The consolidation of the AV market continues this week, as Transom Capital Group has announced the acquisition of LOUD Technology, Inc. That includes brands such as Martin Audio, Mackie, Ampeg and EAW.
Following the surprising announcement from Carvin Corp., in which the decades-old company disclosed that it is ceasing its amplification business, Transom Capital Group’s announcement states its new acquisition will be known as LOUD Audio, LLC.
“This transaction presents a great opportunity to work with the LOUD Audio team to achieve the next stage of growth for these iconic brands,” states Ty Schultz, managing partner, 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 Audio 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.”
LOUD Audio Brands Include Mackie, EAW & Martin Audio
LOUD Audio’s portfolio of brands include the professional audio company Mackie, as well as loudspeaker companies Eastern Acoustic Works (EAW) and Martin Audio, and the musical instrument amplifier manufacturer Ampeg.
Transom Capital points out that with complete engineering teams and operations in the U.S., United Kingdom (U.K.), Canada and China, its investment in LOUD Audio will drive a new era of product innovation for these brands.
“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,” adds Mark Graham, CEO, LOUD Audio.
“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.”