Harmar Mobility sold to private equity firm Cortec Group
RICHMOND, Va., Jul 25, 2012—Harris Williams & Co., an investment bank that advises clients worldwide, has announced the sale of Harmar Mobility LLC to Cortec Group. Harmar is a leading designer, manufacturer and marketer of mobility and accessibility solutions focused on the vehicle and residential lift segment of the market. It had been a portfolio company of Seidler Equity Partners. Cortec is a New York-based private equity firm that acquires high value-added, lower-middle market specialty manufacturing, distribution and service businesses with leadership positions in their market niches. Harris Williams & Co. advised Harmar on the transaction, which closed July 20, 2012.