NSM Announces Upcoming Ownership Change
- By Laurie Watanabe
- Oct 11, 2019
National Seating & Mobility (NSM) is about to welcome a new owner.
In an Oct. 4 news announcement, the national complex rehab technology provider said its current owner, Court Square Capital Partners, has sold NSM to Cinven, an international private equity firm.
The deal should be finalized in November.
Bill Mixon, NSM’s CEO, said of the announcement, “This acquisition aligns with our company's continued trajectory of growth, future business goals and, most importantly, our mission. 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.”
Alex Leslie, Partner at Cinven, said of acquiring NSM, “This is an attractive opportunity for Cinven to invest in NSM, a leading player in the complex rehab technology market in North America. 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 U.S.”
Cinven Senior Principal John Richardson said, “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 described Cinven as 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.”
Laurie Watanabe is the editor of Mobility Management. She can be reached at email@example.com.