Mufson Howe Hunter & Company is pleased to announce that Futura Mobility LLC has been acquired via a management buyout with capital provided by Renovus Capital Partners. The transaction represents a successful transition of ownership from the founding principal to the current CEO, David Gulian. Mr. Gulian will focus his partnership with Renovus on accelerating growth, deepening the product offerings and continuing to provide a differentiated level of client service.
“Our objectives for this transaction were to transition ownership to our CEO and to establish strong alignment between David’s and the investor’s longer-term vision for Futura Mobility. MHH did an outstanding job finding the ‘right’ investor as well helping us navigate the appropriate structure for this transaction. I am excited to see this partnership take Futura Mobility to the next level,” said Janet DeNicola, the Chairman of Futura Mobility.
Futura Mobility is a premier technology services provider with enterprise mobility DNA and deep domain expertise in application services, IT infrastructure and managed solutions for healthcare systems and Fortune 1,000 enterprise clients.
MHH acted as Futura Mobility’s exclusive financial advisor for the transaction. This engagement underscores MHH’s commitment to partnering with leading technology-enabled service companies, and highlights the firm’s deep domain expertise and established relationships in the sector.
About Futura Mobility:
Founded in 1992 and based in Fort Washington, Pennsylvania, Futura Mobility is a premier technology services provider with enterprise mobility DNA and deep domain expertise in application services, IT infrastructure and managed solutions for healthcare systems and Fortune 1,000 enterprise clients.
As a trusted advisor and managed service provider to 1 in 3 hospitals and more than 3,000 enterprise clients, Futura designs and implements innovative digital health solutions, including population health functionality with a proven ability to drive long-term, recurring revenue. The Company also manages more than 300K connected devices and is well-positioned to capitalize on the growing demand for Internet of Things and Artificial Intelligence-related solutions.
About Mufson Howe Hunter & Company:
Mufson Howe Hunter & Company (MHH), an investment banking firm established in 2004, focuses on merger and acquisition transactions and the placement of growth capital for privately-held, middle market companies.
MHH’s Technology & Services practice serves growth-oriented, rapidly scalable businesses that leverage proprietary and enabling technologies to address the evolving needs of modern enterprise customers. We apply deep industry expertise and broad transaction experience to provide thoughtful, tailored advice and solutions for our clients. Our clients turn to us for outstanding M&A advisory and capital-raising execution.
Broker-dealer services provided through Mufson Howe Hunter & Partners LLC, a member FINRA/SIPC.
Learn more about us at www.mhhco.com
