
Generational Group Advises Gulf States Mobility in its Sale to Superior Van & Mobility
By Generational Group
07/26/2023
Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Gulf States Mobility, Inc. to Superior Van & Mobility. The transaction closed June 30, 2023.
Gulf States Mobility (GSM), located in Wetumpka, Alabama, is a leading provider in sales, service, and repair of wheelchair-accessible vehicles. This includes sales, installation, service and repair of wheelchair/scooter carriers, hand controls, wheelchair securement systems, high-tech adaptive driving controls, stairlifts, vertical platform lifts, and ceiling track systems. The Company also does wheelchair and scooter repair and commercial transit bus wheelchair lift, electrical system, and air conditioning repair and services. In operation since 2010, the Company has developed a broad market presence.
Superior Van & Mobility (SVM), headquartered in Louisville, Kentucky, is the largest family-owned mobility dealer in the nation. SVM is an industry leader with unparalleled customer service, providing state-of-the-art mobility solutions for the consumer and commercial transportation industry. They are a proud member of the National Mobility Equipment Dealers Association (NMEDA) and a participant in NMEDA’s Quality Assurance Program (QAP), a recognition reserved only for the highest quality mobility dealers in the country.
SVM has 17 locations throughout Indiana, Kentucky, Tennessee, Louisiana, Arkansas, Alabama, Nebraska, Michigan, and Florida. Their primary business is providing customers with an extensive selection of new & used wheelchair vans, wheelchair-accessible SUVs, wheelchair & scooter lifts, and adaptive equipment.
The Company also provides wheelchair van rentals and state-of-the-art service centers at each location. Each facility is staffed by factory-trained technicians who provide 24/7 emergency roadside services.
Generational Group Executive Managing Director of M&A – Central Region, Michael Goss, Sam Sumner, a Generational Group Authorized Affiliate and Vice President, M&A, Lance Thomasson, successfully closed the deal. Senior Managing Director Doug Morrow established the initial relationship with GSM.
About Generational
Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.
Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.
The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.