On 28 March, Heartland Equity Partners announced that it has partnered with the leadership team of Spectrum Aeromed to acquire the company.
Spectrum Aeromed headquarters out of Fargo, North Dakota, and has been operating for 28 years, designing and manufacturing customised air ambulance equipment for fixed- and rotary-wing aircraft all over the world. Heartland explained that the new investment will make further advancements in new product design and innovation possible, as well as STC development, channel delivery and customer/supplier support, which creates exciting opportunities for company employees, customers and suppliers.
Chad Kost, Chief Operating Officer for Spectrum Aeromed, said: “The entire team at Spectrum Aeromed is excited about Heartland’s investment in our company’s future. Our new partners at Heartland are focused on our growth and long-term success.”
The change will ensure that all 24 employees in Fargo stay with the company, as well as the two remote sales offices located in Knoxville, Tennessee and Friedberg, Germany.