Revelstoke Capital Partners, a Denver-based private equity firm, has acquired Monte Nido & Affiliates, an eating disorder treatment provider, from Levine Leichtman Capital Partners.
Monte Nido is a provider of eating disorder treatment with five brands and over 45 facilities in 15 states. The firm offers inpatient, residential, partial hospitalization, and intensive outpatient settings.
“We are excited to partner with Monte Nido, a high-impact organization that treats individuals suffering from eating disorders,” said Andrew Welch, partner at Revelstoke. “The increase in demand for eating disorder services continues to accelerate along with our nation’s overall mental healthcare needs. By providing the necessary capital, resources, and expertise, Revelstoke will help accelerate the Company’s mission of providing high-quality eating disorder treatments to communities across the nation.”
Raymond James acted as financial advisor and McDermott Will & Emery LLP acted as legal counsel to Revelstoke. Harris Williams served as financial advisor to Monte Nido. Terms of the transaction were not disclosed.