Article

VMI Acquires AMS to Support Goal of Putting a Wheelchair Accessible Vehicle (WAV) in the Driveway of Every Wheelchair User

Providence, RI

Vantage Mobility International (VMI) acquired AMS Vans, Inc., located in Tucker, Georgia, in pursuit of providing wider access to mobility vehicles. AMS is a leading provider of economy priced wheelchair accessible vehicles (“WAV”). AMS has been a leader in the mobility industry since 1999 as one of the first WAV providers to offer new and used Dodge, Chrysler, Honda, Toyota, and Volkswagen vans for sale with delivery nationwide at affordable prices.

Kip Crum, President of AMS, said, “We are truly excited to become a part of VMI. We see this as a positive and natural next step as our industry grows and matures. We are passionate about helping wheelchair users gain their freedom and independence, and we believe partnering with VMI will give us more opportunity to do what we love to do. Together, the two companies can better serve a growing and complex market that significantly helps an underserved segment of society.”

“AMS has developed an economy price strategy that enables them to serve a range of customers we were unable to support with our premium positioned VMI products,” said Doug Eaton, President and CEO of VMI. “Kip and his team at AMS have demonstrated that they can effectively earn the business of consumers who are looking for an economical wheelchair accessible vehicle. We couldn’t be more proud to partner with AMS.”

VMI has an extensive portfolio of innovative mobility vehicles based on Chrysler, Toyota, Honda and Dodge chassis, and these products are sold exclusively through a nationwide dealer network focused on delivering an enhanced consumer experience. When talking about the plans for how these two companies will be positioned, Eaton said, “VMI has no intention of merging these two brands. We will continue to operate them as separate entities due to their unique customer value propositions.”

About VMI

Vantage Mobility International (VMI) is a leading manufacturer of wheelchair accessible vehicles built on Toyota, Honda, Chrysler and Dodge automobiles. It has advanced the mobility industry for 30 years with a robust portfolio of power and manual ramp conversions and platform lifts. VMI is based in Phoenix, Arizona, where its manufacturing facility utilizes Six Sigma techniques to employ continuous process improvements and deliver high quality products for personal use and commercial applications.

For additional information, contact Christine Kane at VMI 602-385-5901 or visit www.vmivans.com and www.amsvans.com.

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Certain statements about Nautic made by portfolio company executives herein are intended to illustrate Nautic’s business relationship with such persons, including with respect to Nautic’s facilities as a business partner, rather than Nautic’s capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Nautic-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein.