Quincy, IL (February 17, 2006)–The investment world cast a vote of confidence in the Total Radio approach to HD Radio with Audax Group’s acquisition of Broadcast Electronics (BE). Audax Group, based in Boston, MA, acquired Broadcast Electronics from Thompson Street Capital Partners.
BE is known for its Total Radio approach to HD Radio, which includes a comprehensive strategy for end-to-end implementation as well as upgrade to HD2 Multicasting and data services. The company manufactures HD Radio transmission products and a complete studio suite integrating on-air production and automation activities with over-the-Internet and HD Radio data delivery.
“This acquisition is a vote of confidence in BE and the future of the radio market,” commented Broadcast Electronics president and CEO John Pedlow. “Our partnership with Audax will fuel our development and support of HD Radio as our market base continues to expand.”
“BE’s strong market position makes it an attractive platform in broadcast radio equipment,” said Geoffrey S. Rehnert, co-CEO of Audax Group. “We look forward to working with existing management to build on its historical success and continue its growth in HD Radio and other emerging market segments.”