Boxwood Advises Ridgemont and Coogee Bay on Acquisition of Senior Move Management Firm
Boxwood Partners advised Ridgemont Equity Partners and Coogee Bay Partners in their acquisition of Caring Transitions, a senior move management services provider. The deal marks Boxwood's third transaction in the senior care sector over 18 months. Caring Transitions offers estate liquidation through its digital platform CT Bids. Joshua Ellstein and Michael Felman from Coogee Bay will serve as co-executive chairmen alongside existing leadership, aiming to leverage growth opportunities driven by demographic trends. Boxwood's managing director Brian Alas highlighted the company’s unique value proposition in a high-touch service model for older adults transitioning homes. The transaction was supported by legal advisors Kohnen & Patton and Keating Muething & Klekamp on behalf of Caring Transitions, while Apogem Capital provided debt financing. Boxwood continues to expand its influence within the consumer services M&A space.
Topics: acquisitions investment banking private equity senior care