Mark IV

Mark IV

Cetec Corporation, a publicly held company on the American Stock Exchange with annual revenues of US$35 million is based in El Monte, California. The company is engaged in the development and manufacturing of wireless microphones, audio amplifiers, and mixing equipment, marine electronics, plastics molding and automotive parts refurbishing.

Mark IV lndustries, Inc., is a diversified publicly traded company headquartered in Amherst, New York with annual revenues of approximately US$1,550 million. Its Electro- Voice subsidiary is a multinational developer and distributor of professional microphones, audio speakers and audio electronics equipment. The acquisition of Cetec Corporation provides Electro-Voice both a well-regarded wireless microphone product line and a complementary line of audio electronics.

OEM Capital identified Cetec Corporation’s audio business as an excellent strategic fit for EV and was asked by Mark IV lndustries, Inc. to assist it in the purchase of Cetec Corporation.

OEM Capital approached Cetec Corporation and introduced Mark IV lndustries, Inc. as a serious purchaser of the company. When Cetec Corporation chose instead to sell to a private equity group at a higher price, we advised Mark IV lndustries, Inc. on a program that was ultimately successful in its purchasing the shares of Cetec Corporation.

Our success with Mark IV lndustries, 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.