Heartland Equity Partners announced that it has partnered with the leadership team of Spectrum Aeromed to acquire the company, which headquarters out of Fargo, ND. The 28-year-old company designs and manufactures customized air ambulance equipment for fixed and rotary wing aircraft all over the world.

“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” said Chad Kost, Chief Operating Officer for Spectrum Aeromed. The investment sets the stage for further advancements in new product design and innovation, STC development, channel delivery and customer/supplier support, which creates exciting opportunities for our employees, customers and suppliers. All 24 employees in Fargo will stay with the company, as well as the two remote sales offices located in Knoxville, TN and Friedberg, Germany.


Spectrum Aeromed is a leading global designer and manufacturer of customized air ambulance equipment and solution provider for fixed and rotor wing aircraft. The company is qualified to produce specialized life support solutions for air, ground and marine support applications. Spectrum Aeromed holds more than 60 Supplemental Type Certificates (STCs) covering more than 400 models of aircraft. Spectrum Aeromed is headquartered in Fargo, ND with a 17,000-square-foot manufacturing facility. For more information, visit www.spectrum-aeromed.com.

Heartland Equity Partners was formed in 2014 to make majority investments in upper-Midwest companies with a focus on growth, good stewardship, and long-term retention. The fund is actively seeking additional investments. For more information, visit www.Heartland.fund. Contact: Tom Ahonen, 612-940-4427.