Eastern Acoustic Works, Inc., a manufacturer of loudspeakers, retained Shields & Company to find a suitable acquirer to provide liquidity for the shareholders and allow the company to continue its impressive growth. Eastern Acoustic Works was acquired by Mackie Designs, Inc., a public professional audio equipment manufacturer located in Woodinville, Washington. The deal provided excellent prospects for growth within Mackie while allowing the company to remain in its Whitinsville, Massachusetts headquarters.
Shields & Company acted as a financial advisor to Eastern Acoustic Works, Inc. in the above transaction.
