Peak Home Care acquires Pegasus Care Limited

Chesterfield based domiciliary care provider Peak Home Care has acquired a Derbyshire based rival provider which supports over 60 clients in the Chesterfield Area.

Pegasus Care LTD was founded by Barbara Sowden in 1992 and has grown and developed over the last 26 years to become one of the preferred providers in Derbyshire. Under Barbara and Stephen Sowden’s guidance and expertise, Pegasus recently received a ‘Good’ CQC report, and built up excellent working relations with Derbyshire County Council.

Speaking of the sale, Barbara and Stephen said:-

“We’re delighted that Peak Home Care have acquired Pegasus Care Ltd. The staff we met from Peak Home Care have the same high standards as Pegasus Care, which made it easier to let Pegasus go. We wish them well for the future.”

Joe Cattee, Director at Peak Home Care added that the acquisition would help the company ‘evolve’, he comments:-

“We have seen Peak Home Care grow over the past 3 years, both in reputation and service provided, and I am immensely proud of all our Staff who have made this happen. The opportunity to acquire a local company which stands for the same principals and ethos as us is an exciting time for us.

“I look forward to welcoming the Pegasus Staff into Peak Home Care, and getting to know them better. We want to say a huge thank you to both Barbara and Stephen for giving us this opportunity, and all at Ironmonger Curtis LLP & Shorts Chartered Accountants, who enabled us to finalise the deal.”

Shorts Chartered Accountants were engaged as Lead Advisers for Pegasus in the sale, researching the market to identify a strategic buyer with Matt Milnes assisting to shape the deal and providing support throughout the transaction and Due Diligence process. Ironmonger Curtis LLP also advised.