Key Takeaways
- • Endurance Capital has acquired a majority stake in Forge Care, a Nuneaton-based specialist provider of trauma-informed residential care for children in the West Midlands, supported by a multi-million-pound investment to fund expansion.
- • Forge Care operates a purpose-built therapeutic campus in Warwickshire comprising four Ofsted-registered children's homes with capacity for up to 24 placements, integrated with specialized therapeutic services—a scalable operating model that attracted institutional investment.
- • Founders Gavin and Ryan Miller retain leadership roles alongside managing director Adam Wells post-transaction, signaling continuity in operational management and strategic vision under private equity ownership.
- • The deal was facilitated by Debrett's Advisory (corporate finance) and Browne Jacobson (legal counsel to Endurance Capital), with capital deployment earmarked for geographic expansion and development of additional residential facilities.
- • The transaction reflects broader institutional appetite for specialist care providers with demonstrated outcomes track records and operational scalability, particularly in high-barrier-to-entry therapeutic care segments.
Summary
Endurance Capital has completed the acquisition of a majority stake in Forge Care Limited, a specialist provider of trauma-informed residential care for vulnerable children based in the West Midlands. The deal represents a significant institutional capital deployment into the therapeutic care sector, with the investment vehicle supporting the company's next phase of expansion and service development across the region.
Forge Care operates a purpose-built therapeutic campus branded "The Forge" located in Warwickshire. The facility comprises four Ofsted-registered children's homes with integrated therapeutic service capabilities, accommodating up to 24 residential placements. The business was founded by the Miller family and previously benefited from equity investment by Future Planet Capital. The company's operational model combines therapeutic outcomes with geographic scalability, which advisers identified as a key attraction for institutional investors.
Under the transaction structure, founders Gavin and Ryan Miller will continue in key leadership positions, alongside managing director Adam Wells, ensuring management continuity post-completion. Gavin Miller emphasized the partnership's alignment with Forge Care's founding mission: "Since we began building The Forge, our ambition has always been to create an environment where vulnerable children receive the highest standard of therapeutic care and support. We are incredibly proud of what the team has achieved, and Endurance Capital shares our long-term commitment to that vision."
The investment will fund expansion initiatives including the rollout and development of additional residential homes. Martin Poole, partner at Debrett's Advisory (which advised shareholders), noted the business's competitive positioning: "Forge Care has built an outstanding reputation in a highly specialised and important area of the care sector. The business combines exceptional outcomes with a scalable operating model, making it an attractive investment opportunity." Browne Jacobson provided legal counsel to Endurance Capital on the acquisition.
The transaction underscores institutional private equity interest in specialist care provision, particularly in therapeutically-focused segments serving vulnerable populations where regulatory barriers, specialized operational expertise, and demonstrated outcomes create defensible market positions.
Forge Care operates a purpose-built therapeutic campus branded "The Forge" located in Warwickshire. The facility comprises four Ofsted-registered children's homes with integrated therapeutic service capabilities, accommodating up to 24 residential placements. The business was founded by the Miller family and previously benefited from equity investment by Future Planet Capital. The company's operational model combines therapeutic outcomes with geographic scalability, which advisers identified as a key attraction for institutional investors.
Under the transaction structure, founders Gavin and Ryan Miller will continue in key leadership positions, alongside managing director Adam Wells, ensuring management continuity post-completion. Gavin Miller emphasized the partnership's alignment with Forge Care's founding mission: "Since we began building The Forge, our ambition has always been to create an environment where vulnerable children receive the highest standard of therapeutic care and support. We are incredibly proud of what the team has achieved, and Endurance Capital shares our long-term commitment to that vision."
The investment will fund expansion initiatives including the rollout and development of additional residential homes. Martin Poole, partner at Debrett's Advisory (which advised shareholders), noted the business's competitive positioning: "Forge Care has built an outstanding reputation in a highly specialised and important area of the care sector. The business combines exceptional outcomes with a scalable operating model, making it an attractive investment opportunity." Browne Jacobson provided legal counsel to Endurance Capital on the acquisition.
The transaction underscores institutional private equity interest in specialist care provision, particularly in therapeutically-focused segments serving vulnerable populations where regulatory barriers, specialized operational expertise, and demonstrated outcomes create defensible market positions.
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