Media Features

After Making Acquisition, Area Manufacturer Plans Expansion

December 23, 2019
Two men in a workshop stand near industrial machinery. One man wears a light shirt and glasses, the other a dark polo shirt, holding a tool. Equipment and shelves are visible in the background.

CEO Steve Dawson says Harmar is looking to expand in Sarasota.

It’s been about a year since Sarasota-based Harmar Mobility, which makes vehicle lifts, Stairlifts 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.

Business Observer FL