M&A Deal Summary

Prophet Equity Acquires Altec Lansing Technologies

On December 2, 2009, private equity firm Prophet Equity acquired electronics company Altec Lansing Technologies from Poly for 16M USD

Acquisition Highlights
  • This is Prophet Equity’s 1st transaction in the Electronics sector.
  • This is Prophet Equity’s 2nd largest (disclosed) transaction.
  • This is Prophet Equity’s 2nd transaction in the United States.
  • This is Prophet Equity’s 1st transaction in Pennsylvania.
Investment Fate
  • Altec Lansing Technologies was sold to a strategic buyer in 2012.

M&A Deal Summary
Date 2009-12-02
Target Altec Lansing Technologies
Sector Electronics
Buyer(s) Prophet Equity
Sellers(s) Poly
Deal Type Divestiture
Deal Value 16M USD

Target

Altec Lansing Technologies

Milford, Pennsylvania, United States
Altec Lansing Technologies, Inc. designs, manufactures and markets digital powered audio systems, speakers and stereo headphones for use with computers and portable audio devices.

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Buyer(S) 1

Buyer

Prophet Equity

Southlake, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prophet Equity is a private investment group focused on partnering with owners and management to acquire and build companies. The Firm targets the lower middle-market, and generally pursues businesses with significant value creation potential, such as those found in partnerships, corporate carve-outs, divestitures and non-strategic businesses of larger companies. Prospective companies typically have revenue up to $500 million and are valued between $10 and $250 million. Sectors of interest include automotive, transportation, consumer products, aerospace/defense, distribution, financial services, healthcare, manufacturing, technology, and natural resources. Prophet Equity was founded in 2007 and is based in Southlake, Texas.

DEAL STATS #
Overall 2 of 18
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 3
State (Pennsylvania) 1 of 2
Country (United States) 2 of 18
Year (2009) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-29 Chief

Charlotte, North Carolina, United States

Chief Supply is a direct marketer and distributor of public safety equipment for small and medium sized police, fire, EMS and survey departments throughout the United States. Law Enforcement Supply is a leading distributor and installer of police supplies and vehicle equipment for police departments in the Southeast. The companies are headquartered in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-16 Coffman Stair Parts

Plano, Texas, United States

Coffman Stair Parts is a provider in the residential stair parts industry within the United States. Coffman Stair Parts is a one-stop-shop for residential, interior, and open stairway construction. Coffman Stair Parts was founded in 1874 and is based in Plano. Texas.

Buy -

Seller(S) 1

SELLER

Poly

Santa Cruz, California, United States
Category Company
Founded 1961
Sector Technology Hardware
Employees8,200
Revenue 1.7B USD (2021)
DESCRIPTION
Plantronics' corporate headquarters in Santa Cruz, California.
Plantronics' corporate headquarters in Santa Cruz, California.

Poly is a designer, manufacturer, and marketer of headsets and wireless communications products. Poly MeetingAI delivers a broadcast-quality video conferencing experience with Poly DirectorAI technology which uses artificial intelligence and machine learning to deliver real-time automatic transitions, framing, and tracking, while NoiseBlockAI and Acoustic Fence technologies block out unwanted background noise. Poly was founded in 1961 and is based in Santa Cruz, California.

DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-11 Altec Lansing Technologies

Milford, Pennsylvania, United States

Altec Lansing Technologies, Inc. designs, manufactures and markets digital powered audio systems, speakers and stereo headphones for use with computers and portable audio devices.

Buy $166M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-28 Polycom

San Jose, California, United States

Polycom, Inc. is a provider in open standards-based unified communications and collaboration (UC&C) solutions for voice and video collaboration. Polycom solutions are powered by the Polycom RealPresence Platform, comprehensive software infrastructure and rich APIs that interoperate with the broadest set of communication, business, mobile and cloud applications and devices to deliver secure face-to-face video collaboration in any environment. Polycom was formed in 1990 and is based in San Jose, California.

Buy $2.0B
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