The deal

We’re pleased to have acted as lead adviser to Montana Healthcare and its shareholders, one of the UK’s leading providers of support for people with learning disabilities, on its sale to Achieve Together.

Montana Healthcare, established in 2007 and based in South Wales, is a provider of supported living and domiciliary care services specialising in care packages at the complex end of the acuity curve. The company was founded by Robert and Karen Hession and over the intervening period cemented an excellent reputation in the adult care sector for providing high standards of care across its portfolio of six homes.

Achieve Together was formed in 2018, following the merger of Care Management Group (CMG) and The Regard Partnership via an investment by Australian global investment manager, AMP Capital.

Our Corporate Finance team led by Director Thomas Edwards introduced the opportunity to a number of prospective acquirers, negotiated terms, and managed the process through to a successful completion in which Achieve Together emerged as the preferred acquirer.

The latest acquisition of Montana will enable the two organisations to share high-quality leadership, expertise and resources as they join forces. It will also see Achieve Together’s presence in South Wales, where it already operates a variety of services.

Thomas Edwards, Director at FRP Corporate Finance, said: “We are delighted to have acted for Robert and Karen on the sale of their business to Achieve Together. The result is testament to the hard work they have put in over the years to build the business up to be one of the leading supported living and domiciliary care providers in South Wales. There was significant buyer interest in the company but Achieve Together emerged as the preferred bidder early on and it was a pleasure working with their deal team to complete this transaction.”

Robert Hession, Founder of Montana Healthcare, said: “Karen and I are delighted to have sold our business to Achieve Together, who share our values, principals and beliefs. We firmly believe they are the right company to take Montana to the next level and achieve even further success. We would like to take this opportunity to offer our sincerest thanks to Thomas from the Cardiff team who negotiated the sale of our business and worked tirelessly on our behalf to reach completion. Karen and I would have no hesitation in recommending this team to any company who are considering selling their business.”

Andrew Morris and Jack Wellington of Geldards provided legal advice to the shareholders.