Intrepid today announced the sale of Baltic Latvian Universal Electronics, LLC (dba Blue Microphones), a portfolio company of Transom Capital Group, to The Riverside Company. Intrepid initiated the transaction, assisted in the negotiations and served as exclusive financial advisor to Blue Microphones.
Founded in 1995, Blue is an award winning innovator in microphone technology and design for professionals and consumers. The Company is a leader in the fast-growing digital USB and iOS microphone market as a result of its technologically innovative, design-forward microphones and brand credibility earned by serving demanding professional recording artists and engineers. With its proven ability to deliver products for a diverse array of recording applications, Blue is uniquely positioned at the forefront of an unprecedented convergence of professional and consumer content creation.
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued up to $250 million. Since its founding in 1988, Riverside has invested in more than 300 companies. The firm’s international portfolio includes more than 75 companies.
“The team at Intrepid brought a thorough understanding of the dynamic and fast-paced nature of our industry and was able to identify the perfect partner in Riverside to take Blue to the next level. We are very excited about where this partnership will take Blue in the future,” said John Maier, CEO of Blue Microphones.
“Blue is very special to us as it was the first investment in our current fund and is a special company with a top-notch management team,” added Russ Roenick, Managing Director, Transom Capital Group. “We appreciated Intrepid’s valuable guidance and hands-on approach throughout the process, which led to a great outcome for us and management. We are confident Blue will continue to thrive under John’s and Riverside’s leadership,” continued Ken Firtel, Managing Director, Transom Capital Group.
“Working with the high caliber leadership teams at Blue and Transom has been very rewarding. The sale of Blue adds another leading brand to our roster of successful transactions in the consumer electronics industry,” said Gary Rabishaw, Managing Director, Intrepid. “We were pleased to advise Transom and help deliver an exceptional result. We look forward to watching management and Riverside take Blue to the next level,” said Adam Abramowitz, Vice President, Intrepid.
Deal Team Contacts
- Gary Rabishaw, Managing Director and Co-Head of Commercial & Consumer Technology
- Adam Abramowitz, Managing Director and Co-Head of Commercial & Consumer Technology
About Intrepid Investment Bankers
Intrepid Investment Bankers provides M&A, capital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage, rooted in our founders’ successful 35-year history, breeds a culture that embraces teamwork, tenacity and creativity to win big for our clients. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning of the client’s story and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through active membership in M&A International, an exclusive global alliance of M&A advisory firms.