COSTA MESA, Calif. - September 28, 2004 -- Chief Manufacturing Inc., headquartered in Savage, Minn., and Decade Industries Inc., d/b/a Sanus Systems, of St. Paul, Minn., have combined their operations. Transaction terms were not disclosed.
RSM EquiCo Capital Markets LLC, the broker-dealer subsidiary of RSM EquiCo, initiated the transaction, led the negotiations and acted as exclusive financial advisor to Sanus Systems.
"RSM EquiCo Capital Markets orchestrated a focused process for Sanus Systems," said Robert Byczek, senior managing director for RSM EquiCo's Chicago office. "The outcome achieved substantial value for Sanus Systems' shareholders. Moreover, the result combined two major brands in the audio-visual support industry. The synergies between the two companies' industrial and retail channels will enable them to continue on a path of rapid growth."
About Sanus Systems
Sanus Systems designs and manufactures home entertainment products, including furniture, stands and mounts for speakers and high technology mounts for flat panel and regular television and computer monitors. The privately owned company, which sells through retail channels such as Best Buy and Wal-Mart, is growing rapidly due to increasing demand for flat panel LCD and plasma television wall mounts.
About Chief Manufacturing
Chief Manufacturing designs and manufactures support systems for presentation projectors and displays. The company's products include a full line of mounts, lifts and accessories for projectors and flat panel displays using plasma and LCD technologies, including the first-ever seismic-rated wall mounts for large flat panel displays. Chief Manufacturing's installations serve corporate offices, training facilities, home theaters, educational facilities, information displays, trade show exhibits and entertainment and hospitality venues.
About RSM EquiCo, Inc.
RSM EquiCo is a global investment bank serving private middle-market companies throughout North America. With more than 400 professionals and support staff in North America and Europe, RSM EquiCo specializes in mergers, acquisitions, divestitures and capital raising for companies with up to $500 million in annual revenue. The firm is part of RSM McGladrey Inc., a business segment of H&R Block.