(Toronto, July 27, 2012) Westerkirk Captial ("Westerkirk") and Ironbridge Equity Partners ("Ironbridge") of Toronto are pleased to announce that they, together with management, have acquired Demers' Ambulance Manufacturer Inc. ("Demers Ambulances").
Demers Ambulances is the Canadian leader in ambulance design, manufacture and distribution and one of the largest firms in North American. Over the past 50 years, Demers Ambulances has sold more than 15,000 ambulances to customers in North America. With advanced products that consistently meet and exceed expectations of emergency services specialist around the world, Demers Ambulances is recognized as an innovator in ambulance engineering, introducing and perfecting details that keep paramedics and occupants safe while meeting today's global challenges.
"We are very pleased to partner with Westerkirk and Ironbridge," said Alain Brunelle, president and General Manager of Demers Ambulances. "They have demonstrated an understanding of our business, an appreciation for what makes it special, and have the capital and expertise to allow us to continue to grow and serve our customers."
Demers Ambulances is accredited ISO 9001:2008 and by Transport Canada and the USA DOT, by the National Truck Equipment Association (NTEA) in the USA within their "MEMBER VERIFICATION PROGRAM" and recognized as a "QUALIFIED VEHICLES MODIFIER" (QVM) by the Ford Motor Company and, approved up fitter for Mercedes Benz Sprinter Customer Assurance Program, Demers Ambulances meets the highest standards in the industry..
Westerkirk is a private investment firm in Toronto. Westerkirk aims to build and own great companies over the long-term. Their focus is to provide strong management teams, like the team at Demers Ambulances, with the capital and expertise to pursue growth opportunities which reflect their values and aspirations.
Ironbridge invests in Canadian middle-market businesses operating in a broad range of industries. The Ironbridge investment team has extensive financial and operating experience and works closely with the management teams to enhance value.