M&A Deal Summary

The Gladstone Companies and Boston Harbor Capital Partners Acquire Cambridge Sound Management

On October 1, 2014, lender The Gladstone Companies and private equity firm Boston Harbor Capital Partners acquired technology hardware company Cambridge Sound Management for 20M USD

Acquisition Highlights
  • This is The Gladstone Companies’ 1st and Boston Harbor Capital Partners’ 2nd transaction in the Technology Hardware sector.
  • This is The Gladstone Companies’ 2nd and Boston Harbor Capital Partners’ largest (disclosed) transaction.
  • This is The Gladstone Companies’ 17th and Boston Harbor Capital Partners’ 2nd transaction in the United States.
  • This is The Gladstone Companies’ 2nd and Boston Harbor Capital Partners’ 1st transaction in Massachusetts.
Investment Fate
  • Cambridge Sound Management was sold to a strategic buyer in 2018.

M&A Deal Summary

Date 2014-10-01
Target Cambridge Sound Management
Sector Technology Hardware
Buyer(s) The Gladstone Companies
Boston Harbor Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 20M USD

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) 2

Buyer

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 17 of 23
Sector (Technology Hardware) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 6 of 9
State (Massachusetts) 2 of 2
Country (United States) 17 of 23
Year (2014) 3 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-05 Edge Adhesives

Forth Worth, Texas, United States

Edge Adhesives is a developer and manufacturer of innovative adhesives, sealants, tapes, and related solutions used in building products, transportation, electrical, HVAC, and other markets. Edge Adhesives was founded in 1980 and is based in Forth Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-09 Circuitronics

Farmers Branch, Texas, United States

Circuitronics is a provider of a specialized printed circuit board assembly and related electronic manufacturing services. Circuitronics was founded in 1971 and is based in Farmers Branch, Texas.

Buy -
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 2 of 2
Sector (Technology Hardware) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-25 CognitiveTPG

Chicago, Illinois, United States

CognitiveTPG is a provider of high-performance point-of-sale transaction and barcode printers to the retail, banking, self-service kiosk, healthcare, hospitality, automotive service, and manufacturing/ logistics sectors. CognitiveTPG is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 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.

Sell -