Chicago, IL – Traverse Pointe Partners (“Traverse”), a private equity firm focused on the lower middle-market, is pleased to announce the beginning of its sixth platform investment with The Hope House, LLC (“Hope House” or the “Company”), The Hope House – led by Chief Executive Officer, Quinn McCullough – is a leading, in-patient multi-location, residential operator, that provides behavioral health and substance abuse rehabilitation services. The Company is headquartered in Scottsdale, Arizona. Financial terms of the transaction were not disclosed.
“Traverse Pointe is excited to partner with the Hope House and we are looking forward to invest our capital and resources to build on the Company’s strong foundation,” said Michael Simon, Managing Principal of Traverse. “We are thrilled to partner with Quinn McCullough and the entire Hope House team. The Company serves a great need and purpose, while always focusing on improving the quality of life for each one of our residents. The Hope House provides the highest level of rehabilitation services, in a luxury setting, and we look forward to working with Quinn and management to expand the Company’s service offerings and broadening its geographic reach.”
Quinn McCullough, Chief Executive Officer of Hope House, said “From the moment we started discussions with Traverse Pointe, we knew they were the perfect partner to grow our business. They have immediately provided guidance and resources to grow faster than we thought would be possible. The results they have received to date are inspiring and our team is energized to compound on their successful track record. The combination of The Hope House’s first-class patient care and recovery amenities alongside Traverse Pointe’s expansion expertise is a union that excites the entire staff.”
About The Hope House
Founded in 2018 and located in Scottsdale, AZ, the Hope House is a nationally accredited, dual location, luxury substance abuse treatment operation. The Company provides 24/7 holistic and personalized treatment for alcohol, drug, and opioid addictions. The Company brings superior treatment quality to all of its patients with Masters level clinicians and a fully licensed staff. Additionally, the luxurious amenities and personalized plans result in longer duration stays and a high (85%) completion percentage of its program for the Company’s patients.
About Traverse Pointe Partners
Traverse Pointe Partners is a private equity investment firm focused on control investments in lower middle-market companies. Our investment professionals and operating partners offer an array of skillsets and expertise to enhance the value of our platform investments. We partner with strong management teams, providing capital along with operational, financial and strategic support to enable organizations to maximize their potential. The Hope House reflects the 6th platform investment Traverse has made, to date.