M&A Deal Summary

Biamp Systems Acquires Cambridge Sound Management

On December 20, 2018, Biamp Systems acquired technology hardware company Cambridge Sound Management from The Gladstone Companies and Boston Harbor Capital Partners

Acquisition Highlights
  • This is Biamp Systems’ 1st transaction in the Technology Hardware sector.
  • This is Biamp Systems’ 1st transaction in the United States.
  • This is Biamp Systems’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2018-12-20
Target Cambridge Sound Management
Sector Technology Hardware
Buyer(s) Biamp Systems
Sellers(s) The Gladstone Companies
Boston Harbor Capital Partners
Deal Type Add-on Acquisition

Target

Cambridge Sound Management

Waltham, Massachusetts, United States
Cambridge Sound Management, Inc. is a manufacturer of QtPro and Dynasound sound masking systems to help organizations across multiple industries protect speech privacy, reduce noise distractions, and fuel workplace productivity.

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Buyer(S) 1

Buyer

Biamp Systems

Beaverton, Oregon, United States
Category Company
Founded 1976
Sector Electronics
DESCRIPTION

Biamp Systems is a provider of commercial audio systems for business, education, and government facilities. Biamp Systems was founded in 1976 and is based in Beaverton, Oregon.

DEAL STATS #
Overall 1 of 4
Sector (Technology Hardware) 1 of 3
Type (Add-on Acquisition) 1 of 4
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 Audioprof Group International NV

Schoten, Belgium

Audioprof Group International NV is a manufacturer of a broad range of premium speakers targeting demanding indoor and outdoor applications including commercial, leisure, stadiums, and other large venues. Audioprof Group International is based in Schoten, Belgium.

Buy -

Seller(S) 2

SELLER

The Gladstone Companies

Investor Investor Investor Investor Investor

Category Lender
Founded 2001
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Gladstone Companies manages a series of publicly traded investment vehicles and looks to make debt and equity investments in US-based small to middle-market businesses. The Firm focuses on second lien debt, mezzanine debt, secured and unsecured subordinated loans, equity and real estate sale leasebacks. Target investments generally range from $5 to $30 million in companies with over $3 million in EBITDA. Target sectors include manufacturing, industrial products, business and government Services, media, communications, consumer products and services, healthcare services, transportation, specialty chemicals, and energy services. The Gladstone Companies was formed in 2001 and is based in McLean, Virginia.

DEAL STATS #
Overall 10 of 18
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 5 of 8
State (Massachusetts) 1 of 1
Country (United States) 10 of 18
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 LogoSportswear

Cheshire, Connecticut, United States

LogoSportswear, Inc. is an online provider of custom apparel to companies and teams. Logo Sportswear is differentiated by its breadth of premium merchandise, its quick-turn in-house production capabilities and its proprietary on-line designer. Logo Sportswear founded in 1995 and headquartered in Wallingford, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-26 ADC Aerospace

Buena Park, California, United States

ADC Aerospace is a die caster producing aluminum and zinc metal components for a diverse range of end markets such as commercial aerospace, industrial, defense, automotive aftermarket, and electronics. ADC Aerospace was formed in 1946 and is based in Buena Park, California.

Sell -
SELLER

Boston Harbor Capital Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Boston Harbor Capital Partners is a private equity firm focused on buyouts, growth investments in, and recapitalizations of lower middle-market companies. The Firm targets profitable companies ($2 to $10 million of EBITDA) with up to $100 million of revenue. Industries of interest include consumer products/services, internet software, e-commerce, healthcare, tech-enabled manufacturing, business services, digital marketing, and distribution. Boston Harbor Capital Partners was formed in 2008 and is based in Boston.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Cambridge Sound Management

Waltham, Massachusetts, United States

Cambridge Sound Management, Inc. is a manufacturer of QtPro and Dynasound sound masking systems to help organizations across multiple industries protect speech privacy, reduce noise distractions, and fuel workplace productivity.

Buy $20M
Mergr

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