P&M Corporate Finance (“PMCF”) is pleased to announce that it served as the exclusive financial advisor to Wright & Filippis (“Company”) in the sale of its Specialty Seating and Mobility division to National Seating & Mobility (“NSM”), a national provider of complex rehab technology solutions focusing on highly customized wheelchairs for patients diagnosed with long-term or permanent loss of mobility. NSM is a portfolio company of Court Square Capital Partners L.P.
Founded in 1944 and headquartered in Rochester Hills, Michigan, Wright & Filippis has built a well-earned reputation as a leading provider of prosthetics, orthotics and accessibility solutions. The Company operates 22 locations in Michigan as well as a division in South Carolina, making it one of the largest prosthetics and orthotics companies in the country.
The sale of its Specialty Seating and Mobility division allows W&F to focus on their core business of prosthetics and orthotics, while ensuring the highest quality of continued care for its patients. “As we reviewed options for our mobility business, there were two key factors we considered; who would provide the best service to our patients and who would provide our staff continued opportunities for growth and advancement. It was determined after researching the market our best fit would be with NSM because they align closely with our culture of patient care and will provide stability for our ATP’s,” explains AJ Filippis, CEO of Wright & Filippis.
“NSM is proud to partner with companies that share our values. Wright & Filippis is one of the country’s most respected providers of prosthetics, orthotics, custom mobility products and accessibility solutions,” said Bill Mixon, CEO of NSM. “This acquisition allows both companies to focus on our areas of expertise to better serve those distinguished clients in Michigan.” PMCF was hired to serve as the Company’s exclusive investment bank and lead the sale process. Steve Filippis, the Executive Vice President of Business Development at Wright & Filippis noted, “The process led by PMCF allowed us to choose the perfect acquisition partner for W&F. Their expertise and significant involvement throughout the entire process was instrumental in making this transaction a success for all parties involved.”
The transaction closed on July 31, 2017
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