
Anthony Rae, Sales Director for Redwoods Dowling Kerr Healthcare based in Preston, Lancashire, said they drew on their specialist expertise to secure the right buyer to continue Aspire Scotland’s award-winning work and maintain its family based ethos and culture.
He said: “We are extremely pleased to announce that Aspire Scotland has been sold to the Priory Group.
“Our team of specialists worked extensively with Aspire Scotland and the Priory Group to manage the sale and ensure a smooth transferal of ownership with confidentiality at the heart of the process.
“Redwoods Dowling Kerr Healthcare has a proven track record in finding the right strategic buyer for its clients.
“Aspire Scotland has an excellent reputation within the care industry and we are extremely pleased to have supported this successful sale to the Priory Group which will ensure its operations continue to go from strength to strength.”
Eddie McCaffrey said the sale would enable him to focus on his charity ambitions.
He said: “I am extremely proud of everything that we have achieved at Aspire Scotland and I am confident that our unique approach to helping some of the most vulnerable children and young people in the UK will continue to grow and excel under the Priory Group.
“I will be acting as a consultant during the transitional period which will be an excellent opportunity for both parties to share best practice and expertise within the care industry.’’
The sale was facilitated by Daniel McCormack of Lupton Fawcett LLP, Director in the Corporate Finance team.