Nautic Partners LLC announces the acquisition of wheelchair-accessible vehicle manufacturer Vantage Mobility International. Transaction terms were not disclosed.

“In Nautic, we have found an ideal partner to support VMI’s continued growth,” says Doug Eaton, CEO of Phoenix, based VMI, in a media release. “Nautic offers a compelling combination of manufacturing, healthcare and financial experience to help VMI bring its life-changing products to even more disabled individuals and their families.”

Doug Hill, managing director of Nautic, comments, “VMI is an excellent fit with Nautic’s strategy of investing in market leading niche manufacturing businesses with strong competitive positions and excellent management teams. We look forward to helping VMI increase the awareness of its compelling and differentiated products, and to support the Company as it continues to bring new offerings to market.”

Nautic Vice President Nick Vidnovic adds, “We are pleased to partner with the team at VMI, and with its national network of dealers. We are excited by the opportunity to drive both success in the business and a positive change in the lives of VMI’s customers.”

[Source(s): Nautic Partners LLC, Business Wire]