APRIL 9 I TRANSOM CAPITAL, BLUE MICROPHONES I ACQUISITION
Transom Capital Acquires Blue Microphones
Transom Capital Group, a Los Angeles-based private equity firm, has completed the acquisition of Blue Microphones. Skipper Wise and Martins Saulespurens, the founders of the high-end microphone company, will retain ownership interest in Blue Microphones and continue building microphones following the closing of the transaction.
Russ Roenick, a managing director at Transom Capital, said that executives from Transom Capital and Blue Microphones have been working together to develop a strategic plan for the mic company. Details of the transaction were not disclosed.
“This transaction presents an excellent opportunity to work with the team at Blue to achieve the next stage of growth for the company,” 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.”
“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,” said Ken Firtel, another Transom Capital managing director. “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.”
Founded in 1995, Blue Microphones has become known for its sonic quality and design aesthetic. It has developed an award-winning line of studio microphones and accessories. Recently, Blue launched a new line of products, including a USB-connected microphone called the Snowball and a smaller, portable version called the Snowflake.
“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 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.”