PROVIDENCE, R.I. – Nautic Partners, LLC announced that it has partnered with management to acquire Vantage Mobility International. VMI is a leading manufacturer of wheelchair accessible vehicles which it sells at mobility dealers across the United States and Canada.
“In Nautic, we have found an ideal partner to support VMI’s continued growth,” said Doug Eaton, CEO of VMI. “Nautic offers a compelling combination of manufacturing, healthcare and financial experience to help VMI bring its life-changing products to even more disabled individuals and their families”.
Doug Hill, Managing Director of Nautic commented, “VMI is an excellent fit with Nautic’s strategy of investing in market leading niche manufacturing businesses with strong competitive positions and excellent management teams. We look forward to helping VMI increase the awareness of its compelling and differentiated products, and to support the Company as it continues to bring new offerings to market.”
Kayne Anderson, Triangle Capital, Goldman Sachs, City National Bank, and Amalgamated Bank provided financing for the transaction, and Ally Financial provided a new floorplan facility to support VMI’s chassis acquisitions. Lincoln International acted as financial advisor to the Company.