Adult specialist residential and supported living operator Accomplish Group has merged with Keys Group, provider of specialist education and care for children and young people.
The combined organisation will provide specialist support and education for more than 2,000 children, young people, adults and families in services and schools across England and Wales and will employ around 6,000 staff.
The merger will see the organisation operate three divisions: adult residential, including all homes run by Accomplish; independent living and activity services, which include Accomplish supported living services and Keys leaving care provision, adult day centres, activity centres and activity homes; and children’s residential and education, which will operate all the residential homes, including family assessment, and schools run by Keys.
Mel Ramsey, Accomplish chief executive, will take up the role of non-executive director on the newly formed combined board of the merged organisation and will also become an operating partner for G Square, which owns both providers.
David Manson, Keys Group chief executive, will become the CEO of the combined organisation. Both Accomplish and Keys will retain their individual brand identities for the foreseeable future.
‘Joining forces as one will benefit the people we support as well as colleagues across both groups. It creates not only an additional wealth of expertise, but also a natural pathway for the people supported by Keys to move into specialist high quality adult care more easily,’ said Manson. ‘It will also enable both organisations to benefit from each other’s investments over the last five years and to accelerate progress for both.’
In the year to 31 March 2021, Keys Group posted revenue of £110.6m, with EBITDAR reaching £25.2m, while Accomplish posted revenue of £104.6m, with EBITDAR £20.6m.
The organisation’s chair Ted Smith said: ‘These two organisations are a very good fit; as well as being highly regarded for the quality services they offer, they also share a culture and values which are closely aligned.
‘That focus on providing first-class care and education will remain our absolute priority as a single organisation.’
Goodwin Procter worked on legal, while PwC provided structuring and integration support on the merger.