Transom Capital Group has acquired all Loud Technologies brands, including Mackie, Ampeg, EAW and Martin Audio. The new company will be called Loud Audio LLC, and be led by the executives of Loud Technologies.
Promising ‘continuity with product development, distribution and the supply chain but with new capital to enable growth across all brands’, the acquisition is intended to enable Loud to invest in product development and expand into adjacent markets.
‘This transaction presents a great opportunity to work with the Loud team to achieve the next stage of growth for these iconic brands,’ says Ty Schultz Managing Partnet, 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.’
‘This transaction is the first step in a broader strategic plan to enable and grow each of our iconic brands,’ Loud CEO Mark Graham concurs. ‘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. 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.’
More: www.loudtechinc.com