Numotion Announces New Ownership
- By Laurie Watanabe
- Nov 13, 2018
AEA Investors — a global private investment firm with offices in New York, Connecticut, London, Munich and Shanghai — has acquired controlling interest in Numotion.
In a Nov. 13 news announcement, Numotion also said two current investors — LLR Partners and Audax Group — had reinvested as minority stakeholders.
Numotion’s CEO, Mike Swinford, said in the announcement, “We’re excited to partner with AEA as we enter into this next chapter of our growth. AEA’s resources and expertise will help us to further invest, so we can continue in our pursuit of providing the best possible services to our customers.”
AEA Investors Partner Louie Sharpe said of the new agreement, “Numotion is the recognized leader in the CRT [complex rehab technology] market with an established, world-class leadership team and strong market presence across more than 140 locations in the United States. We are excited to work with this team to continue to grow Numotion and identify opportunities to better serve its customer base.”
“The AEA team,” Swinford added, “is extremely passionate about our purpose, which made them the perfect sponsor as we continue our mission of improving the lives of people with disabilities.”
AEA Investors was founded in 1968 and currently manages $11 billion of invested and committed capital. The company says it specializes in “buyouts of middle-market companies; buyouts of companies at the smaller end of the middle market; [and] mezzanine and senior debt investments.”
Laurie Watanabe is the editor of Mobility Management. She can be reached at email@example.com.