Private equity firm buys LOUD Technologies brands16 October 2017
Transom Capital Group, a Los Angeles-based private equity firm, has announced it has acquired all of the LOUD Technologies brand portfolio, including Martin Audio, Mackie, Ampeg, and EAW. The new company will be called LOUD Audio, LLC (LOUD) 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 realising the compelling growth opportunities for these brands both in the retail and professional audio spaces.”
With operations in the US, UK, Canada and China, LOUD engineers, markets and distributes a wide range of professional audio and musical instrument products worldwide. Its product lines include sound reinforcement systems, analogue and digital mixers, studio products and guitar and bass amplifiers. The transaction will enable LOUD to invest in product development and expand into adjacent markets.
“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.”