Barnsley’s Optimo Care Group has acquired CFT Care Limited.
Based in Clacton, CFT Care is a supported living and specialist care provider, established in 2014 by David Thompson. The company employs approximately 230 skilled staff members who deliver essential services to around 60 younger adults with learning disabilities and autism.
CFT Care operates around 44 purpose-built supported living units across multiple sites in cluster settings, all of which will be included in the acquisition. This acquisition also includes a portfolio of supported living development sites for future expansion.
Optimo Care Group will be retaining all current CFT Care staff members, ensuring continuity of care and stability for the service users. The company also plans to further expand the team to accommodate the anticipated growth in services.
Optimo supports thousands of people across the UK with a variety of complex and specialist support needs. An acquisitive strategy and strong organic growth over the last 18 months has resulted in the Group trebling its post-pandemic revenues. The Group comprises multiple subsidiaries, employing over 1,400 people across the UK.
Optimo is now aiming to double its revenues over the next two years.
The sale was facilitated by Redwoods Dowling Kerr. Optimo was advised by Freeths LLP (Legal), Hazlewoods LLP (Financial and Tax), Knight Frank LLP and Eddisons Commercial (Property). CFT Care was advised by Ellisons LLP (Legal) and TC Group (Tax).
Ben Hales, Group Projects Director and head of M&A at Optimo, said: “I am absolutely delighted to have finalised this deal and to welcome the CFT Care team into the Optimo family. CFT Care has built and maintained an excellent reputation in the Essex area. With significant potential for continued growth through new development sites in the pipeline, we are eager to begin working with the team to drive our shared vision forward.
“I would like to thank all of our teams who have worked tirelessly around the clock to make this deal happen. We couldn’t have accomplished this without their dedication and hard work behind the scenes. Additionally, I would like to extend a personal thank you to David for his cooperation and assistance throughout this process.”
Ryan Brummitt, Managing Director for Supported Living and Specialist services at Optimo Care Group, said: “At Optimo, our focus is always on providing the highest quality of care and support for our service users. The acquisition of CFT Care allows us to extend our reach and enhance our services, ensuring more individuals receive the compassionate and personalised care they deserve.
“We are thrilled to welcome the CFT Care team and look forward to collaborating closely to make a positive impact on the lives of those we support.”
