Riverside purchases Blue Microphones - Audio Media International

Riverside purchases Blue Microphones

Riverside purchases Blue Microphones
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The Riverside Company has acquired Blue Microphones, of Westlake Village, California.

“Blue Microphones is favoured by pros and consumers alike,” said Riverside Managing Partner Loren Schlachet. “Their products are outstanding, and meet a range of requirements for end users needing virtually any type of microphone. We’re really excited to invest in this company.”

Riverside plans to help the company expand globally while deepening its share in all markets, in addition to developing new products.

“Over the past five years, Blue Microphones has launched a whirlwind of innovative new products and expanded distribution globally,” said Blue Microphones CEO John Maier. “Looking forward, Riverside is the ideal partner for Blue to achieve our ambitious expansion goals, both internationally and into new market segments, and I could not be happier to be joining such an accomplished team.”

“Blue has achieved rapid growth in revenue and market share, and we expect to be able to accelerate that growth,” said Riverside Principal Brian Sauer. “The company has a solid management team and a track record of quality and innovation. We’re looking forward to recording the next chapter in their successful history.”

Associate Elaine Ho and Operating Executive – Finance Kim Katzenberger worked with Schlachet and Sauer on the transaction for Riverside. Regional Director, Origination Jeremy Holland originated the deal for Riverside. Riverside Operating Partner and Managing Director Brian Bunker helped perform due diligence on the transaction.

US Bank provided the financing and Jones Day and Deloitte advised Riverside on the investment. Intrepid Investment Bankers, Russ August & Kabat, and Greenberg, Glusker, Fields, Claman & Machtinger advised Blue Microphones in the transaction.

www.riversidecompany.com

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