Navigation Links
Cortec Closes Equity Transaction with 101 Mobility
Date:5/24/2013

New York, New York (PRWEB) May 24, 2013

Based in Wilmington, North Carolina, 101 Mobility® is a leading nationwide sales, installation and service provider of mobility and accessibility solutions for both consumer and commercial applications. The company’s core products include stair lifts, wheelchair ramps, vertical platform lifts, vehicle lifts for mobility devices, pool lifts, turning automotive seats, and residential elevators, among others. 101 Mobility operates over 30 locations, primarily through its franchise program, with a number of locations in development.

CEO Dave Pazgan, who will continue in his current position along with founders Keith Barnhardt and Luke Sampson, said, “After launching our franchise program in 2010, we have experienced a rapid rate of growth. Our partnership with Cortec ensures that we have the resources to properly support our franchisees as we expand throughout the country.”

Cortec has experience in the industry via its ownership of Harmar Mobility, LLC, a leading manufacturer of a versatile line of Mobility and Accessibility Equipment, which they acquired in July of 2012.

“Since teaming up with Cortec last summer, they have proven to be a valuable partner to Harmar. I’m confident that 101 will meet their growth objectives even more quickly with the resources that Cortec will be able to provide. We look forward to the opportunity to expand our relationship as an important supplier to 101 as they continue to grow,” added Chad Williams, CEO of Harmar.

“Given aging demographics and the general desire to stay active late into life and remain in one’s home, we believe the end markets that 101 and Harmar serve are poised for long term growth. We are excited to be partners with both and continue to look for opportunities in the space,” added Jeffrey Lipsitz, a Managing Partner of Cortec Group.

###

About 101 Mobility, LLC
Founded in 2008, 101 Mobility is a leading distributor, installer and servicer of residential and commercial solutions for individuals who are mobility impaired and the businesses that serve them. For additional information please visit 101Mobility.com or 101MobilityFranchise.com.

About Cortec
Founded in 1984, Cortec acquires high value-added, middle-market healthcare, consumer, and specialty products, service, and distribution businesses from owners and management teams who want to work with Cortec to drive growth and improve business fundamentals. Cortec currently manages over $1 billion in its two active funds and targets platform acquisitions with enterprise values of $40 million to $300 million and smaller follow-on acquisitions. Additional information about Cortec can be found at http://www.cortecgroup.com

About Harmar Mobility, LLC
Founded in 1998, Harmar is the leading designer, manufacturer, and marketer of mobility and accessibility solutions for individuals who are mobility impaired. For additional information, please visit http://www.harmar.com.

Read the full story at http://www.prweb.com/releases/2013/5/prweb10768470.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Dartmouth medical research closes in on new tuberculosis vaccine
2. InnoVative Capital Closes $41 Million FHA 242 Refinancing, Cutting Morehead Memorial Hospital's Loan Rate by 21% and Reducing Debt Service by $5 Million
3. AvePoint Compliance Guardian Closes the Door on Privacy, Security & Accessibility Violations
4. AMS Closes $97.6 Million FHA 242 Insured Mortgage Loan for Construction of New Orleans East Hospital
5. Newly Published Graph Discloses the Dangers and Deaths Linked with Digestive Disease
6. Early education closes achievement gap, brings societal benefits
7. DrugRisk Update: Bayer Discloses $500 Million Remaining for Yaz Lawsuits
8. Equity Annuities "Best of the Best" Awarded to Resource 4 Retirement for Excellence by Follow Media Consulting, Inc.
9. Aeolus Pharmaceuticals To Present At Taglich Brothers 10th Annual Small Cap Equity Conference
10. Fluoropharma Medical To Present At Taglich Brothers 10th Annual Small Cap Equity Conference
11. Derma Sciences To Present At Taglich Brothers 10th Annual Small Cap Equity Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/21/2017)... ... January 21, 2017 , ... Seamild, the largest manufacturer of oats in ... its owner and founder. As Oat is recognized globally as one of the healthiest ... as he believes it is a move to sow the seed of good karma. ...
(Date:1/21/2017)... ... 21, 2017 , ... Santa Rosa Orthopaedics (SRO) is excited ... 167 Lynch Creek Way. The Petaluma office features three comfortable patient exam rooms, ... services and on-site x-ray services. Two multi-specialist orthopaedic surgeons Dr. Neema Pourtaheri ...
(Date:1/20/2017)... ... 2017 , ... A new partnership between Goodwill® and Roadie, Inc. aims to ... from clothes to couches to dressers and bicycles. Roadie — the national on-the-way delivery ... Goodwill donation center through February 28th. , “January is an exciting time when ...
(Date:1/20/2017)... ... ... Bionic Sports Nutrition LLC, an American company devoted to developing high-quality nutritional supplements ... Trade Show in Hilton Head, SC. , Bionic Sports Nutrition manufactures its entire ... to all clients at reasonable prices. At the ECRM trade show, it had a ...
(Date:1/20/2017)... ... January 20, 2017 , ... Michael and Betsy Brauser ... Cancer Institute. For Betsy, the clinical trial has been life-saving as she has ... worsened. , Betsy Brauser was diagnosed with ovarian cancer in 2009. She underwent ...
Breaking Medicine News(10 mins):
(Date:1/20/2017)... -- Research and Markets has announced the addition ... Future" report to their offering. ... This research service on the global pharmaceutical ... provides a snapshot of the key participants in the market. ... from 2016 to 2020. The market is expected to grow at ...
(Date:1/20/2017)... 2017 Wells Specialty Pharmacy announces the acquisitions and ... in Winter Park, Florida and Pharm-EZ ... Operations have been consolidated into the 3796 Howell Branch Road ... announce that Chad Tomlinson , former Vice President of ... immediately. Mr. Tomlinson is a Graduate of Florida State University ...
(Date:1/20/2017)... -- Avillion LLP, a co-developer and financier of late-stage ... MD MBA as Chief Medical Officer. Dr Weinberg will be based ... ... spent more than 17 years as a pharmaceutical and biotech executive ... Over the course of his career, he has interfaced with the ...
Breaking Medicine Technology: