Lexington, KY (November 29, 2012)—THIEL Audio has been acquired by a private equity firm based in Nashville, TN. Primarily known for its high-end home audio loudspeakers, the company manufactures installation ceiling speakers as well.
New product categories will be explored, with an expansion of the architectural series an immediate priority. “We will invest considerable time and energy speaking to our distribution channels worldwide, gathering data about the marketplace from those who know it best before making any decisions about new product direction,” new CEO Bill Thomas stated. Resources will also be allocated to improving the company’s website and other marketing initiatives.
In addition to long time employees Brad Paulsen, Gary Dayton, Lana Ruth and Rob Gillum remaining with THIEL, the company’s factory team has been retained and the existing sales channel, comprised of reps and dealers, will remain in place. The R&D and manufacturing facility will remain in Lexington, KY as well; Thomas noted there are no plans to move operations.
THIEL Audio Products Company