Sverica Announces the Sale of Sheet Music Plus to Hal Leonard

Emeryville, California – February 27, 2017 – Sverica Capital Management LLC (“Sverica”) announced today the sale of Sheet Music Plus LLC (“Sheet Music Plus” or “SMP”) to Hal Leonard LLC.  Founded in 1997, Sheet Music Plus is a leading online retailer of sheet music with a library of over 1 million titles.

Over the course of Sverica’s investment, Sheet Music Plus meaningfully expanded its catalog, introduced digital titles to accompany its assortment of print products, unveiled a robust new website, and launched innovative programs allowing composers and arrangers to upload works to the SMP website.

“We greatly appreciated Sverica’s support and guidance as Sheet Music Plus has cultivated a vibrant community of musicians, teachers, and composers,” said Sheet Music Plus CEO Jenny Silva.  “Our partnership with Sverica has positioned us for continued success in a new chapter with Hal Leonard.”

“The dedication and vision of Jenny and her team are apparent in the numerous ways Sheet Music Plus engages customers and their passion for music,” said Ryan Harstad, Vice President at Sverica.  “We enjoyed partnering with management to innovate and build SMP into an industry leader.”

About Sheet Music Plus
Founded in 1997, Sheet Music Plus is the world’s largest online retailer of sheet music. Its website, www.sheetmusicplus.com, offers shoppers over 1 million songbooks, scores, and instructional books.  SMP’s unparalleled selection and availability of products is appreciated by its international customer base and a key point of distinction. Sheet Music Plus stocks over six times the number of products carried by the average print music retailer, and has developed a proprietary system for rapidly sourcing “hard to find” titles. Leveraging its strong relationship with suppliers, Sheet Music Plus has become a print music resource for music hobbyists, students, teachers, directors, librarians, and professionals.