Trinity Hunt completes third behavioural health deal with Lakeview investment

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Dallas-based private equity firm Trinity Hunt Partners has completed a majority investment in substance abuse treatment company Lakeview Health Systems.

The firm said it planned to invest heavily in Lakeview to support continued growth.

The deal is Trinity’s third in the behavioural healthcare sector, following its 2008 purchase of Castlewood Treatment Centers and 2010 investment in a minority stake in Eating Recovery Centres.

Castlewood is a residential eating disorder treatment company in St. Louis, Missouri, while Eating Recovery Centers is a Denver-based eating disorder treatment facility offering inpatient and outpatient treatment options.

Trinity partner Hunter Peterson said, “Lakeview is a large, scalable asset that is well positioned for growth within the steadily expanding behavioral health industry.

“This investment underscores our commitment to the inpatient and residential behavioral health industry, a space that is benefiting from the significant tailwinds created from both mental health parity legislation and increased awareness and funding for drug and alcohol treatment.”

Trinity is currently targeting $250m for its fourth buyout fund, and had gathered more than half that amount by last November, according to filing with the US Securities and Exchange Commission.

New York-based BerchWood Partners is placing the fund, which already counts Massachusetts Mutual Life Insurance Company among its investors.

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