Cinven has agreed to acquire Tennessee-based National Seating & Mobility from Court Square Capital Partners. No financial terms were disclosed. NSM is a provider of complex rehabilitation, mobility and accessibility solutions in the U.S. and Canada. Founded in 1992, NSM has been owned by Court Square since 2016.
NASHVILLE, Tenn.–(BUSINESS WIRE)–National Seating & Mobility (NSM), the leading provider of complex rehabilitation, mobility and accessibility solutions in the U.S. and Canada, is pleased to announce that owner, Court Square Capital Partners (Court Square), has reached an agreement to sell the company to international private equity firm, Cinven. The completion of the transaction is expected within forty-five days.
“This acquisition aligns with our company’s continued trajectory of growth, future business goals and, most importantly, our mission,” said Bill Mixon, NSM CEO. “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.”
With nine international offices – including New York in the United States, Cinven is a leading international private equity firm focused on building world-class European and global companies with investments in key sectors including Business Services, Consumer, Financial Services, Healthcare, Industrials, Technology, Media and Telecommunications. The firm has a reputable record over more than 40 years of acquiring and growing emerging companies.
“This is an attractive opportunity for Cinven to invest in NSM, a leading player in the Complex Rehab Technology market in North America,” said Alex Leslie, Partner at Cinven. “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 added, “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.”
NSM has been owned by Court Square since 2016.
About National Seating & Mobility
National Seating & Mobility is North America’s premier mobility solutions provider with industry-leading expertise in Complex Rehab Technology, Accessibility and Service supporting independence for individuals with disabilities. Founded in 1992, the company has grown from five locations to a network of mobility solutions experts partnering with physicians, therapists and clients across the U.S. and Canada. National Seating & Mobility is the only national mobility solutions provider accredited by The Joint Commission for demonstrating quality and safe care. The Joint Commission accredits and certifies more than 21,000 health care organizations and programs in the United States. For more information about National Seating & Mobility, visit nsm-seating.com.