Loud sold
Transom Capital Group, the US private equity firm, today announced it has acquired all Loud Technologies Inc’s brands, including Mackie, Ampeg, EAW, and Martin Audio. The new company will be called LOUD Audio and be led by the executives of LOUD Technologies: ‘…ensuring continuity with product development, distribution and the supply chain but with new capital to enable growth across all brands’.
‘This transaction presents a great opportunity to work with the LOUD team to achieve the next stage of growth for these iconic brands,’ said Ty Schultz, managing partner of Transom Capital. ‘These brands are positioned well with major retailers, installers and production companies and bring with them an outstanding legacy of innovation and category-defining product introductions. We have been working closely with LOUD’s leadership to ensure continuity of the supply chain, channel relationships and LOUD’s employee base. We look forward to realizing the compelling growth opportunities for these brands both in the retail and professional audio spaces.’
‘This transaction is the first step in a broader strategic plan to enable and grow each of our iconic brands. Our brand and product strategies are greatly enhanced going forward as each will be working from a vastly improved financial structure and with access to growth capital,’ said LOUD CEO Mark Graham. ‘Transom is an exciting partner as they have experience in our industry and a great track record of building brands. Further, they share a commitment to our core values of customer focus and product innovation, and we are looking forward to working together to make our brands even more valuable to our partners and customers.’
Info: www.loudtechinc.com
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Source: musicinstrumentnews.co.uk
