Drive DeVilbiss Healthcare logo Kingswood Capital Management has announced that it 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 extensive network, industry expertise, and capital base to support Drive’s continued growth. The transaction is expected to close later this year, subject to customary legal and regulatory requirements.

Founded in 2000, Drive is a leading global manufacturer and supplier of essential medical products used primarily in the home setting.

Following the 2015 acquisition of DeVilbiss Healthcare, an innovator in respiratory care since 1888, the company expanded from wheelchairs, beds, rollators and other homecare products to include a full line of reliable respiratory products used in more than 100 countries.

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Drive, which is headquartered in Port Washington, New York, stated that it is committed to serving as a dependable and consultative partner in the process. It is looking forward to continuing its mission to deliver innovative healthcare solutions that enhance the quality of life of the people it touches.

Derek Lampert, CEO of Drive, commented, “We are incredibly excited about our new partnership with Kingswood and are confident this new chapter for Drive DeVilbiss will be the most exciting yet. Kingswood is fully aligned with the management team on the company’s future growth strategy.”

Michael Niegsch, Partner at Kingswood, added, “We have been impressed with the company’s tremendous growth and success in recent years and we look forward to partnering with Derek and the rest of the Drive DeVilbiss management team to support the next phase of the company’s expansion.”

“Drive is well positioned for continued growth as a result of strong market tailwinds, organic growth initiatives, and actionable M&A opportunities,” said Alex Wolf, Founder and Managing Partner of Kingswood.

“We’re looking forward to leveraging our deep operational network and expertise to support the company as it continues to grow and provide solutions to customers and patients around the world.”

J.P. Morgan is serving as exclusive financial advisor to Kingswood on the transaction and Kirkland & Ellis LLP is serving as legal counsel. UBS Investment Bank is serving as exclusive financial advisor to Drive and Debevoise & Plimpton LLP is serving as legal counsel to Drive and CD&R.

Sebastian Webster, Head of Retail at Drive UK commented: “Exciting times ahead for everyone at Drive DeVilbiss Healthcare as we enter a new chapter with Kingswood Capital Management.”

“This is a big moment in our journey — one that will bring us fresh energy, new opportunities, and the backing to keep pushing forward with the same passion that got us here.

“The best chapters are written by great teams, and I’m certain our next one will be our best yet!”

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https://www.newsbeep.com/uk/wp-content/uploads/2025/10/drive.jpghttps://thiis.co.uk/wp-content/uploads/2025/10/drive-150×150.jpg2025-10-16T21:48:40+01:00Liane McIvorMergers & AcquisitionsNewsroomTrade NewsUncategorisedacquire,definitive agreement,Drive DeVilbiss healthcare,healthcare,Kingswood Capital Management,MobilityKingswood Capital Management has announced that it 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 extensive network, industry expertise, and capital base to support…Liane McIvor