Intrepid Investment Bankers was the exclusive financial advisor to Blue Microphones in its recent sale to The Riverside Company. Blue Microphones is a manufacturer of consumer and professional microphones and recording tools and was a portfolio company of Transom Capital.
“The team at Intrepid brought a thorough understanding of the dynamic and fast-paced nature of our industry and was able to identify the perfect partner in Riverside to take Blue to the next level. We are very excited about where this partnership will take Blue in the future,” said John Maier, CEO of Blue Microphones.
Working on this transaction for Intrepid were Gary Rabishaw, Managing Director; Adam Abramowitz, Vice President; and Greg Passani, Analyst. “Working with the high caliber leadership teams at Blue and Transom has been very rewarding. The sale of Blue adds another leading brand to our roster of successful transactions in the consumer electronics industry,” said Mr. Rabishaw.
Blue Microphones designs and produces microphones, recording tools, signal processors, and music accessories for audio professionals, musicians and consumers. Along with studio microphones, Blue sells a line of consumer USB microphones, such as the Yeti – the first THX certified microphone, and Mikey – the first High Definition microphone designed for use with the iPod. The company was founded in 1995 by Skipper Wise, a musician, and Martins Saulespurens, a recording engineer. Transom acquired Blue from the founders in April 2008. Blue Microphones is headquartered in Westlake Village, CA (www.bluemic.com).
“Blue is very special to us as it was the first investment in our current fund and is a special company with a top-notch management team,” said Russ Roenick, Managing Director, Transom Capital Group.
Intrepid is a mergers and acquisitions and corporate finance advisory firm focused on the middle-market. Intrepid was founded in 2010 by the former principals of Barrington Associates. The firm’s services include M&A advisory, equity and debt capital raising and providing strategic advice in complex securities transactions. Intrepid focuses on the middle market corporate finance needs of entrepreneur and family-owned businesses, private equity sponsors and major corporations. The firm is based in Los Angeles (www.intrepidib.com).
“We appreciated Intrepid’s valuable guidance and hands-on approach throughout the process, which led to a great outcome for us and management,” said Ken Firtel, Managing Director, Transom Capital Group.
Transom Capital Group invests in buyouts and turnarounds of companies with EBITDAs from $0 (turnaround situations) to $10 million. Sectors of interest include consumer products, media & entertainment, and industrial. The firm is based in Los Angeles (www.transomcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-24-13
