The sale of Audio Precision to Hanover Partners is nearly closed. A confidential letter of intent was signed earlier this summer, and final agreement has now been signed with the final closing expected before Oct. 1.
This sale represents a change in ownership, but the name, location, staff including management and products will remain unchanged, said officials.
Bruce Hofer, president of Audio Precision, said, “It (the deal) simultaneously accomplishes a desirable restructuring based on existing key personnel and provides expertise and resources for even more significant growth and success than we have experienced.”
Paul Cogan
Hanover Partners To Acquire Audio Precision
Hanover Partners To Acquire Audio Precision