DRE, a provider of new and refurbished medical equipment based in Louisville, Ky, has been acquired by Jordan Industries International, a private investment company with headquarters in Chicago. Jordan Industries also recently purchased GMI, a diagnostic ultrasound and nuclear medicine equipment parts, service, and repair provider based in Charlotte, NC.
Under the latest deal, Jordan Industries will provide capital to allow DRE to enter new markets while supporting its core medical equipment supply business. The approach is similar to that being pursued with GMI. According to the announcement, the investment firm “is pursuing additional platform acquisitions in the broader medical equipment market to further augment the growth of DRE and GMI and provide cross-selling opportunities among the group of companies.”
“The timing of JII is perfect,” said Michael Spencer, president of DRE. “We are now aligning key companies from our industry to better serve a broad range of customers. Our new organization will be able to expand product lines, extend service offerings, and share best business practices.”
For more information, visit the DRE website.
