CD&R closes deal on Drive

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Wednesday, January 4, 2017

NEW YORK – Clayton, Dubilier & Rice has completed its equity investment in Drive DeVilbiss Healthcare, it announced Jan. 4. The deal allows Drive to continue its organic growth strategy, as well as provide the company with additional capital for future acquisitions. Drive has made 25 acquisitions since 2002, including the 2015 acquisition of DeVilbiss Healthcare. The deal was first announced in September. CD&R replaces Ferrer Freeman & Co., which has been a minority stockholder of Drive since 2008. Terms of the deal were not disclosed.