After Making Acquisition, Area Manufacturer Plans Expansion
“It’s been about a year since Sarasota-based Harmar Mobility, which makes vehicle lifts, stair lifts and vehicle platform lifts, acquired the mobility device lift product division from Pennsylvania-based Pride Mobility.
The acquisition has moved the needle at Harmar, owned by New York-based private equity firm Cortec Group. “We acquired Pride with the goal of increasing our share in the market, and we think we did that,” Harmar CEO Steve Dawson tells Coffee Talk
It’s renaming the Pride products as The Paragon Series, part of the company’s transition arrangement with Pride.”