NSM sold to Cinven, after three years with Court Square
By HME News Staff
Updated Fri October 4, 2019
NASHVILLE, Tenn. - National Seating & Mobility has agreed to be acquired by Cinven, an international equity firm.
Since 2016, NSM has been owned by Court Square Capital Partners. Prior to that, it was owned by Wellspring Capital Management, which bought the company in 2012.
“This acquisition aligns with our company's continued trajectory of growth, future business goals and, most importantly, our mission,” said Bill Mixon, NSM CEO. “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.”
Cinven is an 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.
“This is an attractive opportunity for Cinven to invest in NSM, a leading player in the complex rehab technology market in North America,” said Alex Leslie, a partner at Cinven. “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.”
The transaction is expected to close in 45 days.
NSM was founded in 1992 and has grown from five locations to a national network of mobility solutions experts.
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