CBEM, LLC sells to Redwood Family Care Network
Learn how Baker Tilly Capital worked with CBEM to find a buyer committed to continuing this company’s legacy.
Client need
CBEM provides critical intervention services to the Department of Development Services (DDS) Regional Centers in the State of California. Founded in 2008, the company offers holistic support and services for adults and children with developmental disabilities and co-occurring physical or mental health disorders. The company’s founder and owner sought a path to retirement, shareholder liquidity, and a new partner committed to the company’s continued growth.
Baker Tilly Capital solution
Baker Tilly Capital ran a full sell-side process and worked with the owner and his management team to find the right partner. After soliciting proposals from potential strategic and financial buyers, the company selected Redwood Family Care Network, Inc. (“RFCN”), a portfolio company of Webster Equity Partners (“Webster”), as its new partner.
Results
CBEM found the right partner in RFCN, California’s largest provider of residential, day program and other support services. Together, Webster and RFCN will provide valuable resources and expertise to support CBEM’s continued growth and commitment to outstanding services.
About Webster Equity Partners
Founded in 2003, Webster Equity Partners is a private equity firm that partners with healthcare service companies with a focus on high-impact growth strategies based on delivering the highest quality care and exceptional service.
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Baker Tilly Capital professionals have completed hundreds of middle market transactions for public and private companies in various industries.