Clearspring leads merger of Demers Ambulances with Braun
Demers Ambulances has merged with Braun Industries Inc, a Van Wert, Ohio-based designer and maker of custom ambulances for U.S. customers. No financial terms were released. Beloeil, Québec-based Demers said the merger creates North America's second-largest ambulance maker and will advance innovation and global growth. Demers CEO Alain Brunelle will lead the combined entity. Canadian private equity firm Clearspring Capital Partners led the deal alongside Caisse de dépôt et placement du Québec. Clearspring and the Caisse acquired Demers from Ironbridge Equity Partners in 2016.
12 February 2018•4 mins read
