Harris Williams Advises Bradford Health Services on its Sale to Lee Equity Partners, LLC
October 31 2022 - 3:46PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised Bradford Health
Services (Bradford Health), a portfolio company of Centre Partners,
on its sale to Lee Equity Partners, LLC (Lee Equity). Based in
Birmingham, Alabama, Bradford Health is a leading substance use
disorder treatment provider in the Southeast. The transaction was
led by Whit Knier, James Clark, Taylor Will and Teddy Reeve of the
Harris Williams Healthcare & Life Sciences (HCLS) Group.
“Behavioral health continues to be an attractive industry for
investors and strategic buyers alike given the pervasive unmet
demand for services across our country. Bradford Health uniquely
addresses key problems plaguing the country’s substance use
disorder epidemic by offering greater access to high-quality and
compassionate care that spans the continuum from detox, inpatient,
and outpatient services,” said Whit Knier, a managing director at
Harris Williams. “It was a pleasure working with the teams at
Bradford Health and Centre Partners, and we look forward to the
company’s next chapter in partnership with Lee Equity."
“Together, Bradford Health management and Centre Partners built
the leading provider of substance use disorder treatment in the
Southeast, and the company’s new partnership with Lee Equity
represents an exciting opportunity to continue the momentum
Bradford Health has built over the past several years,” added James
Clark, a managing director at Harris Williams. “We look forward to
following Bradford Health’s ongoing success as it continues to
provide much needed care and positively impact the lives of the
patients it serves on a greater scale.”
Bradford Health is one of the largest and longest-tenured
providers of substance abuse treatment and recovery services in the
Southeast. Through a coordinated network of 40 facilities, Bradford
Health offers affordable, proven treatment services across the
entire spectrum of acuity, including early intervention services,
crisis response, intensive outpatient care, partial hospitalization
and residential care, inpatient detox, and transitional living and
life skills programming.
Founded in 1986, Centre Partners is a leading middle market
private equity firm focusing on the consumer and healthcare
sectors, with offices in New York and Los Angeles and approximately
$2.6 billion of equity capital invested in over 89 transactions.
Centre Partners seeks to partner with founders, families,
entrepreneurs and management teams to build exceptional businesses.
Centre Partners provides management teams access to its unique
resources, which includes an extended network of experienced and
proven operating executives.
Lee Equity is a New York-based private equity firm that partners
with successful management teams to build companies with strong
growth potential. Lee Equity targets equity investments of $50
million to $150 million in middle market control buyouts and growth
capital financings in companies with enterprise values of $100
million to $500 million that are located primarily 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 services.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams HCLS Group has experience across a broad
range of sectors, including healthcare providers; payors and payor
services; outsourced pharmaceutical services; medical device supply
chain; healthcare IT; and pharmacy. For more information on the
HCLS Group and other recent transactions, visit the HCLS Group’s
section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 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 of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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For media inquiries, please contact Julia Moore at
media@harriswilliams.com.
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