Acrodyne

Acrodyne

OEM Capital managed the sale process of Acrodyne Industries, Inc. of Plymouth Meeting, Pennsylvania , a closely held company, to Acrodyne Holdings, Inc., a wholly owned subsidiary of a publicly traded corporation without operations. OEM Capital was retained to develop and execute a strategy to assist the selling shareholders in maximizing the value of their holdings.

Acrodyne Industries, Inc. designs and manufactures low and medium power UHF and VHF television broadcast exciters and transmitters for sale directly to television stations in the US and abroad. It had been purchased by its shareholders from Whittaker Corporation, a publicly traded corporation, several years before. Acrodyne Industries, Inc. enjoyed an enviable reputation for responsive service and products that met the most demanding performance requirements in a cost efficient manner.

Acrodyne Holdings, Inc. was able to use its contemplated purchase and the prospects of substantial revenue opportunity of analog to digital television conversion to secure financing for the purchase price and working capital from an underwritten public offering.

As a result of OEM Capital’s efforts, the selling shareholders were able to realize a substantial premium over their original purchase price in an all cash transaction.

Our success with Acrodyne Industries, Inc. illustrates that, whether a business is healthy, under performing or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.