Deal Synopsis:
The Lenox Group advised Accord Services, LLC (“Accord” or the Company) on its sale to Coppermine Capital, LLC. Headquartered in Marietta, Georgia, Accord provides skilled and unskilled private duty, in-home nursing to clients with catastrophic and complex injuries; predominately for workers compensation insurance cases. These particular cases are often cost prohibitive, and complications can be life-threatening. Accord is a leading provider of long-term, 24-hour care to patients in the Georgia market due to its focus on reducing overall costs, increasing quality of life and significantly improving outcomes for clients.
Founded in 2002, Coppermine Capital has a long-term investment horizon and is positioned to support investments over many years and business cycles, taking a team approach and working in partnership with management to achieve the goal of lasting value and long-term growth. Coppermine Capital is a private investment firm seeking to acquire control positions in small to mid-size home health care, niche manufacturing, and service companies. Coppermine Capital targets companies with annual sales between $5 and $25 million. In addition to new investments, Coppermine is interested in add-on acquisitions that complement the companies in our portfolio.
The Lenox Group acted as exclusive financial advisor to Accord in connection with this transaction.