Sullivan Street Partners, a UK-based mid-market buy-out specialist, has announced the acquisition of UKAT, the UK’s leading residential addiction treatment group.

UKAT operates more than 200 beds across eight residential facilities in the UK, all of which will now transfer to Sullivan Street Partners.

Daniel Gerrard, chief executive and founder of UKAT, said: “We’re thrilled to welcome new ownership under Sullivan Street Partners.

“We have a positive history with the team and they know the industry, our business, and, most importantly, our desire and drive to help as many people suffering with addiction as possible, and they’ll undoubtedly be able to help us achieve our mission.”
Layton Tamberlin, managing partner at Sullivan Street, added: “We are pleased to have completed this acquisition.

“Over the course of our involvement, we developed a comprehensive understanding of the business, its aims, and have built a strong relationship with the management team.

“We have deep respect for Daniel and his drive to provide the best-possible outcomes for UKAT’s patients and stakeholders, and persevering through challenging periods of fraught ownership.

“We are confident in UKAT’s resilience and growth prospects and we look forward to bringing out the company’s full potential over the years to come.”

Connell Consulting produced vendor commercial due diligence to support the sale.