Lifeway Mobility targets growth through investment

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Thursday, August 30, 2018

HARTFORD, Conn. – Lifeway Mobility, an accessibility solutions company started by former Numotion CEO Paul Bergantino, has received a “major investment” from Cleveland-based Rockwood Equity Partners.

As part of the transaction, Rockwood will provide additional capital and resources to enable Lifeway Mobility to accelerate its plans to become the leading provider of accessibility and safety solutions for people with mobility challenges and those wishing to age in place, according to a press release.

Lifeway Mobility offers solutions like stair lifts, elevators, wheelchair lifts, ramps and bath safety solutions in Connecticut, Massachusetts, Rhode Island, southern New Hampshire, Minnesota, southern and western Wisconsin, Illinois and northwest Indiana.

Also as part of the transaction, Lifeway Mobility has made a “major investment” in Extended Home Living Services, a provider of accessibility equipment, lifts, elevators and modifications in the Chicago area, run by Elizabeth and Stephen Crandall.

Bergantino launched Lifeway Mobility in 2015, nearly 25 years after he started Connecticut Rehab. Connecticut Rehab became ATG Rehab and, when it merged with United Seating & Mobility, became Numotion.

Rockwood Equity Partners targets companies that generate $10 million to $75 million in revenue, with $2 million to $7 million in EBITDA.