Tag: Clayton
CD&R closes deal on Drive
January 4, 2017HME News Staff
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....
Drive taps into new investor
September 2, 2016Liz Beaulieu, Editor
PORT WASHINGTON, N.Y. - With a forthcoming “significant investment” from New York-based private equity firm Clayton, Dubilier & Rice, Drive DeVilbiss Healthcare is ready to double down on the HME industry, a company exec says.“Clearly, there is a lot of change in this industry, but it still presents tremendous opportunity for a company like ours,” Ed Link, chief marketing officer, told HME News.At closing, likely in the fourth quarter, CD&R will become a majority stockholder...