Revelstoke Capital Partners and CDPQ Announce Significant Investment in Crossroads Processing Centers

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DENVER and MONTREAL, January 11, 2022 / PRNewswire / – Revelstoke Capital Partners (“Revelstoke“), a leading private equity firm focused on investing in healthcare services companies, and Caisse de dépôt et placement du Québec (” CDPQ “), a global investment group, announced today hui having completed the recapitalization of a subsidiary of Crossroads Treatment Centers (“Carrefour” or the “Company”), together with the management of the Company. Revelstoke initially invested in the Company in december 2014.

Founded in 2007 by Dr. Rupert mccormac and located in Greenville, South Carolina, Crossroads is a leading provider of behavioral health care with an exceptional clinical reputation and a focus on substance use disorders and mental illness. The Company provides care in various modalities, using Medication Assisted Treatment (“MAT”), 24/7 access to care, in-person visits, telehealth, metrics-based care. , laboratory services and intensive care coordination services to provide comprehensive care of the whole patient. With more than 115 treatment sites in ten states, Crossroads helps manage more than 26,000 high-risk lives.

Simon bachleda, co-founder and managing partner of Revelstoke, said: “We are delighted to expand our partnership with Dr. McCormac and the team at Crossroads, who deliver proven quality care outcomes through essential health services and coordinated care to a vulnerable population. . We look forward to supporting the continued growth of the Company as it continues to advance its mission and combat substance use disorders and the mental health epidemic in our country. “

“Since its founding, Crossroads has positively impacted the lives of thousands of people through its mission-oriented culture and patient-centered approach to quality clinical care,” said Martin Laguerre, Executive Vice-President and Head of Private Investments and Capital Solutions at the Caisse. “We are excited to support Crossroads’ next phase of growth as the company continues to make these essential health services accessible to more patients across the board. United States. “

Revelstoke has been a valuable partner to the Crossroads management team and we are delighted to welcome the CDPQ as a new partner, ”said Dr. McCormac, Founder and CEO of Crossroads. “This incredibly valuable partnership allows us to further expand vital access to the most convenient, comprehensive, high-quality care for so many people in urgent need of services. We are very excited for the future. “

“Since Revelstoke’s initial investment in Crossroads, the company has expanded its geographic footprint from four to ten states and has more than tenfold the number of patients it manages,” said Michel Constantinide, director at Revelstoke. “This transaction will provide the company with additional capital to pursue complementary acquisitions and invest in and develop its differentiated and comprehensive value-based care model. “

Winston & Strawn LLP provided legal advice to Crossroads, and Harris williams acted as financial advisor to the Company. McGuireWoods LLP and Simpson Thacher & Bartlett LLP acted as legal advisers for Revelstoke. McDermott Will & Emery LLP provided legal advice to the Caisse.

About Carrefour

Crossroads (www.crossroadstreatmentcenters.com) exists to improve health equity for superior health outcomes. Crossroads is focused on treating the whole person through a disciplined adherence to evidence-based practices for more than 26,000 high-risk lives across its more than 115 locations in ten states and a wide range of services. health.

On Revelstoke

Revelstoke (www.revelstokecapital.com) is a private equity firm of experienced investors focused on building industry-leading businesses in the healthcare and related business services sectors. Revelstoke Partners with entrepreneurs and leadership teams to execute a disciplined organic growth and acquisition strategy while striving to build exceptional businesses. Revelstoke is based at Denver, Colorado and around $ 4.3 billion assets under management. Since the creation of the company in 2013, Revelstoke made 135 acquisitions, including 24 platform companies and 111 complementary acquisitions.

About the Fund

At the Caisse de dépôt et placement du Québec (CDPQ), we invest constructively to generate long-term sustainable returns. As a global investment group managing funds for public pension and insurance plans, we work alongside our partners to build businesses that drive performance and progress. We are active in major financial centers, private equity, infrastructure, real estate and private debt. As of June 30, 2021, the Caisse’s net assets totaled CAD 390 billion. For more information, visit cdpq.com, follow us on Twitter or visit our Facebook or LinkedIn pages.

Contact:
Caroline Luz
Lambert & Cie.
203-656-2829
[email protected]

Conrad Harrington
Senior Director – International Media Relations – CDPQ
+1 514 847-5493
[email protected]

SOURCE Revelstoke Capital Partners

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