Transaction Demonstrates Market Leadership Through Market Expansion
BOSTON February 9, 2022 — MediaBridge Capital Advisors today announced that it served as the exclusive investment advisor to Audix Corporation, a leading manufacturer of professional microphones and headphones that address the Professional Audio and Installed Sound markets, in its sale to The Vitec Group plc, a global provider of premium-branded hardware products and software solutions to the professional media and growing content creation market, for up to $54.3 million in cash, including retention, transaction and financing costs.
For over 38 years, Audix, headquartered in Wilsonville Oregon, has designed and manufactured award-winning microphones that are known for excellent sound, build quality and versatility. Audix is one of the few microphone companies worldwide that produces a comprehensive range of wired and wireless microphones including vocal and instrumental microphones for recording and live sound, as well as a range of microphone solutions for business, educational, government and telemedicine users. Audix products have been endorsed by leading artists, have received numerous industry awards and are the preferred solution for many leading systems integrators, consultants, and contractors.
Audix products are designed and manufactured in the Company’s facility in Wilsonville, Oregon. Audix is passionate about innovation through advanced design and manufacturing techniques and processes. Having R&D and manufacturing under one roof enables Audix to develop and streamline new products from concept to prototype to production rapidly and efficiently. Audix has a substantial Intellectual Property portfolio including patents, trademarks and trade secrets.
Audix ownership remarked, “It has been an incredible journey to build Audix over the last 38 years into the world-class manufacturing operation and high-quality brand that it is today. Vitec Group’s global sales and marketing presence combined with their other resources will help us immensely, and the resulting scale will allow us to significantly expand our offerings.”
They further noted, “The MediaBridge team played an essential role in the execution of this transaction. They helped manage the complex acquisition process through a challenging time, and we are very appreciative of their experience and advice throughout the transaction.” Martin Green, CFO of Vitec Group, added, “MediaBridge are experts in the Pro Audio and Video marketplaces. They are quite successful in matching companies with highly complementary products, capabilities, and teams.”
Courtney Spencer, John Bowen and Ethan Jacks, Managing Partners of MediaBridge, remarked, “Early in the process we identified the potential synergies between these two well-respected companies, each of which is known for top quality products in their respective market segments. As they engaged with each other, the principals quickly recognized their shared values and the many potential benefits and synergies that joining forces would create. We see a very bright future for them.”,/p>