Minneapolis, MN (April 11, 2016)—Williams Sound has gained subordinated debt and equity financing from Graycliff Partners, an independent investment firm focusing on middle market private equity and mezzanine investments. The aim of the investment is to recapitalize the business to support growth.
“The Williams Sound team has built a multi-faceted business with significant potential for continued growth. The company’s product breadth and dedicated workforce makes it poised to take advantage of attractive industry tailwinds,” said Andrew Trigg, managing director, Graycliff Partners. “Graycliff Partners is excited to work with William Sound’s management to support the company’s continued success.”
Said Paul Ingebrigtsen, president and CEO, Williams Sound, “Williams Sound is pleased and excited to work with Graycliff Partners and we are looking forward to achieving our aggressive future growth goals together.”
Williams Sound products are used in markets such as hearing assistance, language interpretation, tour, corporate, education, government and house of worship. These systems include Hearing HotSpot Live Audio via Wi-Fi, Digi-Loop Induction Loop, Digi-Wave Digital Communication, Personal PA FM Listening, Portable Hearing Assistance Tour Guide and SoundPlus Infrared.