Harmar Mobility, LLC

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Harmar Mobility, LLC - overview

Established

1998

Location

Sarasota, FL, US

Primary Industry

Medical Devices & Equipment

About

Harmar Mobility, LLC, based in the US, specializes in accessibility solutions designed to enhance mobility and independence for individuals with mobility challenges through innovative home and vehicle lift products. Founded in 1998 in Sarasota, US, Harmar Mobility, LLC develops and delivers accessibility solutions, primarily focusing on products that facilitate mobility for individuals with disabilities. The firm is not known to have undergone significant pivots in strategy. Currently, Steve Dawson serves as CEO, guiding the company in its operations.


Harmar is a leading provider of accessibility solutions, specializing in home access products designed to enhance mobility and independence for individuals with mobility challenges. The company’s primary offerings include stairlifts, vertical platform lifts, and a range of vehicle lifts, all engineered to facilitate easy navigation within residential spaces and beyond. Their stairlifts can be straight or curved, tailored to meet specific home layouts, while vertical platform lifts provide efficient access for wheelchair users. The vehicle lift solutions encompass products compatible with SUVs, trucks, and sedans, ensuring that mobility devices can be transported securely and conveniently.


Harmar's products are sold primarily in the United States but also extend their reach to international markets, serving a diverse customer base that includes older adults, individuals with disabilities, and caregivers seeking to promote independence for their loved ones. Harmar generates revenue through direct sales of its accessibility solutions to consumers and partnerships with dealers and distributors across various markets. The business transactions typically involve a direct-to-consumer model, where customers can consult with trained representatives to select products that best suit their individual needs. The company offers specialized products, including its trademarked Helix curved stairlift and the AL100 scooter lift, which cater to specific user requirements.


Pricing structures are comprehensive, with costs varying based on the complexity of installation and customization options selected by customers. Harmar's commitment to quality and customer service fosters long-term relationships with clients, ensuring ongoing sales and service opportunities in the accessibility market. Seidler Equity Partners acquired Harmar Mobility, LLC, with financial terms not disclosed, positioning the company for future growth. Harmar plans to design and launch new products in the upcoming year, specifically targeting enhancements in their stairlift and vehicle lift offerings.


The company is also looking to expand its market reach into Canada and Europe by the end of 2024. The recent acquisition funding will be utilized to support these initiatives, focusing on product development and market penetration strategies.


Current Investors

Cortec Group

Primary Industry

Medical Devices & Equipment

Sub Industries

Therapeutic Devices

Website

www.harmar.com

Verticals

Manufacturing

Company Stage

Mature

Total Amount Raised

Subscriber access only

Harmar Mobility, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedPollock Lifts Limited-
Secondary BuyoutCompletedHarmar Mobility, LLC-
Private DebtCompletedHarmar Mobility, LLC-
Secondary BuyoutCompletedHarmar Mobility, LLC-
BuyoutCompletedHarmar Mobility, LLC-

Displaying 1 - 5 of 5

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.