Woodinville, WA (October 13, 2017)—Los Angeles-based private equity firm Transom Capital Group has acquired all audio brands owned by Loud Technologies, Inc.—Mackie, EAW, Martin Audio, Blackheart, Crate, Ampeg and Tapco—in order to create a new company, Loud Audio, LLC.
The deal was made primarily with an eye toward funding product development and expansion into “adjacent markets.,” according to Transom. In a statement, Loud CEO Mark Graham noted, ‘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.”
With that in mind, the executive team of Loud Technologies will remain at Loud Audio, with an aim of ensuring continuity. Ty Schultz, managing partner of Transom Capital, remarked, “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."
It’s not Transom’s first time investing in the pro audio realm—the company previously bought Blue Microphones in April, 2008; Blue, in turn, purchased Summit Audio in April, 2011, and the pair were sold by Transom to global private equity firm The Riverside Company in July, 2013.
That previous involvement with Blue and Summit is key, according to 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."
Loud Audio, LLC.