Audax Group announced it has completed the acquisition of Assistive Technology Group, Inc. d/b/a ATG Rehab (“ATG Rehab”). Headquartered in Rocky Hill, Connecticut, ATG Rehab is a national supplier of complex rehabilitation equipment and assistive technologies with 26 offices servicing 19 states. ATG Rehab provides mobility and seating solutions including power wheelchairs, manual and lightweight wheelchairs, adaptive seating, standing and positioning frames, specialty ambulatory and bath aids, and related rehabilitative rental equipment.
Geoffrey S. Rehnert, Co-Chief Executive Officer, Audax Group, said “ATG Rehab is a leading provider of complex rehab equipment in a fragmented industry. We are looking forward to working with Paul Bergantino and his management team to grow the company through regional expansion and product innovation, while maintaining their reputation for exceptional service and customer support.”
Paul Bergantino, CEO of ATG Rehab, said “We are excited to partner with Audax Group. Their operational expertise and success at sourcing and integrating add-on acquisitions for middle market companies will be key resources as we continue to build our business.”
Morgan Keegan Shattuck Hammond Healthcare advised ATG Rehab. Ropes & Gray LLP served as counsel to Audax Group. JPMorgan Chase provided senior debt financing to support the transaction.