Blue founders, Skipper Wise and Martins Saulespurens, (pictured left and right accordingly) will retain an ownership interest in the Company and continue building and designing microphones following the closing of the transaction, the full details of which were not disclosed.
Russ Roenick, joint managing director at Transom Capital, said that executives from Transom Capital and Blue have already been working together to develop a strategic plan for the Company and that Blue will be moving quickly to execute against key opportunities in the coming months.
"This transaction presents an excellent opportunity to work with the team at Blue to achieve the next stage of growth for the company," added Roenick. "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."
"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," explained Skipper Wise, president and co-founder of Blue.Article continues below
"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.
The Blue transaction was also cited as an excellent example of Transom Capitals business model in practics, by joint managing director Ken Firtel.
"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," explained Firtel. "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."