7.31.13 // Lenox Hill Capital announces the sale of Zeswitz Music to Succession Leadership Capital
Reading, PA – July 31, 2013 – Lenox Hill Capital Advisors is pleased to announce that its client, Rayburn Musical Instruments Pennsylvania, LLC dba Zeswitz Music, has completed a sale to SLC Education Group, LLC – an entity formed by Succession Leadership Capital, LLC. Following this acquisition, Zeswitz will continue to offer the mid-Atlantic market a growing range of musical instrument sales, rentals, repairs and music education services. The management teams of both companies are excited about the transaction and the opportunity to become more valuable service providers to their customers and the communities they respectively serve.
The acquisition was effective as of July 29, 2013. Terms of the transaction were not disclosed by the parties. Lenox Hill Capital Advisors initiated this transaction and served as the exclusive financial advisor to Zeswitz/Rayburn Musical Instruments Pennsylvania. The Lenox Hill Capital team worked closely with Zeswitz’s management and owners to explore strategic alternatives and coordinate the sale process.
About Lenox Hill Capital Advisors
Lenox Hill Capital Advisors, Inc. is a private mergers & acquisitions advisory firm based in New York City. The firm’s highly seasoned professionals specialize in middle market mergers and acquisitions, private equity recapitalizations, restructurings, business valuations and related financial advisory services.
