We are pleased to share the sale of Generational Equity 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 Equity 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.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Healthcare & Lifesciences M&A Deals page.
Carl Doerksen is the Director of Corporate Development at Generational Equity.
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