Matrix Capital Markets Group (804) 780-0060 - Case Study: LandSea Systems, Inc.

Case Study: LandSea Systems - Sell Side

Situation

LandSea Systems has been the largest North American distributor for Thrane and Thrane for more than ten years.
During recent years, LandSea Systems had established a strong position in the United States, particularly in the government and military sectors.

Objective

The primary objective of the transaction was liquidity and retirement for the two founding shareholders while allowing the Company to prosper through the transition period.

Solution

A complex transaction to include cash, stock and earn-outs was negotiated with the Company’s primary supplier in order to maximize value
In the end, Matrix and the shareholders were able to negotiate and close an all-cash transaction. In addition, Management (founder’s relatives) remained with the Company post-transaction.
Thrane & Thrane believes that the acquisition of LandSea Systems creates a strong foundation for a successful commercial launch of other future terminals and will improve their success in the North American satellite communications market.