Graycliff Partners has provided subordinated debt and equity financing to Williams Sound. Financial terms weren’t announced. Eden Prairie, Minnesota-based Williams Sound designs, makes and markets wireless communication systems to improve the hearing and communication of individuals in groups or gatherings.
March 17, 2016 06:00 AM Eastern Daylight Time
NEW YORK–(BUSINESS WIRE)–Graycliff Partners, an independent investment firm focusing on middle market private equity and mezzanine investments, today announced it has provided subordinated debt and equity financing to Williams Sound, a leading provider of assistive listening systems. Graycliff’s investment in Williams Sound supports the recapitalization of the business to support growth opportunities.
Headquartered in Eden Prairie, MN, Williams Sound is an industry-leading designer, manufacturer, and marketer of professional wireless communication systems that are used to deliver sound and improve the hearing and communication ability of individuals in a variety of group or gathering situations. The company’s products are designed for those with hearing impairment in public assembly spaces as well as for all listeners in language interpretation and tours.
“The Williams Sound team has built a multi-faceted business with significant potential for continued growth. The company’s product breadth and dedicated workforce makes it poised to take advantage of attractive industry tailwinds,” said Andrew Trigg, Managing Director, Graycliff Partners. “Graycliff Partners is excited to work with William Sound’s management to support the company’s continued success.”
“Williams Sound is pleased and excited to work with Graycliff Partners and we are looking forward to achieving our aggressive future growth goals together,” said Paul Ingebrigtsen, President & CEO, Williams Sound.
About Graycliff Partners LP
Graycliff Partners is an independent investment firm focusing on middle market private equity and mezzanine investments in the United States and Latin America. Graycliff Partners LP is an SEC-registered investment advisor under the US Investment Advisors Act of 1940, as amended. Since 1991, the Graycliff Partners team, previously operating as HSBC Capital, has invested over $1 billion and completed over 80 transactions. With offices in New York and São Paulo, Graycliff Partners seeks to partner with companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, dividend recapitalizations, growth and expansion. For more information about Graycliff Partners visit www.graycliffpartners.com.