Recent Mergers & Acquisitions

Morgenroth Music Center

Morgenroth Music Center, a full line retailer of musical instruments, musical instruction, and short-term instrument rentals, has been acquired by Music & Arts of Frederick, MD.


I was able to work with Bob Heffner and AdvantEdge Advisors on the sale of my business. His background in banking and in SBA financing, coupled with his experience in owning his own business, gave me a real advantage in marketing my business.

The several buyers that he brought to the table were established and qualified. We secured a buyer for the business that not only was able to pay the asking price but also saw the growth potential and beauty of living in Montana and brought more resources and options for the customers and employees of the business.

The market analysis and the detail that Bob prepared for potential buyers was so impressive, solid and secure that it was not doubted by our buyer prospects. His best accomplishment, beyond getting a good price, was to improve the terms of the purchase, transforming an original offer that was heavily weighted toward payments coming 2 years after the sale, to an accepted offer that was largely in cash paid at closing. Now in my retirement, I am very grateful for the expertise of this company.

-Gary Bowman, President; Morgenroth Music Centers