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Blue Wolf buys majority stake in North American Rescue

Blue Wolf Capital Partners LLC has made an undisclosed investment in North American Rescue LLC. Renaissance Strategic Advisors and Holland & Knight advised Blue Wolf on the transaction. In addition to the investment, Michael Ranson, Vic Caruso and Aakash Patel of Blue Wolf have been appointed to Blue Wolf’s NAR’s board of directors. Based in Greenville, South Carolina, NAR is a provider of medical products for the military, law enforcement and EMS first responder markets.


New York –March 2, 2015 – Blue Wolf Capital Partners LLC (“Blue Wolf”), the New York-based private equity firm, today announced that, through an affiliate, it has acquired a majority stake in North American Rescue, LLC (“NAR” or “the Company”), a leading supplier of mission-critical tactical medical products, such as tourniquets, chest seals and decompression needles, to the military, law enforcement and EMS first responder markets.

NAR’s Chief Executive Officer, Bob Castellani, and other members of the NAR management team invested alongside Blue Wolf and will remain in their current positions. Michael Ranson, Vic Caruso and Aakash Patel of Blue Wolf will join the Company’s Board of Directors. Renaissance Strategic Advisors and Holland & Knight provided advisory services to Blue Wolf on this transaction. Additional terms of the transaction were not disclosed.

Mr. Ranson, Partner at Blue Wolf, commented, “We are excited to invest alongside Bob and management in NAR. Operating in a market that serves our country’s national interests, the Company has established itself as a leading player with a strong competitive position. NAR’s products are of the highest quality and are mission-critical in saving lives. We are eager to execute on the Company’s organic growth and acquisition opportunities.”

Mr. Castellani said, “Blue Wolf’s relationships within the defense and medical industry will create additional growth opportunities for NAR. Their track record of using strategic acquisitions to grow their portfolio companies will prove valuable as we seek to expand the Company’s product offering and better serve the unique requirements of our customers. We are excited that Blue Wolf shares our passion for customers and their missions and recognizes the sacrifices these customers make for our country every day.”

Adam Blumenthal, Managing Partner at Blue Wolf, added, “The NAR transaction touches on several areas of Blue Wolf’s investment focus. We have a long history of successfully partnering with existing management teams. In addition, we have a strong track record of investing in middle market defense and healthcare businesses, and we plan to deploy meaningful capital in those sectors in the future. We look forward to working with Bob and his team to build on the Company’s success.”

About North American Rescue
Founded in 1996, Greenville, SC-based North American Rescue, LLC is dedicated to decreasing “preventable deaths” on the battlefield and in first responder situations. The Company is focused on providing the most effective and highest quality mission-critical medical products to military, federal agency, civilian law enforcement, and EMS customers. NAR designs, develops and tests these products based on the military’s Tactical Combat Casualty Care (TCCC) guidelines, Rescue Human Factors® engineering, evidence-based medicine and an in-depth understanding of the requirements of its customers. As a premier provider of life-saving products, NAR has assembled a seasoned staff of former Special Operations medics, experienced Law Enforcement / SWAT / EMS healthcare providers, credentialed product development and quality professionals, former senior military medical officers and expert consultants. For additional information, please visit

About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC, a private equity firm founded in 2005, specializes in control investments in middle market companies. Leading by experience, and with a commitment to excellence, Blue Wolf helps transform companies strategically, operationally and collaboratively. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions and regulators to build value for all stakeholders. For additional information, please visit

(Correction: Michael Ranson, Vic Caruso and Aakash Patel of Blue Wolf have been appointed to NAR’s board of directors. The original version of this article incorrectly said they had joined Blue Wolf’s board.)