M&A Deal Summary

REACH Air Medical Services Acquires Summit Air Ambulance

On May 19, 2015, REACH Air Medical Services acquired healthcare services company Summit Air Ambulance from Texas Next Capital

Acquisition Highlights
  • This is REACH Air Medical Services’ 1st transaction in the Healthcare Services sector.
  • This is REACH Air Medical Services’ 1st transaction in the United States.
  • This is REACH Air Medical Services’ 1st transaction in Idaho.

M&A Deal Summary
Date 2015-05-19
Target Summit Air Ambulance
Sector Healthcare Services
Buyer(s) REACH Air Medical Services
Sellers(s) Texas Next Capital
Deal Type Add-on Acquisition

Target

Summit Air Ambulance

Meridian, Idaho, United States
Summit Air Ambulance provides critically ill and injured patients with safe & rapid transport to life-improving trauma facilities & specialized medical care in rural & other underserved communities.

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Buyer(S) 1

Buyer

REACH Air Medical Services

Santa Rosa, California, United States
Category Company
Founded 1987
Sector Healthcare Services
DESCRIPTION

REACH Air Medical Services is a provider of emergency air medical transport services. REACH provides the highest quality patient care through 18 bases in California, Oregon and Texas utilizing a fleet of 29 rotor-wing and fixed-wing aircraft.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Idaho) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

Texas Next Capital

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Texas Next Capital is a private investment firm focused on investing in mature companies throughout the state of Texas. Texas Next looks to invest $3 to $20 million in lower middle-market businesses with up to $50 million in revenue. Industries of interest include business products/services, consumer products/services, healthcare, information technology, financial services, insurance, energy equipment and services, materials, and packaging. Texas Next will not invest in early stage venture capital, real estate, energy development or turnaround opportunities. Texas Next Capital is based in San Antonio, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Idaho) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-20 Enviro-Clean Services

Oklahoma, Oklahoma, United States

Enviro-Clean Services, Inc. is offering a full suite of environmental consulting and remediation services and products. Enviro-Clean Services was founded in 1975 and is based in Oklahoma City.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Capital Precast

San Marcos, Texas, United States

Capital Precast is a manufacturer of precast concrete underground utility products. Capital Precast's 80,000 square-foot manufacturing facility has been recognized by the National Precast Concrete Association as one of the top 25 out of 400+ precast concrete manufacturing plants in the U.S. for the past four years. Capital Precast consistently offers strong technical expertise, superior customer service, and best-in-class quality. Capital Precast was founded in 1997 and is based in San Marcos, Texas.

Buy -
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