Transaction Leverages Audio Hardware and Software Synergies
BOSTON July 29, 2021 — MediaBridge Capital Advisors announced today that it served as the exclusive investment banking advisor to Townsend Labs Inc., a Silicon Valley based pioneer in proprietary microphone modeling technology, in its asset purchase agreement with Universal Audio, Inc. (UA), a leading manufacturer of professional audio recording hardware and software.
The Townsend Labs Sphere L22 has established itself as a premier microphone modeling solution, which incorporates highly innovative hardware and software technology to bring to life the signature sound of over 30 of the world’s most revered microphones.
“The Sphere L22 microphone is the perfect platform for us,” said Bill Putnam, CEO of Universal Audio. “With UA’s expertise in modeling vintage audio gear, and Townsend’s industry-leading mic modeling technology, we’re poised to bring customers significant innovations in this fast-growing segment of the pro audio industry.”
Townsend Labs’ co-founders Chris Townsend and Erik Papp remarked: “The MediaBridge team was instrumental in the negotiation and execution of this transaction. Their deep knowledge of the audio technology sector and strategic advice guided Townsend Labs in its asset purchase agreement with UA, a long-time strategic partner and ideal buyer.”
Ethan Jacks, a Managing Partner of MediaBridge, noted: “We were delighted to represent Townsend Labs in this important transaction between two industry leaders. We look forward to seeing the results of this highly strategic combination.”