Specialist care provider Auckland Care has completed a management buyout supported by commercial finance broker Christie Finance.
Fareham, Hampshire-based Auckland Care was established as a residential care business in 2003 and has since expanded into domiciliary care and supported living services across the south coast. The company supports 65 service users with mental health, learning disabilities and autistic spectrum care needs, and operates from five freehold properties.
Auckland Care director Trinity Munowenyu stated that the company is looking to expand and start a new supported living care group as part of the management buyout and acquisition.
Jimmy Johns, associate director at Christie Finance, said: “Despite the current economic conditions and pandemic, we were able to obtain support for Trinity and the team to buyout the exiting director. Although, at times, it was challenging, we quickly established that this was an excellent business with an incredibly bright future ahead.”
Date published: March 4, 2021