Announced

Completed

AEA investors completed the acquisition of Numotion from Audax and LLR.

Synopsis

AEA investors completed its acquisition of Numotion, which provides mobility solutions for individuals with complex medical mobility limitations, from Audax and LLR, two private equity firms. Financial terms were not disclosed. 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. “We’re excited to partner with AEA as we enter into this next chapter of our growth. 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.” Mike Swinford, Numotion CEO.

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