Skipper Wise (left) and Martins Saulespurans of Blue Mics.Los Angeles, CA (April 3, 2008)--Transom Capital Group has completed the acquisition of Blue Microphones, a manufacturer of high-end microphones for the professional audio and consumer markets.
Skipper Wise and Martins Saulespurens, who founded the company in 1995, will retain an ownership interest in Blue and continue with the company. Financial details of the transaction were not disclosed.
Russ Roenick, managing director at Transom Capital, said that executives from Transom Capital and Blue have already been working together to develop a strategic plan for the company and that Blue will be moving quickly to execute against key opportunities in the coming months. "This transaction presents an excellent opportunity to work with the team at Blue to achieve the next stage of growth for the company," Mr. Roenick said. "Blue has the top brand in the space, and relationships with major retailers and artists based on its history of design, innovation and great products. The company has several extremely compelling growth opportunities."
"We chose Transom as our acquisition partner because they provide the operational expertise that will allow us to create value while continuing to focus on what we do best--making microphones with the best look and sound in the world," said Skipper Wise, president and co-founder of Blue. "From our first meeting, they demonstrated that they really understand our business and were willing to roll up their sleeves to help us grow the company.
Ken Firtel, managing director at Transom Capital, said that the Blue transaction was an excellent example of Transom Capital's business model in practice. "Blue is a Southern California, middle market company that can benefit from our ability to partner with management teams and improve operational efficiency through hands-on involvement with the company," Mr. Firtel said. "Transom Capital will be getting operationally involved with Blue to add value at all levels of the organization and enable the company to achieve its potential."