Exit Strategies Group Advises Parasound Products in Successful Sale

Exit Strategies Group, Inc. is pleased to announce that it recently served as exclusive M&A Advisor to San Francisco based high end audio manufacturer Parasound Products, Inc. on their successful acquisition by StarWarriors IV, a company controlled by David Sheriff, a serial entrepreneur with in manufacturing and supply chain management. Deal terms were not disclosed.

Founded in 1980, Parasound has a long history of designing, producing and selling exceptional-value high-end home audio components to the critical listener. Products include stereo and mono amplifiers, preamplifiers with DACs, integrated amplifiers with DACs, multi-channel amplifiers, and phono preamplifiers. Products are sold in more than 60 countries through a network of quality audio/video retailers and select custom installation specialists. Customers are home audio enthusiasts, residential and commercial custom installers, renowned recording-mixing and mastering engineers. Parasound has an undisputed reputation for sound performance, reliable craftsmanship, honesty, and extraordinary customer support. Its products win best-in-class awards in the most influential audiophile publications year after year.

StarWarriors IV, LLC is Limited Liability Company formed by serial entrepreneur David Sheriff to own and operate Parasound. David has extensive experience with supply chain management and automation implementation, along with a deep understanding of business finance and logistics. He has developed this expertise of fifteen years while serving as the head of a dynamic virtual company, where here worked with thousands of businesses on manufacturing and distribution implementations.

“Exit Strategies is incredibly pleased to have partnered with Richard and Jeanie Schram, owners of Parasound. Our process generated strong interest from multiple strategic acquirers and equity partners, and StarWarriors IV, LLC ultimately provided the best combination of economic terms and cultural and strategic fit” said Al Statz, President of Exit Strategies Group. “We are thrilled with the outcome for the Schrams and their team as they continue building on their success and drive this segment of the high end audio amplifier market forward. This acquisition illustrates Exit Strategies’ continued commitment to providing strategic valuation and M&A advisory services to U.S. audio manufacturers and audio technology companies.”

About Exit Strategies Group

Exit Strategies is a leading provider of strategic merger and acquisition advice/execution and business valuation services. Founded in 2002, with offices in San Francisco CA and Portland OR, the firm has advised on well over 100 M&A transactions. Exit Strategies represents closely-held and family-owned companies and helps them optimize results in a strategic sale or recapitalization. Its industry expertise spans all areas of industrial automation products and services and advanced manufacturing. For more information visit www.exitstrategiesgroup.com.

Al Statz is the founder and president of Exit Strategies Group. To discuss a potential business sale, merger or acquisition, confidentially, Al can be reached at 707-781-8580 or alstatz@exitstrategiesgroup.com.