Transom Capital Completes Acquisition of Blue Microphones
Transom Capital Completes Acquisition of Blue Microphones
LOS ANGELES, April 4/PRNewswire/ --
Transom Capital Group announced today that it has completed the
acquisition of Blue Microphones, a leading provider of high-end microphones
for the professional audio and consumer markets. Since its inception in 1995,
Blue has grown to become a top brand in the industry through its unmatched
sonic quality and a unique design aesthetic. Skipper Wise and Martins
Saulespurens, the founders of Blue, will retain an ownership interest in the
Company and continue building the world's best microphones following the
closing of the transaction.
Russ Roenick, Managing Director at Transom Capital, said that executives
from Transom Capital and Blue have already been working together to develop a
strategic plan for the Company and that Blue will be moving quickly to
execute against key opportunities in the coming months.
"This transaction presents an excellent opportunity to work with the team
at Blue to achieve the next stage of growth for the Company," Mr. Roenick
said. "Blue has the top brand in the space and relationships with major
retailers and artists based on its history of design, innovation, and great
products. The Company has several extremely compelling growth opportunities."
"We chose Transom as our acquisition partner because they provide the
operational expertise that will allow us to create value while continuing to
focus on what we do best -- making microphones with the best look and sound
in the world," said Skipper Wise, President and Co-founder of Blue. "From our
first meeting they demonstrated that they really understand our business and
were willing to roll-up their sleeves to help us grow the Company.
Ken Firtel, Managing Director at Transom Capital, said that the Blue
transaction was an excellent example of Transom Capital's business model in
practice.
"Blue is a Southern California, middle market company that can benefit
from our ability to partner with management teams and improve operational
efficiency through hands-on involvement with the company," Mr. Firtel said.
"Transom Capital will be getting operationally involved with Blue to add
value at all levels of the organization and enable the company to achieve its
potential."
Details of the transaction were not disclosed.
About Transom Capital
Transom Capital Group is a Los Angeles private equity firm focusing on
investments in the consumer, industrial, and media spaces. Transom's value
creation model is differentiated from other firms based on its high level of
operational involvement with its portfolio companies. For more information,
please visit www.transomcap.com.
About Blue Microphones
Blue Microphones is a leading manufacturer of high-end microphones for
the professional audio and consumer markets. Blue has an award-winning line
of studio microphones and accessories and is recognized as one of the top
brands in the industry. Recently, Blue has launched a new line of products
targeted at the consumer mass market, including a USB-connected microphone
called the Snowball and a smaller, portable version called the Snowflake. For
more information, please visit www.bluemic.com.
Contact:
Brian McConnon
mtech marketing communications
+1-610-480-8360
brian@mtechmarketing.com
Web site: http://www.transomcap.com
Source: Transom Capital Group
Brian McConnon of mtech marketing communications, +1-610-480-8360, brian@mtechmarketing.com, for Transom Capital Group
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