National Seating & Mobility (NSM), a Nashville, Tennessee-based provider of Complex Rehab Technology (CRT) and home accessibility equipment in the United States and Canada, is being shopped for acquisition, according to reporting in PE Hub.
Global private equity firm Cinven acquired NSM in 2019 for $850 million. PE Hub reported that the firm is now seeking a valuation of 12 to 15 times EBITDA, translating to an estimated deal value of $1.5 billion.
NSM is considered a prime acquisition target for both private equity firms and strategic buyers, and is expected to attract significant interest from multiple industry players.
Potential buyers could include major private equity firms such as Apollo, Advent International or KKR, according to PE Hub. Additionally, buyers like AdaptHealth (Nasdaq: AHCO) and Owens & Minor might show interest in acquiring NSM.
AEA Investors-backed Numotion, a key competitor, might also throw its hat into the ring, PE Hub reported. That could raise antitrust concerns, however, the investment publication noted.
NSM is one of the top four providers of durable medical equipment (DME) in North America, offering complex manual and power wheelchairs, complex seating and positioning technology, home ramps, lifts and other equipment for children and adults with severe and permanent mobility-related disabilities.
In November, NSM named Crispin Teufel as its new CEO. Teufel replaced Chuck Bodner, NSM’s CFO who’d served as interim CEO since July 2023.
The timeline for launching the sale process remains undetermined. National Seating & Mobility declined comment at time of publication.
