M&A Deal Summary

Demers Ambulances Acquires Medix Specialty Vehicles

On April 13, 2021, Demers Ambulances acquired automotive company Medix Specialty Vehicles from LFM Capital

Acquisition Highlights
  • This is Demers Ambulances’ 1st transaction in the Automotive sector.
  • This is Demers Ambulances’ 1st transaction in the United States.
  • This is Demers Ambulances’ 1st transaction in Indiana.

M&A Deal Summary
Date 2021-04-13
Target Medix Specialty Vehicles
Sector Automotive
Buyer(s) Demers Ambulances
Sellers(s) LFM Capital
Deal Type Add-on Acquisition

Target

Medix Specialty Vehicles

Elkhart, Indiana, United States
Medix Specialty Vehicles engages in the manufacturing of Type I, Type II, and Type III ambulances serving both the private and fire service side of the industry. Medix Specialty Vehicles was formed in 2001 and is based in Elkhart, Indiana.

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Buyer(S) 1

Buyer

Demers Ambulances

Beloeil, Quebec, Canada
Category Company
Founded 1960
Sector Automotive
DESCRIPTION

Demers Ambulances is the second largest ambulance manufacturer in North America. Demers Ambulances is accredited by Transport Canada and is recognized as a "Qualified Vehicles Modification" (QVM) by Ford, holds the US National Truck Equipment Association (NTEA) Member Verification Program (MVP) certification, and holds the BNQ1013 certification from the Bureau de Normalization du Québec (BNQ). Demers Ambulances was founded in 1960 and is based in Beloeil, Quebec.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

LFM Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 110M USD
Size Small
Type Sector Agnostic
DESCRIPTION

LFM Capital is a private equity investor focused on acquiring North American manufacturing and industrial services businesses. The Firm looks to invest in lower middle-market companies generating sales of $10 to $150 million and EBITDA between $3 and $15 million. LFM Capital was founded in 2014 and headquartered in Nashville, Tennessee.

DEAL STATS #
Overall 2 of 7
Sector (Automotive) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Indiana) 1 of 1
Country (United States) 2 of 7
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 SureKap

Winder, Georgia, United States

SureKap is a manufacturer of packaging machinery used in a variety of industries, including food & beverage, pharmaceuticals, nutraceuticals, and cosmetics. The company's product offering includes cappers, conveyors, tables, and fillers, and offers parts & service to its customers. SureKap was formed in 1987 and is based in Winder, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 Rainier

Tukwila, Washington, United States

Rainier is a manufacturer of residential and commercial shade, shelter, and display solutions, including power screens, retractable awnings, commercial tents, retail displays, and branded environments, that are sold through a nationwide dealer network. Rainier was founded in 1896 and is based in Tukwila, Washington.

Buy -
Mergr

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