M&A Deal Summary

Halifax Group Acquires 101 Mobility

On December 31, 2022, private equity firm Halifax Group acquired business services company 101 Mobility from Cortec Group

Acquisition Highlights
  • This is Halifax Group’s 5th transaction in the Business Services sector.
  • This is Halifax Group’s 39th transaction in the United States.
  • This is Halifax Group’s 3rd transaction in North Carolina.

M&A Deal Summary
Date 2022-12-31
Target 101 Mobility
Sector Business Services
Buyer(s) Halifax Group
Sellers(s) Cortec Group
Deal Type Recapitalization

Target

101 Mobility

Wilmington, North Carolina, United States
101 Mobility is a nationwide sales, installation, and service provider of mobility and accessibility solutions for both consumer and commercial applications. The Company’s core products include stairlifts, wheelchair ramps, vertical platform lifts, vehicle lifts for mobility devices, pool lifts, turning automotive seats, and residential elevators, among others. 101 Mobility was founded in 2008 and is based in Wilmington, North Carolin.

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Buyer(S) 1

Buyer

Halifax Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Halifax Group is a private equity firm focused on investing in established, profitable, and growing companies. The Firm prefers completing transactions in partnership with management and typically looks to invest $40 to $80 million per acquisition. Prospective companies generally have revenues of at least $20 million and EBITDA greater than $8 million. Sectors of interest include business services, healthcare services, infrastructure services, and 'wellness' products and services. Halifax prefers opportunities located in North America. The Halifax Group was formed in 1999 and is based in Washington, DC, with additional offices in Dallas, Texas and Raleigh, North Carolina.

DEAL STATS #
Overall 43 of 45
Sector (Business Services) 5 of 5
Type (Recapitalization) 10 of 10
State (North Carolina) 3 of 3
Country (United States) 39 of 40
Year (2022) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-31 Harmar

Sarasota, Florida, United States

Harmar is a designer, manufacturer, and marketer of mobility and accessibility solutions for individuals who use power wheelchairs/scooters or are otherwise mobility impaired. Harmar was founded in 1998 and is based in Sarasota, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 Worldwide Home Care

Marseille, France

Worldwide Home Care operates in 8 countries: the US through Comfort Keepers; the United Kingdom through Prestige Home care, The Good Care Group, and Oxford Aunts; Ireland through Comfort Keepers; France through Amelis; Brazil through Pronep, and multiple brands in the Nordics.

Buy -

Seller(S) 1

SELLER

Cortec Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 6.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cortec Group is a private equity firm focused on acquiring mid-sized businesses operating in basic industries. Cortec Group is an experienced and knowledgeable investor in healthcare products and services, B2C and B2B products, value-added distribution (including eCommerce), and specialty services companies with equity of $100-$500 million and EBITDA of $10 to $50 million. Cortec Group was formed in 1984 and is based in New York City.

DEAL STATS #
Overall 34 of 35
Sector (Business Services) 3 of 3
Type (Recapitalization) 1 of 1
State (North Carolina) 2 of 2
Country (United States) 33 of 34
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-31 Harmar

Sarasota, Florida, United States

Harmar is a designer, manufacturer, and marketer of mobility and accessibility solutions for individuals who use power wheelchairs/scooters or are otherwise mobility impaired. Harmar was founded in 1998 and is based in Sarasota, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Chauvet

Davie, Florida, United States

Chauvet is a developer and marketer of branded entertainment and architectural lighting products, trussing, controllers and related equipment used in applications ranging from DJ, club, corporate events, hospitality venues, and houses of worship, to more demanding settings including concert tours, theaters, television and “architainment.” Chauvet was founded in 1990 and is based in Davie, Florida.

Sell -
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