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Sent: Monday, October 05, 2009 11:37 AM
To:
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Subject: Acquisition Announcement
October 2009 ACQUISITION ANNOUNCEMENT
The Company:
The Company is a manufacturer of high-performance audio products, including amplifiers, speakers, and accessories. With a well-known and respected brand name, it primarily serves the 12 Volt audio aftermarket.
The Deal:
Buyer acquired a platform business in this industry in November 2006 as a manufacturer and distributor of branded audio accessories and consumer electronics integration devices to the automotive aftermarket. This acquisition expands product offerings into the amplifier and speaker segments while enhancing its product development and engineering capabilities. Buyer will continue to work with management to execute a growth strategy focused on new product introductions and penetration of new and existing channels.
Buyer Investment Criteria:
This buyer invests over $2.4 billion of equity capital in control acquisitions of small cap and lower-middle market companies across a wide range of industries. They look to acquire companies in which sound strategy and superior execution can enhance revenue and cash flow and create equity value. These companies generally have some or all of the following characteristics: the potential to achieve scale through add-on acquisitions, the potential and/or need for global presence, the need for operational improvement, the need to supplement the existing management team, and the need for strategic refinement or redirection.
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