American Securities completes Air Methods acquisition

Private equity firm American Securities LLC announced the closing of its acquisition of air medical transportation and air tourism provider Air Methods Corporation on 21 April.

Air Methods CEO Aaron Todd said: “As a private company, Air Methods will have greater flexibility to execute our strategy and pursue long-term growth. We look forward to partnering with American Securities to strengthen our market position in air medical transportation and air tourism.”

Marc Saiontz, a managing director of American Securities, said: “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. 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.”

Air Methods is now a wholly-owned subsidiary of ASP AMC Intermediate Holdings, Inc., an indirect wholly-owned subsidiary of affiliated funds managed by American Securities. Air Methods’ common stock will no longer trade on the NASDAQ Stock Market.