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Hazlewoods corporate finance team has assisted Optimo Care Group on its recent acquisition of living provider, Stepping Stones.
Optimo, which was founded in 2010, operates a number of subsidiaries across the North of England and employs over 900 people.
The addition of Rochdale-based Stepping Stones, a provider of supported living within the Greater Manchester area, follows on from previous acquisitions of Mayday Homecare, Safehands Support and My Life Choice in 2022.
Hazlewoods’ corporate finance team was responsible for supporting Optimo with the transaction, providing financial and tax due diligence services.
Alex Griffiths, associate director at Hazlewoods, said: “We are pleased to have supported Optimo on this acquisition, with Stepping Stones clearly being a great fit for expanding and optimising their offering in supported living and complex care services.”
Ben Hales, head of M&A at Optimo, said: “I am delighted to announce our latest acquisition of Stepping Stones. This deal further develops and supports our current growth strategy in supported living and complex care services.
“I would like to thank Alex, Jeremy, and the wider team at Hazlewoods for their support on this deal. Their knowledge and understanding of the sector was key in helping get the deal over the line. We look forward to working with the team again in the future.”
Ryan Brummitt, managing director for supported living and specialist services at Optimo, added: “With a values base aligned to Optimo, I look forward to working with Stepping Stones to plan the next stages of development and growth for the service across the Northwest.”
