Riverside Company on Tuesday announced the acquisition of Blue Microphones, which manufactures microphones, through a funding from the US Bank. Jones Day and Deloitte participated in the transaction as Riverside's advisors. However, financial details of the transaction were not disclosed.
Loren Schlachet, managing partner of Riverside, said that Blue Microphones has been favored by pros and consumers alike as their products of choice when it comes to high-performance microphones.
"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," she said.
Riverside officials said they hope to leverage on the brand recall, good management team and proven track record in the industry in order to accelerate market expansion for Blue. Prior to the sale, Blue is slowly shifting to supplying customer's digital microphone field requirements.
Blue Microphones CEO John Maier said they feel that Riverside is the perfect partner in achieving the goals they set up for themselves.
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