Numotion's COVID-19 Response: What you Need to Know

Brentwood, Tenn. (Nov. 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.”
 
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.
 
About AEA Investors
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA’s active individual investors (the “Participants”) include an extraordinary network of more than 75 highly successful business executives, industrial families, and former government leaders. Today, AEA’s approximately 70 investment professionals operate globally with offices in New York, Connecticut, London, Munich, and Shanghai. The firm manages funds that have approximately $11 billion of invested and committed capital, including the leveraged buyouts of middle market companies and small businesses and mezzanine and senior debt investing. AEA Private Equity invests across four sectors: value added industrial products, specialty chemicals, consumer products / retail and services. For further information about AEA, please visit http://www.AEAInvestors.com.
 
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.