Headwaters MB advised private equity firm CID Capital, on the sale of its portfolio company Westone, to HealthEdge Investment Partners.
Westone Laboratories, Inc. is a leading designer, manufacturer and distributor of custom in-ear communication and hearing protection products. The Company is a major supplier of custom earpieces for hearing aids, custom hearing protection products, in-ear musicians’ monitors, premium earphones for personal listening and specialty communication products for military and law enforcement agencies.
Speaking of Headwaters involvement Eric Bruun of CID Capital said “Headwaters did everything they said they would and more. We could not be happier – great work, great process, great outcome.”
Ian Cookson, Managing Director commented, “It is a privilege to work with teams the caliber of Westone, CID and HealthEdge and to play our part in helping to find the right partner for this next phase in Westone’s exciting development.”
About CID Capital: CID Capital is a lower-middle market private equity group that makes control investments in owner-operated/family-owned businesses that have shown a consistent track record of success. For more information, visit www.cidcap.com.
About HealthEdge: HealthEdge Investment Partners, LLC is an operations-oriented private equity firm that focuses exclusively on the healthcare industry. HealthEdge seeks to achieve superior returns by investing in businesses that benefit from the knowledge, experience, and network of relationships of its partners. For more information visit www.healthedgepartners.com.