Traverse Pointe Partners, a Chicago-based private equity firm, is pleased to announce that its portfolio company, The Hope House, a nationally accredited, multi-location, luxury substance abuse treatment operation has acquired – Scottsdale Detox Center of Arizona (“Scottsdale Detox”). Financial terms of the transaction were not disclosed.
“Our acquisition of Scottsdale Detox expands the services we can provide on the continuum of care for rehabilitation and presents tremendous synergistic potential to the Hope House” said Michael Simon, Managing Principal of Traverse Pointe. “Quinn McCullough and the Hope House leadership team continue to exceed our expectations every step of the way. Scottsdale Detox presents an opportunity for The Hope House to broaden its reach, expand its service offerings and create a greater impact to our customers and clients. We will continue to buy, build and broaden the portfolio under this great management team. We expect more acquisitions and announcements in the months to come.”
Quinn McCullough, Chief Executive Officer of The Hope House, said “We look forward to building on the phenomenal foundation in place at Scottsdale Detox. Traverse Pointe continues to fuel our growth and has been an exceptional partner at every step of the way. We believe our high-quality substance abuse rehabilitation program is one of the best in the country. We will continue to grow and reach as many lives as we can under our partnership with Traverse.”
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 completion percentage of its program for the Company’s patients.
For more information on The Hope House: https://www.thehopehouse.com/
For more information on Scottsdale Detox: https://scottsdaleazdetox.com/
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. To date, Traverse has made six platform investments.