New York – November 13, 2018 – AEA Investors’ (“AEA” or the “Firm”) Middle Market Private Equity team announced today that its fund has closed the acquisition of Numotion (the “Company”). Numotion is a leading provider of Complex Rehabilitation Technology (“CRT”) mobility solutions in the U.S., offering power and manual wheelchairs and other related products and accessories to adults and children with permanent ambulatory disabilities.
Headquartered in Brentwood, Tennessee with more than 140 locations across the country, Numotion helps improve the lives of more than 250,000 people by providing the medical and functional tools they need to live more freely. The Company, which employs an industry-leading 350+ Assistive Technology Professionals and more than 2,700 employees, is led by a best-in-class management team and represents a unique opportunity to invest in the highly attractive CRT industry. As a leader in the CRT marketplace, Numotion plans to continue its growth strategy through acquisitions and new branch openings, as well as offering additional services to better support its customer base.
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 has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors (“Participants”) and/or join its portfolio company boards or act in other advisory roles. 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 business companies and mezzanine and senior debt investments. AEA Private Equity invests across three sectors: value added industrials, consumer, and services.
Numotion is the nation’s leading provider of 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, Tennessee, Numotion has more than 140 locations across the country and serves more than 250,000 people.
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