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M&A Deal Summary

Redwood Holdings Acquires Erickson Living Management

On December 23, 2009, family office Redwood Holdings acquired consumer services company Erickson Living Management for 365M USD

Acquisition Highlights
  • This is Redwood Holdings’ 1st transaction in the Consumer Services sector.
  • This is Redwood Holdings’ 2nd largest (disclosed) transaction.
  • This is Redwood Holdings’ 1st transaction in the United States.
  • This is Redwood Holdings’ 1st transaction in Maryland.

M&A Deal Summary
Date 2009-12-23
Target Erickson Living Management
Sector Consumer Services
Buyer(s) Redwood Holdings
Deal Type Special Situations/Distressed
Deal Value 365M USD

Target

Erickson Living Management

Baltimore, Maryland, United States
Erickson Living Management is a developer and manager of continuing care retirement communities (CCRCs). The Company manages large campus-style communities in Colorado, Florida, Kansas, Maryland, Massachusetts, Michigan, New Jersey, Pennsylvania, Texas and Virginia. Erickson Living Management is based in Baltimore, Maryland.

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Buyer(S) 1

Buyer

Redwood Holdings

Investor Investor Investor

Category Family Office
Founded 2006
Size Large
Type Sector Agnostic
DESCRIPTION

Redwood Capital is the private investment company for Jim Davis, a co-founder of Allegis Group. The Firm looks to acquire majority positions and generally seeks companies with established management in place, opportunities to re-invest earnings, and strong market positions with sustainable competitive advantages. Redwood Capital Investments was formed in 2006 and is based in Hanover, Maryland.

DEAL STATS #
Overall 1 of 7
Sector: Consumer Services M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 1 of 1
State: Maryland M&A 1 of 3
Country: United States M&A 1 of 7
Year: 2009 M&A 1 of 1
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-24 Tradepoint Atlantic

Baltimore, Maryland, United States

Tradepoint Atlantic is a multi modal terminal consisting of deep water berths, short-line railroad connecting to two Class I railroads, and direct interstate access. Tradepoint Atlantic is based in Baltimore, Maryland.

Buy $110M
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