Van Products, Inc.
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Van Products, Inc. - overview
Established
1974
Location
Raleigh, NC, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
Van Products, Inc. specializes in mobility solutions, providing a range of handicap accessible vans and mobility aids designed to enhance independence for individuals with physical disabilities. Founded in 1974 and headquartered in Raleigh, US, Van Products, Inc. provides mobility solutions including wheelchair accessible vans.
The company was acquired by Center Manufacturing Inc. in November 2011, with financial terms undisclosed. The CEO, Tim Harrell, has been instrumental in guiding the company through its strategic initiatives. Van Products specializes in providing a comprehensive array of mobility solutions, primarily focused on handicap accessible vans and mobility products aimed at enhancing the quality of life for individuals with physical disabilities.
Their core product offerings encompass new and pre-owned side-entry and rear-entry wheelchair vans, which are equipped with customizable mobility features such as automatic wheelchair ramps, hand controls, and tie-down systems. The company also supplies various mobility aids for home and travel use, including stair lifts and wheelchair lifts, designed to facilitate independent living for users. Van Products serves a diverse clientele, including individuals with disabilities, caregivers, and families seeking to improve mobility solutions in their daily lives. The company operates across multiple geographic markets, with a strong presence in North Carolina, while also catering to customers in surrounding states looking for reliable mobility vehicles.
Van Products generates revenue through the sale and rental of wheelchair accessible vans, as well as through the provision of mobility products and services. The business model is centered around direct-to-consumer transactions, where customers can purchase or lease vehicles and mobility aids tailored to their specific needs. Revenue streams include one-time purchases of new and used vans, customizable accessory installations, and recurring rental agreements for those in need of temporary mobility solutions. The company offers competitive financing options, enabling customers to manage costs effectively over extended periods.
Additionally, Van Products provides warranties and service contracts for their vehicles, ensuring ongoing customer support and maintenance, which can further augment revenue through service-related transactions. Van Products is focused on enhancing its product line with upcoming mobility solutions expected to launch within the next year. The company is also planning to expand its services into new markets, particularly targeting the Southeast and Mid-Atlantic regions by the end of 2024. The recent acquisition by Center Manufacturing Inc.
is expected to provide the necessary resources to support these growth initiatives.
Current Investors
Center Manufacturing, Inc.
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.vanproducts.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Van Products, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Van Products, Inc. | - |
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