M&A Deal Summary

Harman International Industries Acquires Yurbuds

On June 17, 2014, Harman International Industries acquired electronics company Yurbuds from Breakwater Management

Acquisition Highlights
  • This is Harman International Industries’ 5th transaction in the Electronics sector.
  • This is Harman International Industries’ 5th transaction in the United States.
  • This is Harman International Industries’ 1st transaction in Missouri.

M&A Deal Summary

Date 2014-06-17
Target Yurbuds
Sector Electronics
Buyer(s) Harman International Industries
Sellers(s) Breakwater Management
Deal Type Add-on Acquisition
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)

Target

Yurbuds

St Louis, Missouri, United States
Yurbuds is a seller of sport earphone company in the United States. The business sells its diversified range of products through a wide distribution network of large retailers such as Target and Walmart, consumer electronics stores like Apple, Best Buy and AT&T, and sporting goods retailers such as Dick’s Sporting Goods and Sports Authority.

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Buyer(S) 1

Buyer

Harman International Industries

Stamford, Connecticut, United States

Category Company
Founded 1980
Sector Electronics
Employees24,197
Revenue 6.9B USD (2016)
DESCRIPTION
Entrance to a Harman retail store in New York City.
Entrance to a Harman retail store in New York City.

Harman International Industries, Inc. is a designer, manufacturer and marketer of audio and infotainment products for the automotive, consumer and professional markets. Its brands include Harman Kardon, JBL, Revel, Mark Levinson, Infinity, Lexicon, Soundcraft-Studer, AKG, Becker and QNX. Harman International Industries, Inc. was formed in 1980 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 12 of 21
Sector (Electronics) 5 of 6
Type (Add-on Acquisition) 12 of 20
State (Missouri) 1 of 1
Country (United States) 5 of 9
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-21 AMX

Richardson, Texas, United States

AMX LLC provides hardware and software solutions that simplify the implementation, maintenance, and use of technology. AMX was formed in 1982 and is based in Richardson, Texas.

Buy $365M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-22 Symphony Teleca

Mountain View, California, United States

Symphony Teleca Corp. is a software services company. Symphony Teleca provides software engineering and integration services that help businesses rapidly design and develop products and technologies at the convergence of device, sensors, cloud and data.

Buy $780M

Seller(S) 1

DESCRIPTION

Breakwater Investment Management is a private investment firm focused on providing loans and growth capital financing to owner-entrepreneurs and sponsor-backed businesses in the lower middle-market. The Firm looks to invest at least $20 million in profitable companies (> $5 million of EBITDA) throughout the US and Canada. Breakwater Investment Management was formed in 2009 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 3 of 10
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 1 of 6
State (Missouri) 1 of 1
Country (United States) 3 of 10
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Alpha Media

Portland, Oregon, United States

Alpha Media is a diverse multimedia company sharing your favorite music, sports, and news across a variety of platforms. Alpha Media is an owner and operator of radio stations across the U.S. covering all formats. Alpha Media currently owns over 130 radio stations and remains active in the pursuit of additional acquisition targets. Alpha Media was founded in 2009 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Consensus Orthopedics

El Dorado Hills, California, United States

Consensus Orthopedics designs, manufactures and distributes high-quality reconstructive total joint implants for the hip and knee. Consensus Orthopedics sells its products throughout North America, Western Europe, Turkey, China, Japan, and Australia. Consensus Orthopedics was founded in 1992 and is based in El Dorado Hills, California.

Buy -