Air Methods Corporation (Air Methods), a global leader in air medical transportation and air tourism, and American Securities LLC (American Securities), a leading U.S. private equity firm, have announced the closing of American Securities’ acquisition of Air Methods.
Air Methods is the largest domestic air medical transport provider in the $5 billion air medical market, serving 48 states with over 300 bases of operations. The company also operates a leading air tourism business, and is a proud employer of more than 5,000 team members, including over 1,000 retired and active duty military veterans.
“As a private company, Air Methods will have greater flexibility to execute our strategy and pursue long-term growth,” said Aaron Todd, chief executive officer. “We look forward to partnering with American Securities to strengthen our market position in air medical transportation and air tourism.”
Air Methods has one of the youngest fleets in the industry, which includes its airborne ICUs dedicated to emergency air medical services. In 2016, Air Methods provided lifesaving care to more than 70,000 patients.
“We have strong admiration for the men and women at Air Methods and their commitment to providing critical access to care for patients and communities served,” said Marc Saiontz, a managing director of American Securities. “The Air Methods team has a paramount focus on clinical care and aviation safety, and on providing hospitals and local communities with the highest quality air ambulance services available. We are excited to assist the company in this critical mission.”
Goldman, Sachs & Co. and Centerview Partners LLC served as financial advisors, and Paul, Weiss, Rifkind, Wharton & Garrison LLP and Holland & Hart LLP served as legal advisors to Air Methods. Barclays served as financial advisor, and Weil, Gotshal & Manges LLP served as legal advisor to American Securities.
