Clearspring Capital, CDPQ invest in Ironbridge's Demers Ambulances
Canadian private equity firm Clearspring Capital Partners has made an investment in Demers Ambulances, a Beloeil, Québec-based designer, maker and distributor of ambulances in North America. No financial terms were disclosed for the deal, which was done in partnership with Caisse de dépôt et placement du Québec and members of Demers' management team. The company was previously majority owned by Ironbridge Equity Partners, which invested in 2012. Clearspring Managing Partner Lawrence Stevenson said the investment will support Demers' continued growth at home and abroad. Earlier this year, Clearspring closed its third mid-market fund at $260 million.
22 November 2016•3 mins read
