United States, Washington, Seattle - 01/29/2020 (PRDistribution.com)
Montlake Capital (www.montlakecapital.com) is pleased to announce a growth equity investment in Fedelta Home Care (www.fedeltahomecare.com). Founded more than 15 years ago, Fedelta Home Care (“Fedelta”) is the leading provider of home care and home health care services in the Puget Sound region. Fedelta services the Puget Sound through offices in Seattle, Federal Way and Bellevue focusing on Service, Quality, Safety and Uncompromising Integrity.
Fedelta is headquartered in Seattle, providing in-home care for all ages living with health challenges. Fedelta offers short-term home care for people who are recovering post-surgery or are healing from an injury or medical event. Fedelta also provides long-term care for those with chronic conditions and illnesses who require ongoing nursing care, care management services or caregiver companionship. Home care and nursing options are flexible and can range from a few hours a week, to a few hours a day, to 24-hour live-in care.
This is an opportune time for Fedelta to be focused on growth as the need for home health care services has never been higher in the central Puget Sound region. The share of seniors in our community is projected to increase steadily to 18% around the year 2030 when the last baby boomer turns 65.
Fedelta will continue to be led by CEO Steve Meyer who founded the company in Seattle in 2004. The company selected Montlake Capital as its financial partner to support it in its next phase of growth. Montlake Capital is a well-known Seattle area growth equity firm that proved to be an ideal fit for the company. Steve Meyer noted, “I believe we have found the best partner for our company. I have maintained a relationship with the Montlake team for more than 10 years and believe they are uniquely qualified to help us build Fedelta into the leading independent home care and home health company in the region. Montlake will add both capital and expertise and I appreciate their success and understanding of health care services and experience building leading businesses in and around Puget Sound. Their strategic guidance will enable us to stay on our rapid growth trajectory and help us continue to improve in how we care for our clients in conjunction with our business partners. We believe Montlake will help us to retain and attract great co-workers and a skilled workforce providing exciting growth opportunities for all.
Andy Dale, Managing Director of Montlake said, “We are very excited to work with Steve and the team. They have a proven business model that we will scale together. Steve’s leadership and creative, motivated workforce will continue to deliver an industry leading customer experience supported by best in class quality and safety.” Dale added, “We would also like to thank the advisory teams at Karr Tuttle Campbell (www.karrtuttle.com), Clifton Larson Allen (www.claconnect.com), COO Services (www.cooservices.com) and Ryan Swanson & Cleveland (www.ryanswansonlaw.com) for their support in creating this partnership!”
About Montlake Capital – Montlake Capital (www.montlakecapital.com) is a leading growth equity firm with extensive investing and operating experience. Montlake principally targets Pacific Northwest based businesses with $5 to $50 million of revenue and $1 to $10 million of EBITDA. The firm actively partners with management teams to build and grow businesses, leveraging its extensive operational and strategic expertise to create sustainable value.
About Fedelta – Founded in 2004, Fedelta Home Care (www.fedeltahomecare.com) is a values driven company that prides itself on caring for its clients, caregivers and business partners. Fedelta is a licensed home care and home health care provider in Washington State.