December 2012 marked one of the busiest months for U.S. M&A activity in recent memory, and the audiology industry made its fair share of contributions. Last summer, we released our mid-year M&A report for the industry predicting that total deal volume for the year would be $60-75 million. We will revise that number upward in this report, because
at least $30 million worth of transactions took place in December alone.
We now believe 2012 accounted for approximately $100 million in transaction volume. Our estimates consider only the acquisition of privately owned audiology or hearing aid dispensing practices in the United States and do not measure transactions involving other entities within the industry. Furthermore, this figure only measure deals initiated in 2012. Many deals involve deferred payments, and millions of dollars were spent covering obligations incurred from transactions that closed in previous years; however, in order to accurately assess deal volume for a given year, only transactions closed in that year can be measured. Continue reading
January 3, 2013
For Immediate Release
Bridge Ventures announced today that it assisted in three transactions that closed on December 31, 2012. This marked four deals for Bridge in month of December, bringing an already successful 2012 to a strong finish.
Bridge represented the sellers on an exclusive basis in all three transactions, which involved companies in the audiology and hearing aid industry located in Illinois, Texas, and Colorado. Each deal involved the acquisition of a privately owned, local or regional company by a large, national provider in the same industry. At the request of the parties involved, specific company names have been withheld.
Like most of Bridge’s clients, these companies operate in a rapidly consolidating industry. Bridge’s experience with consolidating sectors and its extensive industry contacts allowed it to attract multiple qualified and well-capitalized buyers.
Craig A. Castelli, Managing Director of Bridge’s Chicago office, led all three transactions. Continue reading
December 17, 2012
For Immediate Release
Bridge Ventures announced today that it assisted in the sale of a private hearing aid company based in West Virginia to a strategic buyer within the industry. Bridge represented the seller on an exclusive basis in the transaction. At the request of the parties involved, specific company names have been withheld. The transaction closed on December 14, 2012.
Craig A. Castelli, Managing Director of Bridge Ventures, led the transaction. Continue reading
August 10, 2012
For immediate release
Bridge Ventures assisted in the sale of a Texas audiology practice to the local subsidiary of a national retail chain. The transaction, which closed on Thursday, August 9, involved the spin-off of an orphan location by an independently owned, multi-office practice in the Dallas/Fort Worth market. The parties involved requested that their identities be withheld from public announcements.
Managing Director Craig Castelli led the deal for Bridge. Continue reading
With the first half of 2012 in the books, now is a good time to take a step back and evaluate the current M&A climate in the audiology industry. The following report, compiled from data on off-market transactions and conversations with key M&A personnel, provides a snapshot of today’s environment as well as activities planned for the future.
Corporate buyers lead the way in the audiology and hearing aid industry, as they have for the past decade. Deal activity in 2011 significantly outpaced 2010, and the first half of 2012 continued this growth trend with the help of a resurgent buyer who had previously lain dormant. Total deal volume of independent practices in 2012 is expected to reach $60-75 million. Continue reading