Tampa, Florida, May 26, 2009
Audio Messaging Solutions LLC secured $11 million to support its growth initiatives.
The Oldsmar company, which provides telephone on-hold messaging services, will use the funding to refinance existing debt and to support acquisitions, it said in a release.
Affiliates of Main Street Capital Corp. (NASDAQ: MAIN) and Deerpath Capital Management LP provided senior financing, while SJ Partners LLC made its third equity investment in Audio Messaging, the release said.
Audio Messaging also announced the acquisition of Audiomax, a multimedia company based in Blue Bell, Pa. Terms of the purchase were not disclosed.
The deal will increase Audio Messaging’s client base by 25 percent, making it one of the largest audio service companies in the nation, the release said. Audiomax is the ninth acquisition for Audio Messaging in eight years.
Audio Messaging is a full-service audio messaging source, providing on-hold messaging and custom telephony recordings as well as overhead music services for more than 30,000 locations nationwide.
Initially founded twenty years ago, AMS is a premier provider of messaging on hold services. The Company writes, records, and delivers telephone on hold messaging. AMS has a diversified base of nearly 20,000 account locations with many major national clients such as Merrill Lynch, The United States Post Office, Coldwell Banker, and Goodyear Tire. AMS also distributes messaging on hold equipment. AMS is the exclusive on-hold messaging provider for Avaya, the nation’s largest manufacturer of phone systems. AMS has been the most acquisitive company in the messaging on hold industry over the past five years, having completed seven add on acquisitions. More information about AMS is available on their website: www.amsonhold.com.
For more information, please contact:
Aaron Kleinhandler, CEO, Audio Messaging Solutions,
Scott Johnson, CEO, SJ Partners, LLC,