SOUTHFIELD, Mich., May
29, 2018 /PRNewswire/ -- P&M Corporate Finance, LLC
("PMCF") is pleased to announce that it served as the exclusive
financial advisor to SoundCom Corporation ("SoundCom" or the
"Company") in a successful sale to AMETEK, Inc. ("AMETEK", NYSE:
AME).
SoundCom is a leader in the design, integration, installation,
and support of clinical workflow and communication systems for
healthcare facilities, educational institutions and
corporations. SoundCom is a recognized provider of
cutting-edge sound, video, and communications solutions for
businesses and institutions of nearly every size. SoundCom also
serves as a value-added reseller for AMETEK Rauland's
mission-critical healthcare communication workflow solutions in
Ohio and Michigan. SoundCom was a privately held
company and is headquartered in Cleveland, Ohio. It joins AMETEK as part of
its Electronic Instruments Group (EIG) -- a leader in advanced
analytical, monitoring, testing, calibrating and display
instruments with annualized sales of $2.9
billion.
AMETEK is a leading global manufacturer of electronic
instruments and electromechanical devices with annualized sales of
more than $4.7 billion. AMETEK's
Corporate Growth Plan is based on Four Key Strategies: Operational
Excellence, Strategic Acquisitions, Global & Market Expansion
and New Products. AMETEK's objective is double-digit percentage
growth in earnings per share over the business cycle and a superior
return on total capital. The common stock of AMETEK is a component
of the S&P 500 Index.
SoundCom selected PMCF's Business & Technology Services
Group, led by Matt Jamison and
Matt Rupprecht, to serve as the
exclusive financial advisor for the transaction. Commenting on the
transaction, Paul Fussner, President
of SoundCom, commented, "PMCF was heavily involved throughout each
phase of the transaction process. With significant senior banker
involvement, Matt and Matt led company positioning, transaction
strategy, and deal negotiation. We are very pleased we hired PMCF
for this transaction, and I would highly recommend PMCF to any
company considering a transaction."
About PMCF
PMCF is an award-winning middle market investment bank providing
global merger and acquisition advisory services to private, public,
and private equity owned companies. PMCF provides a broad
range of services including sale advisory, acquisition advisory,
capital raising, and strategic advisory. The firm has dedicated
industry teams providing services to the plastics and packaging,
medical technology, industrials, consumer & retail, and
business & technology services industries. PMCF has offices in
Chicago and Detroit and around the globe via its Corporate
Finance International associates. PMCF is an affiliate of
Plante Moran one of the nation's
largest professional services firms. For more information, visit
www.pmcf.com.
Matt Jamison
Managing Director, Business & Technology Services
248.223.3368
matt.jamison@pmcf.com
Matt Rupprecht
Vice President, Business & Technology Services
248.603.5210.
matt.rupprecht@pmcf.com
View original content with
multimedia:http://www.prnewswire.com/news-releases/pm-corporate-finance-pmcf-announces-the-sale-of-soundcom-corporation-to-ametek-inc-nyse-ame-300654662.html
SOURCE P&M Corporate Finance