PHOENIX--(BUSINESS WIRE)--Vantage

Mobility International (“Vantage Mobility” or “VMI”), a market

leader in the manufacturing of Wheelchair Accessible Vehicles (WAVs),

and its affiliates announced today that it has reached an agreement in

principle with its investors and financial lenders to accept a new round

of funding designed to strengthen the company’s balance sheet and

accelerate the growth of its business.

As a part of the transaction, VMI will receive a meaningful cash

infusion, which will be used to invest in growth. The funding will

enable VMI to invest in several longer-term strategic projects,

including product development, supplier relationships, and customer

partnerships. As part of the transaction, VMI will also retire certain

debts incurred as a part of its acquisitions of AMS

Vans (September 2017) and Revability

(December 2018).

Mark Shaughnessy, Chief Executive Officer of Vantage Mobility,

commented, “I am delighted to announce this news, which will help VMI

realize its vision of improving the customer experience of renting,

leasing, buying and owning a WAV. It demonstrates great confidence on

the part of our investors in our business, management team, employees,

marketplace, and future of the Company. I am very appreciative of the

support from our lenders and sponsors; VMI’s current and future business

model is much stronger as a result of this transaction.”

Headquartered in Phoenix, VMI employs an experienced engineering,

marketing, manufacturing, and sales staff to produce converted vehicles

with lowered floors, increased headroom, and deployable ramps which

allow for comfortable use of the vehicle by a disabled driver or

passenger. The Company offers conversions on the market leading Toyota

Sienna, Honda Pilot, Dodge Caravan, and Chrysler Pacifica platforms.

VMI’s vehicles are known as the most technically innovative in the

industry, which maximize the usable interior space on the respective

platforms.

VMI is a portfolio company of Nautic Partners, a middle-market private

equity firm based in Providence, RI.

About VMI

Vantage Mobility

International (VMI) is a leading manufacturer of wheelchair accessible

vehicles built on Toyota, Honda, and Fiat Chrysler Automobiles (FCA)

chassis. The company has advanced the mobility industry for 30 years

with a robust portfolio of minivan and SUV conversions as well as

platform lifts. VMI, based in Phoenix, Arizona, has also been awarded

the prestigious Toyota Gold Certificate for Quality and its

manufacturing facility utilizes Six Sigma techniques to employ

continuous process improvements and deliver high quality products for

personal use and commercial applications. For more information, visit www.vmivans.com.

About Nautic

Nautic is a

middle-market private equity firm that focuses on three industries:

healthcare, industrial products, and outsourced services. Nautic has

completed over 130 platform transactions throughout its 30-plus year

history. Nautic's strategy is to partner with management teams to

accelerate the growth trajectory of its portfolio companies via add-on

acquisitions, targeted operating initiatives, and increased management

team depth. Nautic generally makes equity investments of $25 million or

more. For more information, please visit www.nautic.com.

Contacts

For VMI

Josh Weiss

10 to 1 Public Relations

480-789-0743

For Nautic Partners:

Caroline Collins

BackBay Communications

(617)

963-0065