Court Square Capital Partners (Court Square), owner of National Seating & Mobility (NSM) since 2016, has reached an agreement to sell the company to Cinven, an international private equity firm. The transaction completion is expected within 45 days.
“This acquisition aligns with our company’s continued trajectory of growth, future business goals and, most importantly, our mission,” says Bill Mixon, NSM CEO, in a media release from Franklin, Tenn-based NSM, a provider of complex rehabilitation, mobility and accessibility solutions in the US and Canada.
“Our partnership with Court Square these past three years has led to outstanding growth and significant technological and operational advancements. We look forward to exploring a future of possibilities for those we serve with Cinven and their team of global healthcare investment experts.”
Cinven has nine international offices – including New York in the United States – and invests in key sectors including Business Services, Consumer, Financial Services, Healthcare, Industrials, Technology, Media and Telecommunications.
“This is an attractive opportunity for Cinven to invest in NSM, a leading player in the Complex Rehab Technology market in North America,” states Alex Leslie, Partner at Cinven, the release continues.
“NSM operates in an industry we have been evaluating deeply for several years through our work in the Healthcare sector team in both Europe and the US.”
John Richardson, Senior Principal at Cinven adds, “We are looking forward to partnering with NSM’s highly experienced management team to accelerate the company’s growth, both organically and through strategic acquisitions. Cinven will invest significantly in the business to ensure that NSM remains at the forefront of providing best-in-class complex mobility solutions.”
[Source(s): National Seating & Mobility, Business Wire]