M&A Deal Summary

Lucid Audio Acquires Westone Laboratories

On June 22, 2020, Lucid Audio acquired consumer products company Westone Laboratories from HealthEdge Investment Partners

Acquisition Highlights
  • This is Lucid Audio’s 1st transaction in the Consumer Products sector.
  • This is Lucid Audio’s 1st transaction in the United States.
  • This is Lucid Audio’s 1st transaction in Colorado.

M&A Deal Summary
Date 2020-06-22
Target Westone Laboratories
Sector Consumer Products
Buyer(s) Lucid Audio
Sellers(s) HealthEdge Investment Partners
Deal Type Add-on Acquisition

Target

Westone Laboratories

Colorado Springs, Colorado, United States
Westone Laboratories, Inc. is a designer and manufacturer of high-quality hearing healthcare and in-ear audio solutions, with products ranging from hearing protection devices and audiology supplies to custom hearing aid earpieces and high-fidelity earphones. Westone Laboratories was founded in 1959 and is based in Colorado Springs, Colorado.

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Buyer(S) 1

Buyer

Lucid Audio

Fort Worth, Texas, United States
Category Company
Sector Consumer Products
DESCRIPTION

Lucid Audio LLC is a manufacturer of products span the range from infant and child protective HearMuffs with advanced comfort and control features, to AMPED® wireless audio devices with quality amplification of inside AND outside sounds, to personal sound amplification products that make hearing better accessible to everyone. Lucid Audio is based in Fort Worth, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

HealthEdge Investment Partners

Tampa, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

HealthEdge Investment Partners is an operating-oriented private equity firm that targets the healthcare industry. The firm pursues buyouts, recapitalizations or structured investments in healthcare companies with a strong market share. HealthEdge targets businesses with enterprise value ranging between $10 million and $100 million, and with revenues ranging between $5 million and $75 million. Moreover, the firm looks for companies with EBITDA near $15 million. The firm typically commits between $5 million to $20 million of capital per company. HealthEdge focuses on the healthcare segments that involve medical products, devices and equipment, healthcare services, healthcare IT, pharmaceutical, and distribution. HealthEdge Investment Partners was founded in 2005 and is based in Tampa, Florida.

DEAL STATS #
Overall 12 of 17
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 7 of 11
State (Colorado) 1 of 1
Country (United States) 12 of 17
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 Legacy-Xspire

Ridgeland, Mississippi, United States

Legacy-Xspire market and distribute niche branded and generic prescription products to physicians, pharmacies, wholesale distributors, and specialty pharmaceutical distributors across the United States. Legacy-Xspire’s product portfolio consists primarily of therapies for pain management and steroid-responsive disease states. Legacy-Xspire is based in Ridgeland, Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 SPNN

Sarasota, Florida, United States

SPNN is a nationwide nursing network that focuses on the therapy management of patients with rare, chronic disorders. SPNN professional staff consists of CRNI®, OCN®, IgCN®, PICC, and IV certified nurses who administer specialty pharmacy therapies to patients in the comfort of their home, physician offices, and ambulatory infusion centers (AIC). SPNN was founded in 2009 and is based in Sarasota, Florida.

Buy -
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