Clearspring-backed Demers-Braun buys Crestline Coach

Demers-Braun has acquired Crestline Coach Ltd, a Saskatoon-based maker of ambulances and specialized vehicles and distributor of small and medium-sized buses in Canada. No financial terms were disclosed. Demers-Braun, an ambulance manufacturer, said the deal broadens its service offering by bringing specialized vehicles into the portfolio. Demers-Braun was formed earlier in 2018 with the merger of Beloeil, Québec-based Demers Ambulances and Van Wert, Ohio-based Braun Industries Inc. The merger was led by Canadian private equity firm Clearspring Capital Partners alongside Caisse de dépôt et placement du Québec.

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