TeachLogic Has Been Acquired by Williams AV, a Portfolio Company of Graycliff Partners
23.07.2024
HOUSTON, TEXAS (July 22, 2024) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce the sale of TeachLogic LLC (“TeachLogic” and/or the “Company”) to Williams AV, LLC (“Williams AV”), a portfolio company of Graycliff Partners. Statesman served as the exclusive financial advisor to TeachLogic on this transaction, which closed on July 3rd, 2024.
Founded in 1994 and based in Longmont, Colorado, TeachLogic is an established provider of classroom instructional audio systems for K-12 schools. TeachLogic continues its mission by developing best-in-class products that directly reinforce the teacher’s voice and all instructional audio sources in the learning environment.
“Statesman grasped our situation flawlessly and executed a comprehensive marketing process. In the end, we identified an excellent strategic fit with Williams AV.” said Cody Sutherland, President and Co-Owner of TeachLogic. “Despite an aggressive closing timeline, Statesman guided us to a successful close with professional expertise and meticulous attention to detail. We are delighted with the outcome and deeply grateful for their efforts throughout the process.”
TeachLogic’s products complement Williams AV’s assistive communication portfolio and mission to empower connections and create inclusive spaces.
“The acquisition aligns perfectly with Williams AV’s strategic objectives,” said Brad Kautzer, President and CEO of Williams AV. “Both companies are passionate about creating inclusive spaces with intelligible audio. This underscores our commitment to growth and innovation. We look forward to expanding our footprint in the education market with TeachLogic products in the U.S. and internationally.”
About the other transaction participants
Statesman Corporate Finance, LLC (Houston & Austin, TX) is the FINRA-licensed broker-dealer affiliate of Statesman Business Advisors, LLC. With offices in Houston and Austin, Texas, Statesman is a leading middle-market investment banking firm providing merger and acquisition, capital formation, valuation, and other general corporate financial advisory services to middle-market companies. The Statesman team advising on this engagement included Directors Jim Briggs and Peter Chiu, Vice President Philip Rodriguez, and Sam Cancienne, Associate.
Graycliff Partners (New York, NY) founded in 1991 and focused on investing in lower middle market companies for three decades, the Graycliff Partners team previously operated as the U.S. Private Equity division of HSBC. In 2011, the investment team spun off to form Graycliff Partners, an independent investment firm. Today, they manage over $1 Billion in investments. They’ve completed more than 100 transactions and have a proven track record of generating strong results for our valued shareholders and founders. While no two situations are the same, our investment focus remains unchanged: lower middle market companies primarily in the U.S., typically in niche manufacturing, value-added distribution, and industrial services.
Williams AV (Eden Prairie, MN) is a pioneer in designing and manufacturing professional and consumer assistive communication technology. Since 1976, the company has been breaking down communication barriers with innovative technology that enhances intelligibility and fosters meaningful connections. Williams AV’s comprehensive product portfolio includes assistive listening, interpretation, intercom, guided tours, and entertainment offers, reflecting a commitment to creating seamless and inclusive communication experiences. Williams AV is synonymous with innovation, quality, and services, supported by a global network of distributors and integrators in over 60 countries.
Lars Fuller P.C (Denver, CO) provided legal counsel TeachLogic led by Lars Fuller.
Troutman Pepper Hamilton Sanders LLP (Atlanta, GA) provided legal counsel to Williams AV and Graycliff Partners.
