November 13, 2018
Numotion announced its acquisition by an affiliate of AEA Investors LP. AEA acquired controlling interest in Numotion from LLR Partners and Audax Group. LLR Partners has reinvested in Numotion as a minority shareholder. The private equity firms are partnering with Numotion’s existing management team to help fund the company’s continuing growth initiatives. Harris Williams & Co. served as financial advisor to Numotion. Terms of the transaction were not disclosed.
“We’re excited to partner with AEA as we enter into this next chapter of our growth,” said Mike Swinford, CEO, Numotion. “AEA’s resources and expertise will help us to further invest, so we can continue in our pursuit of providing the best possible services to our customers. The AEA team is extremely passionate about our purpose which made them the perfect sponsor as we continue our mission of improving the lives of people with disabilities.”
Louie Sharpe, partner, AEA Investors said, “Numotion is the recognized leader in the CRT market with an established, world class leadership team and strong market presence across more than 140 locations in the U.S. We are excited to work with this team to continue to grow Numotion and identify opportunities to better serve its customer base.”
“Numotion’s leadership team has tremendous passion and commitment to helping its customers,” said Howard Ross, partner, LLR Partners. “We share their enthusiasm and look forward to supporting Numotion’s continued growth and expansion into new markets.”
Numotion is the nation’s leading provider of Complex Rehab Technology (CRT), improving the lives of people with disabilities by enabling them to actively participate in everyday life. CRT is medically necessary, individually configured mobility products and services, including manual and power wheelchairs, designed to meet the unique medical and functional needs of individuals with significant disabilities and medical conditions to provide them with greater independence. Based in Brentwood, Tenn., Numotion has more than 140 locations across the country and serves more than 250,000 people. For more information, please visit www.numotion.com.