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University of Pennsylvania

Russound Hopes to Beat the Odds with Acquisition of Colorado vNet; But Some Question Deal

October 8, 2009 by Ted Leave a Comment

Colorado vNet Building
Colorado vNet Facility in Loveland, CO

<October 7, 2009>Newmarket, RI-based Russound announced this past Monday that it had signed a letter of intent to purchase recently shuttered Colorado vNet in a deal for which terms were not disclosed and that is expected to close by the end of October. The deal was a surprise to many in the industry as Colorado vNet recently announced the collapse of discussions with multiple potential suitors causing the company to cease operations, lay off staff, and close their doors in late September. [Read more…] about Russound Hopes to Beat the Odds with Acquisition of Colorado vNet; But Some Question Deal

Filed Under: Brands, Industry Trends, Management, Manufacturers, News, Pivot Point, Specialty, Strategy Tagged With: acquisition, Charlie Porritt, Colorado vNet, Robert Holthausen, Russound, University of Pennsylvania, Wharton School of Business

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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