DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Inteli-Care LLC to 24 Hour Home Care, a company under the national home care organization, TEAM Public Choices. The transaction closed on November 16, 2022.
Founded in 2003, Inteli-Care (IC), located in Albuquerque, New Mexico, is a licensed and bonded Tier 1 authorized provider of personal care services. Inteli-Care’s caregivers and personal care attendants provide the highest quality of care with a wide range of non-medical services including light housekeeping, meal preparation, mobility assistance, companionship, cognitive assistance, medication reminders, and assistance with bathing and toileting. Each service plan is custom designed to meet the specific client needs. With a superior industry reputation, strong customer relationships, recurring monthly accounts, and a solid management team, IC is well-positioned for continued growth.
Inteli-Care was wholly owned by Onesimo “Mo” Vigil, CEO, and Rachel Vigil, Executive Director. Post-closing, both Mo and Rachel will be partners of the acquirer and continue in their respective roles and positions.
24 Hour Home Care is a trusted in-home care company that provides friendly and reliable home care services to seniors and children with disabilities. 24 Hour Home Care started in 2008 in Los Angeles and has since expanded across California and Arizona. By putting people first, striving for excellence, and investing in purposeful innovation, 24 Hour Home Care redefines what it means to care.
TEAM Public Choices (TPC) is a leading facilitator of caregiver supports for people with disabilities and the elderly, with an emphasis on empowering self-direction and consumer choice. It enables individuals to receive care in settings of their own choosing, leading to lower costs, better health outcomes, and better quality of life.
Don Ho, Managing Director M&A with Generational Equity, was the lead deal maker that successfully closed the transaction. Don Ho was supported by Executive Managing Director of M&A – Central Region, Michael Goss. Senior Managing Director, Rick Buchoz, established the initial relationship with Inteli-Care.
“We are incredibly honored to be help our clients do a deal with 24 Hour Home Care and TEAM Public Choices. The synergies are obvious, and we know that Inteli-Care/24 Hour will be the dominate healthcare provider of personal care services in New Mexico in the near future,” said Mr. Ho. “Additionally, this acquisition will allow Inteli-Care to serve its clients better as well as create new opportunities for its staff.”
“Inviting Inteli-Care to join our team was a natural next step for both of our organizations,” said Ryan Iwamoto, President & Co-founder of 24 Hour Home Care. “We’re excited to partner with Inteli-Care in providing in-home care to the most vulnerable populations. This is truly in line with the services we currently provide to seniors and people with disabilities and allows us to impact more lives on a greater scale.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 300 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020,and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.