Trilogy Capital Group LLC and Aeon Partners Inc., principal shareholders in newly formed Senior Lifestyle Associates Inc., today announced the opening of their joint operation in the fast-growing senior living sector.
The announcement was made jointly by Aeon, a Boca Raton investment business, and Trilogy Capital Group, a Miami-based private equity firm.
"Senior living is a burgeoning industry driven by an exploding senior population and demand from an aging demographic with increasing needs," Aeon’s managing partner, Demetri Mallios, said. "This demand will drive strong growth in the senior living industry over the next several decades as the baby boomers are the largest generation in U.S. history, constituting a sizable demographic wave."
Trilogy Capital Group CEO Alfonso J. Cervantes pointed out that baby boomers currently represent over 30 percent of the U.S. population; consequently, the older population is expected to increase from 40 million today to 70 million people by 2030.
"The senior living industry is highly fragmented and lends itself to a national 'buy and build' or consolidation strategy," Aeon Partner Brendan Rempel said. "We believe a large pool of prospective acquisitions exists offering substantial opportunity for an emerging growth private company on a path to public ownership. The 70+ population is expected to grow faster than any other age group … America's most senior demographic, age 85 and over, is anticipated to grow more than threefold … by 2050."
Senior Lifestyle Associates Inc. is a Delaware corporation established to engage in the acquisition and management of a broad spectrum of senior living facilities throughout the U.S.
23 Mechanic Street Red Bank, NJ 07701