McIntosh Group Acquired By Highlander Partners
MCINTOSH GROUP ACQUIRED BY HIGHLANDER PARTNERS
Highlander Partners, L.P, a Dallas-based private investment firm, has announced the acquisition of McIntosh Group, through a newly-formed holding company.
HIFI INDUSTRY NEWS
McIntosh Group manufactures and globally distributes amplifiers, speakers, turntables and other audio products under several brands including McIntosh, Wadia, Sumiko and Sonus Faber, and provides distribution services across North America, Central and South America, the United Kingdom, and Benelux for their owned brands as well as several third-party brands including Pro-Ject, Rotel and Bassocontinuo Italian racks. The Group also has an automotive entertainment business.
HIGHLANDER
Jeff L. Hull, Highlander Partners President and CEO commented, “We have been evolving our investment strategy around consumer-focused brands and luxury goods over several years. The opportunity to acquire brands as strong as those within the McIntosh Group does not come often and we are very excited to be part of the Company’s next chapter. We believe there is a unique opportunity to acquire other consumer luxury technology brands and intend to stay active in the category.”
MCINTOSH GROUP
Jeff Poggi and Charles Randall, co-CEOs of the McIntosh Group commented, “We are thrilled to continue to pursue our growth trajectory alongside the Highlander team. Across all brands and product categories, we continue to see remarkable results and an excess of opportunity; we believe Highlander’s financial approach and operational expertise can help seize these prospects.”
HiFi Pig Says: McIntosh continues to evolve as a group, we will watch with interest how the product lines continue with this new acquisition and investment.
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