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Dale Roads Group Acquisition

27th September 2021

Dale Roads Group, a long-established and highly regarded provider of care services in Pembrokeshire, has added a sixth care home with the recent acquisition of Pembroke Haven Residential Care Home Ltd.  The privately owned business made the acquisition in a £1.8m deal funded by the Development Bank of Wales, with Corporate Finance advice provided by SME Finance Partners.

Mike Davies, Managing Director of Dale Roads Group said “Our relationship with the Development Bank dates back to 2017.  Richard Easton, has been hugely supportive of our growth; providing flexible and affordable funding that has enabled us to continuously invest in the care that we provide for our residents. The acquisition of Pembroke Haven as a purpose-built residential care home is a perfect fit with our business. We’ve been able to safeguard 43 local jobs and maintain the provision of community-based high-quality care right in the heart of Pembrokeshire”.

SME Finance Partners have supported Dale Roads Group for several years and worked with Mike to evaluate potential acquisition targets.  We undertook detailed financial due diligence on Pembroke Haven, before preparing the consolidated financial projections of how the enlarged group would look incorporating all six care homes.

Mike added “This was the largest deal that we’ve done and our first share purchase transaction. Having Chris lead on the financial due diligence and financial forecasts played a big part in getting DBW to support this deal.  That meant that I could focus on planning the operational and HR aspects of integrating Pembroke Haven into the Dale Roads Group”.