M&A Deal Summary

Emmis Acquires Lencore Acoustics - Sound Masking Business

On March 11, 2020, Emmis acquired technology hardware company Lencore Acoustics - Sound Masking Business from Lencore Acoustics

Acquisition Highlights
  • This is Emmis’ 1st transaction in the Technology Hardware sector.
  • This is Emmis’ 3rd transaction in the United States.
  • This is Emmis’ 1st transaction in New York.

M&A Deal Summary

Date 2020-03-11
Target Lencore Acoustics - Sound Masking Business
Sector Technology Hardware
Buyer(s) Emmis
Sellers(s) Lencore Acoustics
Deal Type Divestiture

Target

Lencore Acoustics - Sound Masking Business

Woodbury, New York, United States
Lencore Acoustics Corp.'s Sound Masking Business provides sound masking solutions for offices and other commercial applications.

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Buyer(S) 1

Buyer

Emmis

Indianapolis, Indiana, United States

Category Company
Founded 1980
Sector Media
Employees234
Revenue 40M USD (2020)
DESCRIPTION
Entrance to Emmis Communications' corporate headquarters in Indianapolis, Indiana.
Entrance to Emmis Communications' corporate headquarters in Indianapolis, Indiana.

Emmis is a diversified media company, principally focused on radio broadcasting. Emmis owns radio stations in New York, Los Angeles, St. Louis, Austin, Indianapolis and Terre Haute. Emmis also develops and licenses TagStation, a cloud-based software platform that allows a broadcaster to manage album art, meta data and enhanced advertising on its various broadcasts, and developed NextRadio, a smartphone application that marries over-the-air FM radio broadcasts with visual and interactive features on smartphones. In addition to radio properties, Emmis publishes several city and regional magazines. Emmis was incorporated in 1980 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 3 of 3
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 Emmis Austin Radio Broadcasting Co.

Austin, Texas, United States

Emmis Austin Radio Broadcasting Co. LP operates six Austin radio stations and two FM translators in Austin, Texas.

Sell -

Seller(S) 1

SELLER

Lencore Acoustics

Woodbury, New York, United States

Category Company
Founded 1990
Sector Technology Hardware
Employees33
DESCRIPTION

Lencore Acoustics Corp. is a provider in engineered system solutions for Sound Masking, Paging & Audio, and Mass Notification and Emergency Communications (MNEC) applications. Lencore Acoustics was established in 1990 and is based in Woodbury, New York.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1