M&A Deal Summary

Savaria Acquires Span-America Medical Systems

On May 1, 2017, Savaria acquired manufacturer Span-America Medical Systems for 80M USD

Acquisition Highlights
  • This is Savaria’s 1st transaction in the Manufacturing sector.
  • This is Savaria’s 2nd largest (disclosed) transaction.
  • This is Savaria’s 2nd transaction in the United States.
  • This is Savaria’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2017-05-01
Target Span-America Medical Systems
Sector Manufacturing
Buyer(s) Savaria
Deal Type Add-on Acquisition
Deal Value 80M USD

Target

Span-America Medical Systems

Greenville, South Carolina, United States
Span-America Medical Systems, Inc. is a manufacturer and marketer of therapeutic support surfaces and pressure management products for the medical market. Span-America Medical Systems, Inc. was founded in 1970 and based in Greenville, South Carolina.

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Buyer(S) 1

Buyer

Savaria

Laval, Quebec, Canada
Category Company
Founded 1979
Sector Machinery
Employees1,400
Revenue 374M CAD (2019)
DESCRIPTION

Savaria Corp. is a designer, manufacturer, distributor and installs primarily elevators for home and commercial use, as well as stairlifts and vertical and inclined platform lifts. Savaria has built thousands of lifts and elevators used around the world to help improve access for wheelchair users and other mobility challenged people in the home and in public spaces. Savaria was founded in 1979 and is based in Laval, Canada.

DEAL STATS #
Overall 6 of 9
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 5 of 7
State (South Carolina) 1 of 1
Country (United States) 2 of 4
Year (2017) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Premier Lifts

Timonium, Maryland, United States

Premier Lifts, Inc. is a provider in the design, installation and service of residential elevators, stairway chairs, dumbwaiters and wheelchair lifts.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-12 H.E.S. Elevator Services

Denver, Colorado, United States

H.E.S. Elevator Services, Inc. sells, installs and services a full range of elevator and lift products within the State of Colorado. The company provides both the residential and commercial market and has a great base of existing custom home builders and general contractors that utilise its services on a routine basis. H.E.S. Elevator Services is based in Denver, Colorado.

Buy $1M
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