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28-Jan-2019

Bound Tree Medical to Acquire Southeastern Emergency Equipment, Inc.

DUBLIN, Ohio, Jan. 28, 2019 /PRNewswire/ -- Bound Tree Medical, LLC, announced today that the company has signed a definitive agreement to acquire Southeastern Emergency Equipment, Inc. from its founder and CEO, Donald Pleasants. Southeastern Specialty Vehicles (SSV) and EMS American LLC, both sister companies to Southeastern Emergency Equipment, are not included in this agreement.

Bound Tree Medical will assume full operation of the Southeastern Emergency Equipment business under the Bound Tree brand name. The businesses will be fully integrated and Bound Tree will begin servicing Southeastern customers starting February 25, 2019.

Southeastern Emergency Equipment, also known as SEEquip, has been a leader in the industry for over 40 years serving the pre-hospital market with a dedication and a commitment to serving those who save lives. "Their values-oriented culture is very much like our own with respect to serving customers, partnering with vendors and caring for employees," said Brian LaDuke, President Emergency Preparedness, a division of Sarnova, Bound Tree's parent company. "We have enormous respect for them as a competitor, and now we are excited to have them become part of the Bound Tree organization," he added.

"Fit is everything," exclaimed Southeastern Emergency Equipment's Donald Pleasants. "Bound Tree and Southeastern share the same core values and passion to do what's right for our customers and our employees - both short-term and long-term. I am glad to have Bound Tree as a partner to carry on our dedication and commitment to the EMS profession we hold so dear in our hearts."

Bound Tree Medical and Southeastern Emergency Equipment will work together to ensure customers continue to get the products and services they have come to trust and expect. "We are excited to have Southeastern Emergency Equipment join forces with Bound Tree to serve more fire and EMS customers. With the strength of both companies under one brand, our sales and customer care teams will be able to help even more EMS customers save minutes and save lives," Tim Rubert, Vice President of Bound Tree Sales, remarked.

Patricia Industries, a part of Investor AB, and owner of Sarnova and its companies, is committed to helping Bound Tree Medical reach its full potential. "By investing in best in class companies with shared values, we believe in building sustainable growth for our companies, their partners and customers," said Yuriy Prilutskiy, Managing Director of Patricia Industries.

Further communications regarding the transition are forthcoming.

About Sarnova and Bound Tree Medical
Sarnova is the leading national specialty distributor of healthcare products in the emergency medical services (EMS) and acute care markets. The company is comprised of four major business units: Bound Tree Medical, Cardio Partners, Emergency Medical Products and Tri-anim Health Services. Bound Tree Medical is a leading, nationwide distributor of emergency medical equipment, supplies and pharmaceuticals to EMS, fire and other first responders. For more information, visit www.sarnova.com.

About Investor AB
Investor, founded by the Wallenberg family a hundred years ago, is the leading owner of high quality Nordic-based international companies. Through board participation, our industrial experience, network and financial strength, we strive to make our companies best-in-class. Our holdings include, among others, ABB, Atlas Copco, Ericsson, Mölnlycke and SEB. For more information, visit www.investorab.com.

About Southeastern Emergency Equipment
Southeastern Emergency Equipment, also known as SEEquip, is a regional specialty distributor of medical supplies, training and education solutions serving EMS and Fire. Southeastern was founded more than four decades ago on the core values of trust, respect, accountability and commitment. For more information, visit www.seequip.com.

Sarnova Media Contact:
Beth Scott, Director of Marketing Communications
Phone (614) 760-5000
beth.scott@sarnova.com 

Investor AB Media Contact:
Viveka Hirdman-Ryrberg, Head of Corporate Communication and Sustainability
Phone +46 70 550 3500
Viveka.hirdman-ryrberg@investorab.com

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Last Updated: 28-Jan-2019