M&A Deal Summary

Kingswood Capital Management Acquires Drive DeVilbiss Healthcare

On October 16, 2025, private equity firm Kingswood Capital Management acquired medical products company Drive DeVilbiss Healthcare from CD&R

Acquisition Highlights
  • This is Kingswood Capital Management’s 1st transaction in the Medical Products sector.
  • This is Kingswood Capital Management’s 18th transaction in the United States.
  • This is Kingswood Capital Management’s 2nd transaction in New York.

M&A Deal Summary

Date 2025-10-16
Target Drive DeVilbiss Healthcare
Sector Medical Products
Buyer(s) Kingswood Capital Management
Sellers(s) CD&R
Deal Type Secondary Buyout

Target

Drive DeVilbiss Healthcare

Port Washington, New York, United States
Drive DeVilbiss Healthcare manufactures a complete line of medical products, including mobility products, sleep and respiratory products, beds, bariatric products, wheelchairs, sleep surfaces and pressure prevention products, self-assist products, power operated wheelchairs, rehabilitation products, patient room equipment, personal care products and electrotherapy devices. Drive DeVilbiss Healthcare was founded in 2000 and is based in Port Washington, New York.

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Buyer(S) 1

DESCRIPTION

Kingswood Capital Management is an operationally focused private equity firm focused on complex situations throughout North America. The Firm targets control positions in middle-market companies with revenues of $100 to $500 million. Sectors of interest include business services, consumer, retail, energy, industrials, technology, media, communications, and value-added distribution. Kingswood Capital Management was established in 2013 and is based in Los Angeles, California.


DEAL STATS #
Overall 21 of 22
Sector: Medical Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
State: New York M&A 2 of 2
Country: United States M&A 18 of 19
Year: 2025 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-20 Vitamin Shoppe

Secaucus, New Jersey, United States

Vitamin Shoppe is a specialty retailer and direct marketer of vitamins, minerals, and nutritional supplements, offering a broad line of products at discounts to list prices. Vitamin Shoppe was founded in 1977 and is based in Secaucus, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-02 Daramic

Charlotte, North Carolina, United States

Daramic is a manufacturer and supplier of battery separators mainly polyethylene (PE) and phenolic resin separators for lead-acid batteries used in automotive, industrial and specialty battery applications. The Firm supports global battery manufacturing through a network of manufacturing plants and technical centers across North America, Europe, and Asia, including a production facility and R&D presence in India. Daramic was originally established in 1930 and is headquartered in Charlotte, North Carolina

Buy -

Seller(S) 1

SELLER

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.


DEAL STATS #
Overall 48 of 48
Sector: Medical Products M&A 3 of 3
Type: Secondary Buyout M&A Deals 7 of 7
State: New York M&A 1 of 1
Country: United States M&A 38 of 38
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-20 Foundation Building Materials

Santa Ana, California, United States

Foundation Building Materials is a specialty building products distributor of gypsum wallboard, suspended ceiling systems, metal framing, insulation, and complementary products throughout North America. Foundation Building Materials was founded in 2011 and is based in Santa Ana, California.

Sell $8.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-17 Sealed Air

Charlotte, North Carolina, United States

Sealed Air is a provider of food safety and security, facility hygiene and product protection. Sealed Air serves an array of end markets including food and beverage processing, food service, retail, healthcare and industrial, and commercial and consumer applications. Sealed Air was formed in 1960 and is based in Charlotte, North Carolina.

Buy $10.3B