M&A Deal Summary

Housatonic Partners Acquires Carillon Assisted Living

On May 1, 1996, private equity firm Housatonic Partners acquired consumer services company Carillon Assisted Living

Acquisition Highlights
  • This is Housatonic Partners’ 2nd transaction in the Consumer Services sector.
  • This is Housatonic Partners’ 2nd transaction in the United States.
  • This is Housatonic Partners’ 1st transaction in North Carolina.

M&A Deal Summary
Date 1996-05-01
Target Carillon Assisted Living
Sector Consumer Services
Buyer(s) Housatonic Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Carillon Assisted Living

Raleigh, North Carolina, United States
Carillon Assisted Living develops and operates assisted living communities for seniors. It provides nutritious meals, medication management services, leisure, and recreational activity programs, utilities, housekeeping, and personal laundry services, local scheduled transportation services, Alzheimer’s and dementia care services, as well as social, educational, and devotional services to its residents. Carillon Assisted Living was founded in 1996 and is based in Raleigh, North Carolina.

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Buyer(S) 1

Buyer

Housatonic Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Housatonic Partners is a private equity firm focused on investing in growing, profitable companies with a preference for businesses generating recurring revenues. Target sectors include services, media, and communications. Housatonic looks to commit $10 to $30 million per transaction to support buyouts and recapitalizations. Prospective companies generally have high gross margins and moderate capital intensity. Housatonic was formed in 1994 and has offices in Boston, Massachusetts and San Francisco, California.

DEAL STATS #
Overall 2 of 79
Sector (Consumer Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 33
State (North Carolina) 1 of 2
Country (United States) 2 of 73
Year (1996) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Asurion

Nashville, Tennessee, United States

Asurion provides insurance tech support for smartphones, tablets, consumer electronics, appliances, satellite receivers and jewelry. Asurion was founded in 1994 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-06-01 Cambridge Communications

United States

Cambridge Communications was formed in 1996 to acquire the cable television systems of Classic Cable in New Mexico and Washington State.

Buy -
Mergr

Product

Company

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