Kingswood Capital Management Acquires Drive DeVilbiss Healthcare
Kingswood Capital Management has signed a definitive agreement to acquire Drive DeVilbiss Healthcare from CD&R.
Drive's existing management team will continue to lead the company, ensuring continuity in customer relationships and strategic execution.
Kingswood will leverage its network, expertise, and capital to support Drive's growth.
The transaction is expected to close later this year, subject to legal and regulatory requirements.
Founded in 2000, Drive is a leading global manufacturer of medical products for home use.
No direct quotes available in the text.
Author's summary: Kingswood acquires Drive DeVilbiss Healthcare.
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