"Our new organization will be able to expand product lines, extend service offerings, and share best business practices." - Michael Spencer, President of DRE
Louisville, Ky. (PRWEB) November 03, 2015
DRE, Inc. (“DRE”), a leading worldwide provider of new and refurbished medical equipment, has announced its acquisition by Jordan Industries International, LLC (“JII”).
DRE will utilize strategic support from JII to enter into new markets while building on its core business of supplying affordable, dependable medical equipment. Founding partners Michael Spencer and Dr. Charles Vittitow will continue in their roles for developing the business.
“This is very exciting for our customers and our team,” said Michael Spencer, President of DRE. “Becoming part of JII provides the resources and capital needed for growth while at the same time supporting the brand and dedicated people that define who we are.
“The timing of JII is perfect. 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.”
DRE provides JII a platform for pursuing acquisitions and will be part of a family of companies in its strategic build-up in the medical equipment market. JII also recently acquired Global Medical Imaging (“GMI”), a leading provider of diagnostic ultrasound systems, nuclear cameras, and maintenance and repair services. JII 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.
Headquartered in Louisville, Ky., since 1984, DRE has worked to be a single supplier for all major operating room equipment and surgical equipment. Inc. Magazine named DRE to its annual list of the nation’s fastest-growing companies for three consecutive years.
Headquartered in Chicago, JII is a diversified private investment company that acquires businesses such as DRE to foster their growth and create long-term value. Founded in 1988, JII has acquired more than 100 companies and established a track record of teaming up with growth-oriented organizations and their management teams to build industry-leading companies.