Hazlewoods Corporate Finance has supported social care charity on their recent acquisition of residential care business 3L Care Group.
The acquired business has two homes in Winsford, Cheshire and one in Atherton, Wigan, and reported a turnover of over £3.8 million in its 2023 year-end results.
With its headquarters in Bolton, Greater Manchester, WCL supports people with dementia, autism, learning disabilities and mental health issues, to live their lives to the fullest.
WCL is one of the largest not-for-profit care providers in Cheshire, supporting more than 425 people. Its services are commissioned by local authorities, NHS integrated care partnerships and private clients.
The deal brings the number of staff in the enlarged WCL group to 275 and the number of residential properties to thirteen.
Phil Sermon, WCL Chief Executive, says: “Our five-year strategy looks to expand our geographic and service footprint. This acquisition demonstrates our scale up of WCL activity outside of our traditional Warrington heartland into the wider North West.
“We aim to develop our Residential Care and Supported Living services as well as the ABI services. The acquisition of 3L, along with new services in Chester, are the start of this programme.”
Hazlewoods Corporate Finance supported WCL by providing financial and taxation due diligence.
Richard Dade, Hazlewoods Partner, said: “3L Care Group represents a really important strategic acquisition for WCL, as they look to expand both the range of services offered and their geographical footprint. We really enjoyed working with the WCL team during what was a collaborative process, and look forward to continuing to support WCL with their growth strategy.”