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New Deal


Announced

Solotech to acquire Morris Light & Sound.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

audio

Private

Cross Border

Single Bidder

audio visual equipment

Majority

lighting

Electronic Components and Equipment

Pending

Friendly

Acquisition

Synopsis

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Solotech, an audiovisual and entertainment technology firm, agreed to acquire Morris Light & Sound, an audiovisual equipment firm. Financial terms were not disclosed. "The Morris Light & Sound and InteRise brands will be strong additions to the Solotech family, perfectly complementing our corporate goals and expanding our capabilities as well as our footprint in the United States. With this acquisition, the increased reach of Solotech as a leader in audiovisual and entertainment technology will reinforce our positioning as an industry innovator," Martin Tremblay, Solotech President and CEO.

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