Williams Sound, a portfolio company of Cardinal Equity Partners, has been acquired by Graycliff Partners
Prestwick is pleased to announce the sale of Williams Sound, LLC to Graycliff Partners. Prestwick acted as the exclusive advisor to Williams Sound and its private equity shareholder, Cardinal Equity Partners. The terms of the transaction were not disclosed.
Williams Sound is a leading designer, manufacturer, and marketer of professional wireless communication systems that are used to deliver sound and improve the hearing and/or communicating ability of individuals in a variety of group or gathering situations. The Company has developed a full range of proprietary, branded solutions primarily utilized in hearing assistance, language interpretation, two-way communication, and tour guide applications that span multiple end markets, including corporate, education, government, entertainment, and healthcare. Williams Sound is recognized globally as a leader within its niche due to its prominent brand, track record of developing on-trend products, and global manufacturing supply chain.
Cardinal Equity Partners (“CEP”) is a leading private equity group based in Indianapolis, Indiana. Since 1993, the principals of CEP have been acquiring and growing businesses with a long-term mission of creating value by partnering with exceptional management teams in niche manufacturing, value-added distribution, consumer products, and service companies.
Graycliff Partners is an independent investment firm focusing on middle-market private equity and mezzanine investments in the United States and Latin America. 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, the firm seeks to partner with companies led by strong, entrepreneurial management teams, providing capital for acquisitions, buyouts, recapitalizations, growth, and expansion.