Rockwood portfolio company, Lifeway Mobility, announced that it has acquired the assets of Home Mobility Solutions, Inc. (HMS), Downers Grove, IL, through its subsidiary, Extended Home Living Services, Inc (EHLS), Arlington Heights, IL. This transaction represents the second add-on acquisition for Lifeway Mobility this year.
Founded by Mike Cleary, HMS has served greater Chicagoland and northwest Indiana, offering accessibility solutions including stairlifts, wheelchair lifts, modular ramps, bathroom modifications and elevators, for over 12 years. The HMS team will combine with EHLS/ Lifeway Mobility-Chicagoland to create the region’s leading accessibility provider.
For Mike Cleary, helping customers live safely and more independently at home has been a personal and passionate pursuit, beginning with members of his own family. “Joining forces with Lifeway enables us to continue to offer our customers and referral sources the caring, responsive service they’ve enjoyed with HMS together with a broader selection of products, an attractive showroom and streamlined systems,” says Cleary.
Paul Bergantino, Lifeway’s President, added, “We are excited to welcome Mike and his team to our Midwest operations. Their tradition of customer care and high-level of technical expertise complements EHLS’ capabilities and supports Lifeway’s commitment to quality and growth throughout the region.”
“Rockwood is pleased to support Lifeway as it continues to build a best in class business in the home accessibility and safety solutions market,” said Joe Merrill, Partner at Rockwood. “In addition to capital, we have been successful in leveraging our Rockwood River GuideTM network, healthcare expertise, and tools around strategic growth to be true partners alongside Paul’s team.”
Rockwood currently is seeking additional add-ons for Lifeway, including providers of home accessibility products, such as stair lifts, ramps, residential elevators and bathroom accessories, among others. Potential opportunities may be directed to Kate Faust, Partner-Business Development, at email@example.com.
Lifeway Mobility (www.lifewaymobility.com) is a leading provider of accessibility and safety products and services including: stairlifts, wheelchair lifts, ramps, elevators, step-in tubs and bath safety solutions in Connecticut, Illinois, Indiana, Massachusetts, Minnesota, Rhode Island, Southern New Hampshire and Wisconsin.
Rockwood Equity Partners (www.rockwoodequity.com) is an operationally-focused investment firm serving lower middle market businesses in regulated industries, including healthcare, aerospace and defense and process control, as well as specialized industrials. The firm invests in corporate divestitures/carve-outs and privately-owned manufacturers, value-added distributors and industrial service companies with $2 – $7 million in EBITDA ($10 – $75 million in revenues). Rockwood takes a values-based approach to sourcing and investing in businesses and looks to leverage its Rockwood River GuideTM network and proprietary tool kit for growing lower middle market businesses. Rockwood has offices in Cleveland, Denver and New York.