Furthermore,
Ambulances manufacturer demers passes hands:
An icon of the Quebec manufacturing industry passes to the hands of American interests.
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The Quebec company Demers Braun Crestline Medix (DBCM). Furthermore, one of the largest ambulance manufacturers in North America, is sold at the American conglomerate JB Poindexter & Co.
The amount of the transaction has not been disclosed.
This acquisition marks a major turning point for the group established in Belœil. Additionally, Furthermore, which employs more than 1,500 people in Canada and the United States.
The head office of the Demers-Braun-Crestline-Medix group in Beloeil DBCD group photo
JB Poindexter, which is based in Houston, Texas, is an important player in the commercial and specialized vehicle sector. Similarly, With this transaction, its annual income will now reach US $ 3 billion.
Over 70,000 ambulances
Founded in 1960, Demers Ambulances brings together four brands: Demers, Braun, Crestline and Medix. Nevertheless, Together, they have delivered more than 70,000 ambulances in 40 countries. Similarly, The company launched its 11e generation of ambulance platforms this year.
According to Alain Brunelle, CEO of DBCM, this partnership will allow the company to take a new stage. Meanwhile,
“Joining JB Poindexter is a major step for our team,” he said. This provides us with increased support. will allow us to go even further in our mission ambulances manufacturer demers passes hands to improve lives, a vehicle at a time. ”
The acquisition will not upset the operations of DBCM. which will continue to operate with a certain autonomy of brands, while taking advantage of shared resources and the North American network of JB Poindexter.
There will also be no impact on Belœil jobs, assures the CEO.
“If there is one, he will be positive, because they [J.B. Poindexter] Take growth, ”he replied on the phone.
Recall that last year, the Legault government had paid a subsidy of $ 2.1 million to Demers to help the company deploy electrical ambulances, which had been designed with the participation of electric lion.
Alain Brunelle, PDG du Groupe Demers-Braun-Crestline-Medix Photo Groupe DBCM
Another flag that leaves
The deposit fund had a minority participation in Demers Ambulances. According to its 2023 annual report, the value of this investment was between $ 30 and 50 million.
In November 2016. the Caisse joined the Toronto Firm Clearspring Capital Partners and the managers of Demers Ambulances in a transaction which aimed to consolidate the company and support its international growth.
Since then, the fund has maintained its support, Participating in strategic acquisitions (Braun, Crestline, Medix) and in subsequent financing rounds.
This is another Quebec company that ends in the hands of American owners. The cases of Héroux-Devtek, Logistec and Notarius recently made the headlines, just like, of course, Rona.
And in 2023, the American group Oshkosh had got hold of the Quebec manufacturer of ambulances manufacturer demers passes hands maxi-metal fire trucks.
Ambulances manufacturer demers passes hands
The company has just celebrated its 65th anniversary
Recall that it was in Beloeil. in 1960, that the adventure of Demers Ambulances began. Paul Demers. then an entrepreneur in the manufacture of hears under the Paul Demers & Fils brand, decides to redirect his activities to medical transport vehicles, surrounded by several members of his family – some of whom are still part of the team today.
Demers Ambulances and Braun Industries, from Ohio, merged in 2018, thus creating the second largest organization of ambulances in North America. The Canadian Crestline Coach. a world leader in the manufacturing of ambulances and specialized vehicles, as well as a Canadian distributor of small and medium -sized commercial bus, joined the Demers family in early fall 2018.
Then. in 2021, Demers concluded the acquisition of the MEDIX SPECIALTY VEHICLE AMBULANCE manufacturer, established in Indiana, in the ambulances manufacturer demers passes hands United States, continuing its aggressive expansion strategy. After these acquisitions, it is now the turn of Demers Ambulances to be bought.
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