Mooreland Continues as Active Advisor to the Digital Media and Connected Home Markets
NEW YORK – December 15, 2016 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to Autonomic Controls on its sale to SnapAV, a portfolio company of General Atlantic.
Autonomic is a leading expert in music streaming and multi-room audio solutions, with a proven track record in the custom-install channel. The company’s products integrate seamlessly with leading control systems, including Savant, Crestron, Control4, and URC, and incorporate more than a dozen popular music services, including Spotify and Pandora. To provide users with the best audio possible, Autonomic supports full high-resolution audio (HRA) at 24-bit/192kHz.
Autonomic CEO Michael de Nigris views SnapAV as a like-minded partner with a strong commitment to the custom-install channel. “SnapAV has shaped the industry since their inception, and we believe our unique product offering will be a great addition to their lineup,” de Nigris said. “Our companies are a perfect cultural fit, and because SnapAV is the top supplier in the industry, it helps expand our reach.”
SnapAV has made a series of acquisitions within the last year, which have brought numerous benefits to custom installers. “We are thrilled to add Autonomic to the SnapAV lineup,” said John Heyman, SnapAV CEO. “This is a company that focuses on the custom channel and has shown continuous expertise in the media streaming category. Autonomic has the right products, people, and culture to make this deal a success for everyone involved, including our dealers.”
Mooreland has played an active advisory role in the broader connected home space, having successfully completed a number of transactions in the control, A/V and media streaming segments. “Scalable and versatile entertainment solutions are must have components and a key demand driver in the connected home,” said Todd Feldman, Managing Director, Mooreland Partners.” This acquisition will position SnapAV to expand its line of audio solutions, as well as attract new dealer verticals by leveraging Autonomic’s suite of high-resolution audio solutions.”