{"id":219295,"date":"2025-10-23T02:52:29","date_gmt":"2025-10-23T02:52:29","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/219295\/"},"modified":"2025-10-23T02:52:29","modified_gmt":"2025-10-23T02:52:29","slug":"kingswood-capital-management-finalises-deal-to-acquire-drive-devilbiss-healthcare","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/219295\/","title":{"rendered":"Kingswood Capital Management finalises deal to acquire Drive DeVilbiss Healthcare"},"content":{"rendered":"

\"DriveKingswood Capital Management has announced that it has signed a definitive agreement to acquire Drive DeVilbiss Healthcare from CD&R.<\/p>\n

Drive\u2019s 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\u2019s continued growth. The transaction is expected to close later this year, subject to customary legal and regulatory requirements.<\/p>\n

Founded in 2000, Drive is a leading global manufacturer and supplier of essential medical products used primarily in the home setting.<\/p>\n

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.<\/p>\n

Advertisement | Continue story below<\/a><\/p>\n

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.<\/p>\n

Derek Lampert, CEO of Drive, commented, \u201cWe 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\u2019s future growth strategy.\u201d<\/p>\n

Michael Niegsch, Partner at Kingswood, added, \u201cWe have been impressed with the company\u2019s 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\u2019s expansion.\u201d<\/p>\n

\u201cDrive is well positioned for continued growth as a result of strong market tailwinds, organic growth initiatives, and actionable M&A opportunities,\u201d said Alex Wolf, Founder and Managing Partner of Kingswood.<\/p>\n

\u201cWe\u2019re 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.\u201d<\/p>\n

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.<\/p>\n

Sebastian Webster, Head of Retail at Drive UK<\/a> commented: \u201cExciting times ahead for everyone at Drive DeVilbiss Healthcare as we enter a new chapter with Kingswood Capital Management.\u201d<\/p>\n

\u201cThis is a big moment in our journey \u2014 one that will bring us fresh energy, new opportunities, and the backing to keep pushing forward with the same passion that got us here.<\/p>\n

\u201cThe best chapters are written by great teams, and I\u2019m certain our next one will be our best yet!\u201d<\/p>\n

To stay up-to-date with news in the mobility industry sign up for regular updates here<\/a>.<\/p>\n

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\t\thttps:\/\/thiis.co.uk\/kingswood-capital-management-finalises-deal-to-acquire-drive-devilbiss-healthcare\/<\/a>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.<\/p>\n

Drive\u2019s 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 McIvorLiane
\nMcIvorliane@thiis.co.ukEditorTHIIS Magazine\"News,<\/p>\n","protected":false},"excerpt":{"rendered":"Kingswood Capital Management has announced that it has signed a definitive agreement to acquire Drive DeVilbiss Healthcare from…\n","protected":false},"author":2,"featured_media":219296,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[33722,93757,93758,102,2960,93759,822,56,54,55],"class_list":["post-219295","post","type-post","status-publish","format-standard","has-post-thumbnail","category-healthcare","tag-acquire","tag-definitive-agreement","tag-drive-devilbiss-healthcare","tag-health","tag-healthcare","tag-kingswood-capital-management","tag-mobility","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/219295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=219295"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/219295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/219296"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=219295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=219295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=219295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}