M&A Deal Summary

Heartland Equity Partners Acquires Spectrum Aeromed

On April 3, 2019, private equity firm Heartland Equity Partners acquired aerospace company Spectrum Aeromed

Acquisition Highlights
  • This is Heartland Equity Partners’ 1st transaction in the Aerospace sector.
  • This is Heartland Equity Partners’ 4th transaction in the United States.
  • This is Heartland Equity Partners’ 1st transaction in North Dakota.

M&A Deal Summary
Date 2019-04-03
Target Spectrum Aeromed
Sector Aerospace
Buyer(s) Heartland Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Spectrum Aeromed

Fargo, North Dakota, United States
Spectrum Aeromed designs and manufactures fixed and rotor wing air ambulance medical interiors for hospital programs, multi-mission charters, private operators, and military branches around the world. The Company also provides customized VIP emergency medical interior suites for executive and heads of state aircraft. Spectrum Aeromed is based in Fargo, North Dakota.

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Buyer(S) 1

Buyer

Heartland Equity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Agnostic
DESCRIPTION

Heartland Equity Partners is a private equity firm focused on lower middle-market opportunities in the upper Midwest US (Minnesota, Wisconsin, and Iowa). The Firm generally pursues profitable companies operating in defensible markets. The Firm's target revenue size is $5 to $30 million and prospective transaction situations include buyouts, recapitalizations, and divestitures. Sectors of interest include manufacturing, value-added distribution, and business services. Heartland Equity Partners is based in Brooklyn Center, Minnesota.

DEAL STATS #
Overall 4 of 5
Sector (Aerospace) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (North Dakota) 1 of 1
Country (United States) 4 of 5
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 Ajax Metal Forming Solutions

Minneapolis, Minnesota, United States

Ajax Metal Forming Solutions is a metal forming solutions provider for heavy equipment, durable goods, architectural/construction, and HVACR original equipment manufacturers. Ajax Metal Forming Solutions was established in 1982 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 ABM Equipment

Hopkins, Minnesota, United States

ABM Equipment supplies and services specialized truck mounted and other equipment for the utility, construction, municipal and refuse industries. ABM offers a diversified line of equipment solutions for its customers. ABM Equipment is based in Hopkins, Minnesota.

Buy -
Mergr

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