Harris Williams advises Harmar Mobility on sale to Cortec Group
Harris Williams has advised Harmar Mobility on its sale to private equity firm Cortec Group.
Harmar was previously a portfolio company of Seidler Equity Partners.
The transaction closed on 20 July and was led by Turner Bredrup, James Clark, Geoff Smith and Whit Knier from the firm’s healthcare and life sciences (HCLS) group.
“Harmar has established itself as a clear leader in the mobility and accessibility market through innovative, comprehensive and high quality products, paired with unparalleled service to an expanding network of loyal customers across multiple dealer-based distribution channels. This transaction is evidence of the strong interest that continues in the sector, driven by investors’ desire to find scalable business models in a growing market that is positioned to benefit from positive demographic trends, as well as increasing utilization among the expanding addressable population,” says Turner Bredrup, a managing director and head of Harris Williams’s HCLS Group.
Harmar’s products help individuals enhance their mobility, independence and quality of life.
Based in California, Seidler is a private investment firm that provides long-term capital and value-added strategic resources to executives seeking to grow their business.
Cortec is a New York-based private equity firm that acquires high value-added, lower-middle market specialty manufacturing, distribution and service businesses with leadership positions in their market niches.
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