Audax Private Equity (“Audax”) and LLR Partners (“LLR”), in partnership with management, have completed the sale of Numotion (or the “Company”) to AEA Investors LP (“AEA”) and Numotion management.
Headquartered in Brentwood, TN, 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. Numotion serves over 250,000 customers across 140 locations and more than 2,500 employees. Known for its industry-leading customer service, Numotion provides a unique set of access, expertise, advocacy, and personalized care to help drive its mission of improving the lives of people with disabilities.
*Geoffrey S. Rehnert, *Co-Chief Executive Officer of Audax Group, said “We are proud to have supported Mike Swinford and the Numotion team in creating such a market-leading and mission-driven provider of Complex Rehab Technology. The Company has led the way with innovative product solutions and services, a national geographical footprint, and robust growth through organic initiatives and strategic acquisition. We wish continued success for Mike and his team as they enter the next stage of growth with their new partner.”
*Mike Swinford, *Chief Executive Officer of Numotion, said “We are grateful for the resources, support, and stewardship Audax and LLR have provided over the last 5 years in helping us transform Numotion into what it is today. We are well positioned to accelerate our growth trajectory and advance our mission of improving the lives of people with disabilities. We look forward to partnering with AEA to continue that work, and drive positive outcomes for our customers, the industry, our employees, and our shareholders.”
Terms of the transaction were not disclosed. Ropes & Gray, LLP served as legal advisor and Harris Williams served as financial advisors to Numotion. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisor to AEA.
ABOUT LLR PARTNERS
LLR Partners is a middle market private equity firm committed to creating long-term value by growing its portfolio companies. LLR invests in several industries, with a focus on technology, healthcare and services businesses. Founded in 1999 and with more than $3.5 billion raised across five funds, LLR is a flexible provider of capital for growth, recapitalizations and buyouts. For more information about LLR, please visit www.llrpartners.com.
ABOUT NUMOTION
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.
