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  6. Modern Technology Acquires Sound City

M&A Deal Summary

Modern Technology Acquires Sound City

On February 1, 2005, Modern Technology acquired retailer Sound City for 2M USD

Acquisition Highlights
  • This is Modern Technology’s 1st transaction in the Retail sector.
  • This is Modern Technology’s largest (disclosed) transaction.
  • This is Modern Technology’s 1st transaction in the United States.
  • This is Modern Technology’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2005-02-01
Target Sound City
Sector Retail
Buyer(s) Modern Technology
Deal Type Add-on Acquisition
Deal Value 2M USD

Target

Sound City

Towaco, New Jersey, United States
Sound City, Inc. is a consumer electronics retail company. It provides a wide range of custom home installations addressing numerous applications.

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Buyer(S) 1

Buyer

Modern Technology

Reno, Nevada, United States
Category Company
Founded 1982
Sector Business Services
Revenue 11M USD (2006)
DESCRIPTION

Modern Technology Corp. is a business development and acquisition company. It provides business infrastructure, substantial intellectual capital, strategic investments, and ongoing support and revenue growth assistance to each individual company.

DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1
Size (of disclosed) 1 of 1
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