Company Description
Port 45 Recovery (“Port 45” or the “Company”) is a leading provider of behavioral healthcare, offering premier treatment and rehabilitation services focused on drug and alcohol addiction, as well as mental health. The Company currently leverages 2 treatment centers in Portsmouth and Columbus, Ohio, 4 Safe Harbor houses, and a team of 57 employees to provide compassionate support to patients throughout Central and Southern Ohio.
Services Provided
MelCap Partners served as Port 45’s exclusive investment banker and financial advisor in the sale of the business. We’d like to thank the Shareholder of Port 45, Sharon Staley, for hiring MelCap Partners to represent her in this once in a lifetime transaction. It was an honor and pleasure to work with her throughout this exciting process.
The Result
In an effort to provide Ms. Staley with liquidity, and to continue to support Port 45’s strategic growth plans, MelCap was able to successfully identify the most logical buyer for the business. As a result, Port 45 was sold to Sunrise Treatment Center (“Sunrise”), headquartered in Cincinnati, OH, a portfolio company of Bridges Fund Management (“Bridges”). Sunrise provides a comprehensive outpatient treatment program, which offers safe, effective, and evidence-based care to meet the treatment needs of adults struggling with substance use disorders. The acquisition of Port 45 is essential in augmenting Sunrise’s strategic growth initiative to expand its geographic footprint throughout the state of Ohio.
“Once we started working with MelCap, they jumped right in and quickly learned my business model and the valuation we were looking for in a buyer. They did an excellent job marketing Port 45 Recovery. Their professionalism continued right up to the closing.”
