New Orleans, Louisiana – August 18, 2017 – LongueVue Capital (“LVC”) is pleased to announce that it has partnered with management to provide a growth equity investment in Quality Senior Living Partners (“QSL” or the “Company”). QSL is a leading owner-operator of premier assisted living and memory care facilities located throughout the Southeastern U.S.
Led by an experienced team of senior living industry executives and headquartered near Mobile, AL, QSL is a developer, owner, and operator of upscale senior housing communities focused on quality resident care coupled with a high-end resort experience. QSL’s private pay facilities are differentiated by excellence in design, service offering, luxury amenities, technological innovation, and supportive community atmosphere. The Company’s model features a full continuum of quality care and services with no upfront “buy-in” community fees. This innovative approach to senior living provides an unmatched, premium value as compared to alternative care options in the marketplace. The QSL management team has successfully launched de novo facilities in Louisiana, Mississippi, Florida, Tennessee, and Virginia.
“We are enthused to partner with QSL’s exceptional management team to address the growth opportunities in the senior care sector,” said John McNamara, Founder and Managing Partner of LVC. “The QSL team has developed a proven, scalable business model for delivering high-quality senior housing and providing a variety of service and care options that are not typically found in assisted living and memory care communities. We look forward to building upon QSL’s established track record and helping to fuel substantial additional growth throughout the Southeast.”
“QSL and its best-in-class executive team have successfully grown the business and established an outstanding reputation for providing exceptional care for its residents,” added Ryan Nagim, Principal at LVC. “In today’s evolving healthcare landscape, there is clearly a shift to more customized, consumer-focused services and a migration to value-based models. Driven by positive fundamentals and a leading market position, QSL has successfully capitalized on these trends. We are pleased to welcome QSL into LVC’s investment portfolio.”
“Our company was formed with the goal of providing outstanding senior living services that are meaningful, compassionate, and innovative,” said Glenn Barclay, Chief Operating Officer at QSL. “We offer our residents a luxurious community with resort-style services, unmatched access to wellness programs, and state-of-the-art technological features that mitigate risk and promote security and longevity. With shared core values and vision, this new LVC partnership will be highly complementary to our culture and operations.”
Andy Yarborough, President of QSL, added, “We are thrilled to partner with LVC in support of executing the strategic growth plan for our business. With a growing core demographic and evolving senior living needs, this is a critical time for our industry. In such a dynamic environment, our partnership with LVC will put in place the financial and strategic capital to enable us to quickly and meaningfully expand our platform and keep the QSL franchise performing at the highest level of care, hospitality and service in every market we serve.”
LVC’s legal counsel was provided by Winston & Strawn, LLP.
To learn more information about QSL and its portfolio, visit www.qslmanagement.com.
About LongueVue Capital:
Founded in 2001, LongueVue Capital is a New Orleans-based private equity firm that focuses on providing human capital, financial capital, and a skill set built upon a successful 18-year track record of partnering with entrepreneurs and management teams to drive value creation in middle market companies. Having managed over $500 million of capital spanning three funds coupled with 150 years of combined operating and investing experience, our team is the ideal partner for middle market companies at inflection points and seeking to maximize value.
Our opportunistic investment strategy provides the flexibility to partner with attractive businesses across a variety of industries and situations, and we tailor transaction structures to meet the company and stakeholders’ objectives. While we are selective with our investment strategy, we target growth-oriented companies with scalable, sustainable business models and exceptional leadership teams.
Our proactive, hands-on approach enables us to be thoughtful stewards of our portfolio companies and trusted and dependable strategic partners to all stakeholders. Together with our entrepreneur and management team partners, we help create superior value for our portfolio companies and investors.
To learn more about LongueVue Capital, please visit our website at www.lvcpartners.com.
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LVC is headquartered in New Orleans and maintains an office in Park City, UT to help us provide national coverage for transaction sourcing and portfolio company support.
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