Senior Care Centers of America, a portfolio company of Clearview Capital, has acquired Preston House Adult Day Care, a provider of care to elderly and disabled adults in the Hartford, Conn. area. No financial terms were disclosed.
Clearview Capital, LLC has completed the acquisition of Preston House Adult Day Care, which provides care to elderly and disabled adults in the Hartford, CT area. The transaction was structured as an add-on acquisition for Clearview’s portfolio company, Senior Care Centers of America, and closed on March 18, 2008.
Senior Care Centers of America is the premiere provider of adult day health services in the United States with a total of 21 centers in New Jersey, Pennsylvania, Connecticut and Mississippi. Designed to be a cost effective alternative to home health services, nursing homes and assisted living facilities, Senior Care’s state-of-the-art centers offer a daytime program of nursing care, social services, meals and recreational activities to elderly and disabled adults.
“Preston House is the third add-on aquisition we have made since acquiring Senior Care two years ago,” said Bill Case, Partner at Clearview Capital. “This acquisition strengthens our position in Connecticut, one of our key growth areas.”
Clearview’s holdings include Ace (Air Cooled Exchangers, Inc.), a leading manufacturer of air-cooled heat exchangers; Hettinger Welding, LLC, a leading provider of pipeline and facilities construction and maintenance services for customers building natural gas infrastructure; Rowmark, LLC ., a manufacturer and marketer of specialty plastic sheet and related products for the awards/recognition, engraving and signage markets; Twinco Romax, a vertically integrated manufacturer and distributor of automotive fluids sold through retail channels; M.H. Zeigler & Sons, the country’s leading manufacturer of refrigerated apple cider; Hillsdale Furniture, a designer and importer of wood and metal furniture; and a minority interest in Compression Polymers Group, the leading extruder of thick gauge polyolefin and PVC sheet, including AZEK� brand trim boards.