Evergreen Pacific Partners has sold Vantage Mobility to Nautic Partners
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Evergreen Pacific Partners (“EPP”) has sold Vantage Mobility International, LLC (“VMI” or the “Company”) to Nautic Partners, LLC. The terms of the transaction were not disclosed.
Headquartered in Phoenix, Arizona, VMI is a leading manufacturer of wheelchair-accessible vehicles (“WAVs”) which it sells at mobility dealers across the United States and Canada. VMI employs experienced engineering, marketing, manufacturing and sales staff to produce converted vehicles with lowered floors, increased headroom and deployable ramps that allow for comfortable use of the vehicle by a disabled driver or passenger. The Company offers conversions on the market-leading Toyota Sienna, Honda Odyssey, Dodge Caravan, Chrysler Town and Country and Chrysler Pacifica platforms. VMI’s vehicles are known as being the most technically innovative in the industry and for having maximum usable interior space on the respective platforms.
Demand for VMI’s products has been growing at an increasing rate, driven by awareness of the impact that VMI’s products have on the lives of people who would otherwise be confined to the home or relegated to less convenient transportation. Because VMI’s products meet the medical needs of groups such as children living with profound neuromuscular conditions, injured and disabled U.S. Military Veterans and older adults seeking to preserve their independence in the face of chronic illness, the Company’s business has remained robust in the face of broader economic cycles.
Tim Bernardez, Co-Founder and Managing Partner at EPP, commented, “Lincoln ran a very competitive, disciplined process, that when combined with their deep experience in the industrial technology and healthcare sectors, resulted in a highly successful outcome for the Company, its employees and its shareholders.”
Doug Eaton, CEO of VMI added, “The Lincoln team did an excellent job understanding VMI’s value proposition and conveying our growth story effectively. We really enjoyed partnering with them, and their process execution and key strategic advice was unparalleled.”
Lincoln acted as the exclusive investment banking representative for EPP and VMI, working closely with the Company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
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