NEMC Expands Operations Through Asset Acquisition
National Educational Music Co., Ltd. (NEMC) recently acquired substantially all of the assets of School Musical Suppliers, Inc. also known as City Music Center, one of New Jersey’s largest band and orchestra musical instrument rental companies. Terms were not disclosed.
“City Music Center has a long history of providing quality instruments and services to its customers, and we are pleased and excited to incorporate it within our nationwide affiliate network,” said David Benedetto, NEMC’s chief sales and marketing officer. “This transaction will provide additional support to our existing affiliates, not
only providing them additional business in their territories, but also strengthening our presence in New Jersey, a state with a strong school music tradition.”
NEMC’s COO, Ken Maehl commented, “We will continue to market under the City Music Center name with customers seeing a whole new range of services and capabilities in the upcoming season.”
City Music operated locations in Kenilworth, NJ and Burlington, NJ. NEMC plans to consolidate the Kenilworth location into NEMC’s Mountainside, NJ operation and will continue to operate the Burlington location.
The City Music transaction is NEMC’s first acquisition since management and MidCap Equity Partners acquired NEMC in August 2011.