Dallas, TX, November 04, 2010 --(PR.com
)-- The Transition Companies LLC is pleased to announce the sale and subsequent recapitalization of Sound Perfection, Inc. with and into SP Technologies LLC. TTC acted as Sound Perfection Inc.’s sole financial and M&A advisor for this transaction. The transaction closed in early October 2010 and has already begun operations as SP Technologies LLC.
“We opened the market for potential partners starting with a targeted List of 735 possible suitors. Our client was able to thoroughly explore the market to make the best informed decision,” commented Gene Sartin, President and CEO of The Transition Companies, LLC.
Sound Perfection Inc. (the “Company” or “Sound Perfection”) is an award winning and well recognized structured wiring and home theater entertainment company that specializes in full system design, installation and maintenance of home audio, video, central vacuum and security systems. Founded in 1996 and employing approximately 50 people, Sound Perfection has 2 locations; one in Frisco, Texas and the other in a Houston, Texas suburb.
“This recapitalization will help lever the Company with additional resources and access to new markets to expand our growth beyond our current plans and expectations,” said Tamme Harty, President and CEO of Sound Perfection Inc.
Guy Thomas, CEO of SP Technologies LLC said: “SP Technologies LLC will include, incorporate and build on Sound Perfection’s existing platform to grow into new geographic and vertical markets. We’re eager and excited to take the Company to the next level.”
The Transition Companies LLC , headquartered in Dallas, Texas is a leading Mergers and Acquisition ("M&A") firm specializing in confidentially opening the market to maximize the value realized by the owners when selling their privately-held companies. TTC also provides business optimization consulting services for companies that want to increase earnings now or increase market value for a future sale. Tracing it roots back to 1988, TTC has offices in Texas, New Jersey, California, Colorado and Ontario, Canada.