COSTA MESA, Calif., Nov. 10, 2005 (PRIMEZONE) -- ShoreView Industries Inc. has acquired Martin Logan Ltd. Transaction terms were not disclosed.
RSM EquiCo Capital Markets, the broker-dealer subsidiary of RSM EquiCo, initiated the transaction, led the negotiations and acted as the exclusive financial advisor to Martin Logan.
"Martin Logan's cutting-edge technology will help ShoreView expand its presence in the high-performance audio market. Having recently acquired Paradigm Electronics Inc., this acquisition marks ShoreView's second transaction in the high-end home audio products industry this year," said Randy Krauthamer, senior managing director of RSM EquiCo Capital Markets.
About RSM EquiCo Inc.
RSM EquiCo (www.rsmequico.com) is a global provider of investment banking services, primarily to private companies with annual revenues of up to $500 million. The firm brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives. RSM EquiCo's financial resources, in-depth research capabilities, industry knowledge, banking expertise and ability to access national and international buyer pools on behalf of clients are unmatched in the North American midsized business arena.
RSM EquiCo is part of RSM McGladrey Inc., a business segment of H&R Block. RSM EquiCo is licensed by the SEC and all state securities authorities, and is a member of the NASD and SIPC.
The firm's international headquarters are located in Costa Mesa, California. It also has offices in Chicago, New York, Boston and London.
About Martin Logan Ltd.
Founded in 1982, Martin Logan Ltd. produces mid- to high-end speakers and subwoofers for the home audio market. The company's product line, sold under the Martin Logan(tm) brand name, is aimed at music lovers, audiophiles and home theater enthusiasts, and includes 14 hybrid electrostatic/dynamic speaker products and four subwoofers. Its products range in price from $600 to over $100,000 and are sold domestically and internationally through independent retailers and national chains, including Tweeter Home Entertainment Group and Magnolia Audio Video (a division of Best Buy).
Martin Logan's premier products have cutting-edge design, engineering and advanced materials that harness electrostatic technology to reproduce recorded sound at the highest level of quality. The result is a product line of upscale audio speakers and a company regarded by many industry experts as one of the top-quality speaker manufacturers in existence today.
About ShoreView Industries Inc.
ShoreView Industries Inc., based in Minneapolis, manages a $300 million private equity limited partnership. ShoreView invests this partnership in established, middle-market companies with operations in North America, across a wide range of industries. ShoreView structures a variety of acquisition, recapitalization and build-up transactions, typically in businesses with revenues ranging between $20 million and $150 million.