The Austin-based company did not disclose the company to be acquired nor the purchase price. The conclusion of the deal awaits a definitive agreement and due diligence. Paul Rush, Earful's CEO, estimated the acquisition could add about $3.5 million of annual revenues. "The economies of scale of a fully integrated distribution system would enable Earful to increase operating efficiencies, through added volume and lower operating costs, and provide all our customers with more content in more recording formats," Rush said in a statement.
Earful's stores are in Texas, California, Maryland, Oregon, Virginia and Washington. The company also has an agreement with Blockbuster Video to co-locate Earful stores in or near Blockbuster locations.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
