Private equity firm LLR Partners has invested an undisclosed amount of growth capital in United Seating & Mobility, a provider of rehabilitation products and wheelchairs. The funding will help United Seating & Mobility pursue future acquisitions, among other growth strategies. Philadelphia-based LLR Partners has more than $1.4 billion under management.
PRESS RELEASE
LLR Partners (“LLR”) today announced that it has made a growth capital investment in United Seating & Mobility (“USM”), a leading provider of complex rehabilitation products, including custom power and manual wheelchairs for disabled adults and children. LLR is partnering with the firm’s existing management team to help fund the Company’s growth and future acquisitions.
Since its founding in 2001, United Seating & Mobility has grown to 36 locations in 20 states and become a leader in the complex mobility industry. USM provides seating and mobility solutions for individuals with disabilities while considering the patients’ long-term needs, their work and home environment, access to transportation, and their social and emotional environments. USM provides industry leading support to its Assistive Technology Professionals (“ATPs”), allowing them to focus on the patient and the best mobility solution rather than burdensome administrative tasks.
“Bob and his team have proven their ability to deliver a critical service on a nationwide level, and we are looking forward to working alongside them as they continue to expand the business,” said Howard Ross, a Partner at LLR who will join the Company’s Board. “USM always puts the patient first and seeks to partner with its referring clinics to provide the best solution for the patient. We look forward to helping the Company grow both organically and through acquisitions.”
“We are excited to partner with LLR,” said Bob Gouy, CEO of USM. “Their experience working with growth companies in the healthcare space will provide us with a helpful perspective, as we continue to build USM. We are focused on offering our customers the best seating and mobility solutions possible along with exceptional customer service, and we see a tremendous opportunity to expand our footprint to better reach those in need of our services.”
About LLR Partners
LLR Partners, a leading private equity firm based in Philadelphia, provides capital to middle market growth companies with proven business models in a broad range of industries including healthcare, financial, consumer and business services, information technology, specialty retail and education. With over $1.4 billion under management, LLR is flexible in its approach, taking minority or majority positions, and leading transactions ranging from expansion and growth capital to shareholder recapitalizations and buyouts. For more information about LLR, please visit www.llrpartners.com.
About United Seating & Mobility
United Seating & Mobility has helped more than a 100,000 people overcome obstacles to their mobility by putting lives in motion. The Company offers a wide selection of mobility products for adults and children including power and manual wheelchairs, custom seating, patient transfer lifts, standing frames, home medical equipment, medical mattresses, and sports activity products. USM serves its customers from 36 locations in 20 states and is dedicated to excellent customer service including seating and mobility assessments, equipment trials, simulations and reimbursement assistance. After the sale service and support is provided by our industry leading service departments located in each of our locations. For more information about United Seating & Mobility, please visit www.unitedseating.com.
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