Capstone Headwaters advised the shareholders of Lencore Acoustics on the sale of the Sound Masking Business to Emmis Communications Corporation (Nasdaq: EMMS).
Sound Masking technology introduces barely perceptible background sound into a space to make environments more comfortable, ensure speech privacy, and increase workplace productivity. Lencore dominates large enterprise professional and Fortune 500 markets.
Emmis Communications Corporation (Nasdaq: EMMS) currently owns 4 FM and 2 AM radio stations in New York and Indianapolis, as well as Indianapolis Monthly magazine. Emmis also owns a controlling interest in Digonex, which provides dynamic pricing solutions across multiple industries.
Ian Cookson, Managing Director at Capstone Headwaters, said
“The transaction is another illustration of how increasingly critical technologies which manage sound are becoming in our daily lives”
Jonathan Leonard, Principal at Lencore Acoustics, commented
“I was blown away by the work of the Capstone Headwaters team from start to finish and so appreciate all they did in creating this outcome.”