Soundcom Systems has been acquired by AMETEK
Southfield – CFI USA ( P&M Corporate Finance LLC) is pleased to announce that it served as the exclusive financial advisor to SoundCom Corporation (“SoundCom” or the “Company”) in a successful sale to AMETEK, Inc. (“AMETEK”, NYSE:AME).
SoundCom is a leader in the design, integration, installation, and support of clinical workflow and communication systems for healthcare facilities, educational institutions and corporations. SoundCom is a recognized provider of cutting-edge sound, video, and communications solutions for businesses and institutions of nearly every size. SoundCom also serves as a value-added reseller for AMETEK Rauland’s mission-critical healthcare communication workflow solutions in Ohio and Michigan. SoundCom was a privately held company and is headquartered in Cleveland, Ohio. It joins AMETEK as part of its Electronic Instruments Group (EIG) — a leader in advanced analytical, monitoring, testing, calibrating and display instruments with annualized sales of $2.9 billion.
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annualized sales of more than $4.7 billion. AMETEK’s Corporate Growth Plan is based on Four Key Strategies: Operational Excellence, Strategic Acquisitions, Global & Market Expansion and New Products. AMETEK’s objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. The common stock of AMETEK is a component of the S&P 500 Index.
SoundCom selected Matt Jamison and Matt Rupprecht’s Business & Technology Services Group, to serve as the exclusive financial advisor for the transaction. Commenting on the transaction, Paul Fussner, President of SoundCom, commented, “Their team was heavily involved throughout each phase of the transaction process. With significant senior banker involvement, Matt and Matt led company positioning, transaction strategy, and deal negotiation. We are very pleased we hired them for this transaction, and I would highly recommend them to any company considering a transaction.”
The transaction closed on 9 April 2018.
The testimonials may not be representative of the experience of other clients and are no guarantee of future performance or success.
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