Chicago-based private equity firm Flexpoint Ford has made an equity investment for an undisclosed sum in the wheelchair accessible vehicle provider MobilityWorks (Richfield, Ohio) to help the company expand.
“We chose [Flexpoint Ford] as our institutional investment partner because of their proven track record of collaborating with founders in the healthcare and financial services sectors to accelerate growth,” said Bill Koeblitz, founder and CEO of MobilityWorks. “Most importantly, the team at Flexpoint Ford supports our culture with a relentless focus on outstanding care for our clients with disabilities."
MobilityWorks has grown to provide wheelchair accessible vehicles in 24 states. With the additional capital from Flexpoint Ford, MobilityWorks can continue expanding.
Flexpoint Ford specializes in healthcare and financial services industries, and its Managing Director Johnathan Oka said he believes that his firm’s “investment will create several advantages for the company in this next exciting chapter of growth.”
Throughout the transaction, Piper Jaffray & Co. acted as financial advisor and Calfee, Halter & Griswold and Ulmer & Berne acted as legal counsel to MobilityWorks. Kirkland & Ellis and Holland & Knight served as legal counsel to Flexpoint Ford.
