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Featured Mergers, Acquisitions, and Capital Raise Transactions Closed via Axial
Evangeline Securities Advises Longbranch Recovery & Wellness in Acquisition by Abacus Investments
- Date November 2, 2023
- Transaction type Acquisition
- Industry Healthcare, Healthcare Services
Evangeline Securities LLC (“Evangeline”) acted as the exclusive financial advisor to Longbranch Retreat and Recovery Center, LLC (“Longbranch” or the “Company”), a leading provider of addiction treatment services in Louisiana, on a recapitalization with Abacus Investments (“Abacus”) out of Birmingham, AL. Financial terms of the transaction were not disclosed.
Longbranch, headquartered in Metairie, LA, offers individualized treatment to both men and women through a variety of evidence-based modalities and trauma-intensive therapies for long-term sobriety. The Company was founded by Chairman Christopher D. McMahon in 2017 and has successfully focused on assisting people in need, particularly those struggling with mental health disorders such as depression, anxiety trauma and PTSD.
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