Beaverton, OR (December 1, 2017)—Biamp Systems has been acquired by private investment firm Dallas-based Highlander Partners from previous owner Lomar Corporation. Financial details were not released other than that Lomar will retain a minority investment in Biamp.
With the acquisition, veteran industry executive Rashid Skaf has been named Biamp’s new president, CEO and co-chairman, effective immediately; Matt Czyzewski, previous president and CEO, will remain as executive vice president of technology.
Previously, Skaf led AMX for 15 years before selling it to AMX to Harman Industries in 2014 and later leaving to advise various investment groups, eventually joining Highlander Partner as a senior advisor.
In a statement, Skaf noted that while leading AMX, he “sought to acquire [Biamp] several times over the past 10 years. I’m delighted to have the opportunity to join and lead the Biamp team. I have no doubt that together we will usher Biamp into an exciting new period of growth and industry leadership that will benefit the company and its employees and channel partners.”