REVA Air Ambulance, a Portfolio Company of The Beekman Group, Completes Acquisition of American Care Air AmbulanceNovember 18 - 2013
Acquisition expands coverage and strengthens REVA’s presence in the Western U.S.
FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–REVA Air Ambulance (“REVA”), the largest dedicated fixed-wing air ambulance service provider in the Americas, has completed the acquisition of American Care Air Ambulance and its affiliates (“American Care”). American Care is a dedicated fixed wing air ambulance provider with operations in San Diego, CA and Spokane, WA.
The American Care transaction continues REVA’s geographic expansion and further strengthens REVA’s presence and coverage of the Western U.S. and Asia. American Care has a 19+ year operating history and a strong reputation with its loyal client base. As a result of the American Care transaction, REVA now operates a fleet of more than 10 aircraft at 5 strategically positioned bases, with continued growth expected in new planes and markets. American Care founder Milan Floribus will continue as a valuable member of the REVA team and the American Care operations will benefit greatly from the increased scale and capabilities of the combined company.
“We are excited to have Milan and the American Care team join the REVA family and to expand REVA’s presence in a key region. This combination will allow us to better serve our existing clients and we look forward to working with new clients through our partnership with American Care,” said Stuart Hayman, CEO of REVA. Milan Floribus added, “REVA was the right partner for us given their extraordinary professionalism, dedication to patient safety and impressive global alliances and capabilities.” Mr. Hayman added that REVA remains interested in acquiring or partnering with additional fixed wing air ambulance providers.
Based in Fort Lauderdale, FL, REVA is the largest dedicated fixed wing air ambulance services provider in the Americas. REVA provides responsive, safe and reliable air transportation and quality medical care through its company owned and operated fleet of aircraft, experienced pilots and world-class medical staff. The company is a leader in the challenging international transport segment executing trips throughout North America, South America, Europe and Asia. For more information, please visit http://www.flyreva.com/.
About The Beekman Group
The Beekman Group (“Beekman”) is a leading private equity firm dedicated to bringing financial and operational resources to build lower middle-market companies. Beekman’s team consists of experienced private equity professionals, as well as a select group of Industry Operating Partners who are leading executives in the healthcare services, consumer and business services industries. This Industry Partner approach to investing is the cornerstone of Beekman’s investment strategy — creating value through accelerating growth in partnership with our management teams. For more information please visit http://www.thebeekmangroup.com.
Dawn Cerbone, 954-730-9300
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