DURHAM JONES & PINEGAR REPRESENTS ZAGG INC. IN ITS ACQUISITION OF HALO 2019-01-22T18:27:32+00:00

Project Description

January 3, 2019.  Durham Jones & Pinegar Shareholder Jeff Jones and his team represented ZAGG Inc., a global leader and innovator in accessories and technologies that empower mobile lifestyles, in the acquisition of HALO, a leading direct-to-consumer mobile accessories company with an extensive IP Portfolio, for the total purchase price of $43 million in a combination of cash and stock.

“The acquisition of HALO is consistent with our commitment to offer the most innovative products, gives us access to an incredibly strong IP portfolio, and allows us to strategically expand product distribution,” said Chris Ahern, CEO of ZAGG Inc. “It creates meaningful value for our shareholders through the addition of a powerful new and profitable revenue stream along with an entrée into the multibillion-dollar televised and online home shopping channel. HALO’s business is immediately accretive to our gross margins, and provides us with incremental and diversified growth opportunities as we continue toward our goal of $1 billion in annual revenue and enhanced profitability.”

 

Jeffrey M. Jones

 

 

 

 

 

Mark L. Astling

 

 

 

 

 

Elisabeth Calvert

 

 

 

 

 

Sarah W. Matthews

 

 

 

 

 

John D. Walch

 

 

 

 

 

Zachary B. Miller