ResCare, Inc., a Louisville-based company that provides care and services to the elderly and individuals with disabilities, has acquired an 81 percent controlling interest in the operating subsidiaries of Maatwerk Groep, BV, a Netherlands company with 18 locations in the Netherlands, United Kingdom and Germany. Financial terms of the acquisition were not disclosed.
Maatwerk is a private provider of government-funded job reintegration services that include job training and job placement assistance.
Expected annual revenues from the acquisition are $10 million. Ralph Gronefeld, ResCare president and chief executive officer, said the acquisition provides ResCare with an entry into the European Union and will provide the company with a platform for more international opportunities. “[Maatwerk] is an excellent company that mirrors our U.S. employment training services,” said Gronefeld. “We know this field in the United States, and we look forward to expanding our expertise overseas.”
ResCare has more than 30 years of experience in providing care and services to the elderly and those with disabilities. The company has more than 40,000 employees in the United States, Puerto Rico and Canada.
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