Huntington Capital, the San Diego-based lower middle market private equity fund, placed a growth investment in Vantage Mobility International. Vantage makes tools for conversions to place wheelchair lifts and other accessibility products in vehicles. Huntington invested in the company from its second fund.
Huntington Capital Invests In Leading Personal Mobility Transportation Solutions Provider.
Huntington Capital Fund II, LP (“Huntington”), a San Diego based lower-middle market focused private equity mezzanine fund, is pleased to announce its growth investment in Vantage Mobility International (“VMI”), a leading solutions provider in the personal mobility transportation market.
Founded in 1987, Vantage Mobility International is a manufacturer of vehicle conversions and platform lifts for wheelchairs and other accessibility products within the personal mobility transportation market. The company operates out of a state of the art conversion facility located in Phoenix, Arizona. In partnership with OEM manufacturers such as Chrysler, Dodge and Honda, coupled with their nationwide mobility equipment retail dealer network, VMI has grown to become the 2nd largest provider of lowered floor, wheelchair accessible mini-vans in North America. For more information on the company please visit their website at www.vantagemobility.com.
“VMI fits well with Huntington’s list of desirable company qualities. It maintains strong brand recognition in the market, a healthy balance sheet, a talented management team and a very high quality product. We were also attracted to their values driven culture with an emphasis on continual improvement. The team reflects a sense that the product in which they produce improves the quality of life of many people, and this shows from the CEO on down,” said Huntington Managing Partner Morgan Miller.
“We conducted an exhaustive search for mezzanine financing partners and ultimately selected Huntington as one of the companies on our short list,” noted VMI CFO Tim Barone. “During our due diligence process the people at Huntington stood out for their thoroughness and partnership personality. After they were chosen as our partner of choice, our positive opinion of the Huntington team was only enhanced by their ability and willingness to work out the key details and get the deal finalized, and we at VMI look forward to a long and prosperous relationship together.”
“We look forward to helping the company build upon its’ long tenured track record of success by providing this growth capital investment,” indicated Huntington Senior Associate Joel Gragg. “All of our due diligence and interaction with the company has only served to further confirm the high quality of product and people throughout the organization.”
Founded in 1987, Vantage Mobility International (“VMI”) is a leading manufacturer of vehicle conversions and platform lifts for wheelchairs and other accessibility products; the company maintains the 2nd largest market share within the personal mobility segment in North America. For more information on the company please visit their website at www.vantagemobility.com.
Based in San Diego, CA, Huntington Capital is a leading mezzanine capital provider to lower middle market companies throughout California and the Southwestern United States. Founded in 2000, Huntington is currently operating out of its second fund, Huntington Capital Fund II, which it raised in 2008 with capital commitments from a group of leading institutional investors. Huntington seeks to invest in established lower middle market businesses generating between $10 million and $75 million in revenues across a broad range of industries; investments are typically structured in the form of growth capital, buyout or acquisition financing ranging between $1.0 million and $6.0 million. The firm has invested in approximately 35 companies since its founding. Partners Morgan Miller, Barry Wilson and Tim Bubnack lead Huntington’s management team. For more information please visit www.huntingtoncapital.com.