Sorenson Announces Acquisition, Appoints CEO, Board Members

Sorenson (or “the Company”), a communications provider for people who are deaf and hard-of-hearing, announced that private investment firm Ariel Alternatives, LLC has completed an acquisition of 52.5% of the Company’s common equity from existing shareholders, including Blackstone Credit, a fund managed by Franklin Mutual Advisers, and private credit accounts managed by KKR at an enterprise valuation of $1.3 billion.