Denver, Colorado (October 29, 2020) – The Forbes M+A Group (Forbes), a leading middle market transaction advisory firm, is pleased to announce its client, Evergreen Home Healthcare (Evergreen), has successfully been acquired by Aveanna Healthcare, a portfolio company of Bain Capital.
“I am happy to have found such a great team to lead us through this exit. Forbes really took the time to internalize our goals, which varied from shareholder to shareholder, and created a process that met the needs of all of us,” said Aaron Ellsworth, Co-Founder, and CEO of Evergreen Home Healthcare. “The Forbes team was targeted in their marketing and found a buyer that really valued what my partners and I have built, even amidst this challenging environment. We are excited to become a part of Aveanna and are eager to see them take Evergreen to the next level.”
Bill Nack, Managing Director & Partner at Forbes and Evergreen’s lead advisor, states ”It was an honor to represent a client such as Evergreen Home Healthcare,” Mr. Nack added, “Their management team, approach to patient care, and continued growth within their markets was highly attractive to buyers within the home healthcare space. Despite challenges 2020 confronted us with, we were able to drive the process quickly and efficiently from start to finish.”
Blake Shear, Director at Forbes and co-advisor, additionally commented, “Evergreen Home Healthcare’s breadth of services and reputation for exceptional patient care has made them a leader in Colorado,” Mr. Shear stated, “With the acquisition of Evergreen, Aveanna Healthcare will be able to quickly expand market share in this Medicaid friendly state and enable Evergreen to reach new heights.”
About Evergreen Home Healthcare
Evergreen Home Healthcare, LLC is a locally owned and operated company founded in 2007, located on the front range of Colorado. Since 2007, Evergreen Home Healthcare, LLC has helped hundreds of patients of all ages with a multitude of medical needs and conditions, receive the home care they need. Evergreen provides comprehensive home healthcare, including acute care and long-term medical care, specialized pediatric care, and more from compassionate caregivers.
About Aveanna Health Care
Aveanna Healthcare has helped set the standard for highly skilled in-home nursing services, raising the level of clinical expertise in the home care community. Aveanna’s broad range of services expands beyond in-home private duty nursing care to include in-home aide services, respite care, school nurse services, therapies, and rehabilitation.
About Bain Capital
Bain Capital is one of the world’s leading private multi-asset alternative investment firms with approximately $105 billion in assets under management that creates a lasting impact for investors, teams, businesses, and communities. Founded in 1984, Bain pioneered a consulting-based approach to private equity investing, partnering closely with management teams to offer insights that challenge conventional thinking, build great businesses, and improve operations.
About The Forbes M+A Group
The Forbes M+A Group, founded in 2004 with offices in Denver, CO, Salt Lake City, UT, and Nashville TN, is an award-winning investment bank with expertise in mergers and acquisitions, capital formation, and financial restructuring within the middle market. The group has over 15 years of experience delivering outstanding results for business owners, entrepreneurs, and investors. Advisors at The Forbes M+A Group have 250+ years of combined experience in international transactions across a wide variety of industries. The Forbes M+A Group has been recognized as a leader within the middle market as a regional M&A Firm of the Year for the past 5 years. For more information, please visit us at www.forbesma.com or phone at (303) 770-6017.
Media Contact: Sara Cody | +1 (303) 558-1462 | Sara.Cody@ForbesMA.com
For more information on this and other transactions, contact The Forbes M+A Team.