Generational Capital Markets, Inc., a leading mergers and acquisitions advisor for privately held businesses and Member FINRA/SIPC, is pleased to announce the sale of its client, Public Safety Services, Inc., to Paramedic Services of Illinois, Inc. The acquisition closed March 30, 2018.

Public Safety Services, headquartered in Rosemont, Illinois, is an emergency medical services (EMS) municipal contractor with a specialty in providing licensed paramedics, EMTs and firefighters to municipal fire departments, fire protection districts and hospitals within the greater Chicagoland area.

Paramedic Services of Illinois, based in Schiller Park, is a pioneer of contractual paramedic services and specializes in municipal and fire protection district contracts. PSI has developed a distinguished reputation in the EMS industry.

In addition to EMS personnel and firefighters, the company provides critical care transportation and ambulance billing services.

Generational Capital Markets Managing Director, Phil Pizzurro, was the lead dealmaker on this transaction with support from VP, Mark Galovic.

“It was very apparent from the first meeting between the two companies that this was the right partnership,” said Pizzurro. “The personality, strategic, and cultural fit were so strong; it’s rare to see such synergy, and we are excited to witness the future growth of the combined companies.”

Generational Group has been supporting the successful completion of M&A transactions in the healthcare industry. Our experienced team’s understanding of the intricate dynamics of these transactions is key to navigating these deals to completion.