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Transom Capital Group completes sale of Blue Microphones

Transom Capital Group has sold Baltic Latvian Universal Electronics (dba Blue Microphones) to The Riverside Company.  

Blue Microphones represents the first exit from Transom Capital Fund I.
Founded in 1995, Blue is a rapidly growing developer and marketer of premium quality microphones for professionals and consumers.  The company is the leader in the fast-growing digital USB and iOS microphone market as a result of its technologically innovative, design-forward microphones and brand credibility earned by serving demanding professional recording artists and engineers. 
"Blue is very special to us as it was the first investment, and now the first exit, out of our first fund.  We are thrilled with the outcome and the platform we helped create with the Blue team.  We helped usher Blue through a cycle of operational restructuring followed by rapid growth and are excited to see the heights that Blue will reach in the future," says Ken Firtel, managing director, Transom Capital Group.
"Over the past five years, Blue Microphones has launched a whirlwind of innovative new products and expanded distribution globally under the ownership of Transom Capital," says Blue Microphones chief executive John Maier. "The Transom team was always there when we needed them, but also empowered us to succeed on our own.  It was a great recipe for success, and I will always be grateful to them for their expertise and support."
Terms of the transaction have not been disclosed. Gary Rabishaw, Adam Abramowitz and Greg Passani from Intrepid Investment Bankers and Andrew Gross from Russ August & Kabat advised Transom Capital Group and Blue Microphones in the transaction.

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