Will you indulge me for a moment? I want to draw your attention to an article I wrote for Residential Systems titled New Takes on Tech Training. Regular Strata-gee readers are most likely aware of the fact that I also write for Residential Systems, and this article is one that I’m quite proud of.
Archives for October 2018
Melrose Talks of Disposing of Nortek
Are Elan, Speakercraft, Niles, Proficient, etc. In Play Again?
Melrose PLC, owner of Nortek, including Nortek Security & Control, is openly talking to U.K. media about the likelihood of selling off Nortek – saying, in essence, their work is done, the turnaround is complete. This being the case, their thinking is that it is time to harvest their crop by selling off the company to reap their reward of profits.
But what does this mean for Nortek and its stable of brands?… [Read more…] about Melrose Talks of Disposing of Nortek
Emerald Expositions Reports Attendance Flat at CEDIA Expo 2018
Emerald Expositions Events, Inc. (stock symbol: EEX) reported last week that attendance at CEDIA Expo 2018, the first Expo run totally by Emerald Expositions employees, had an attendance of “more than 20,000 home tech pros” or flat as compared to their announcement of “more than 20,000 home tech professionals” at the event last year.
See more on this announcement from Emerald which has some new data… [Read more…] about Emerald Expositions Reports Attendance Flat at CEDIA Expo 2018
Krell VP of Sales Leaves Company
Krell Comments on Shackelford’s Departure
Gordon Shackelford, Vice President of Sales for Krell over the last few troubled years, has left the company at the end of September. The public face of the company during what might be its most troubled times, Shackelford told me he needed a break after a period of great stress in his career, but he wishes Krell all the best and believes it is in the midst of a significant turnaround.
See more on why Shackelford’s departed from Krell… [Read more…] about Krell VP of Sales Leaves Company
Equity Owner of AVAD Doubles Down, Buys WAVE & Consolidates
Kingswood Capital Management, LLC, a private equity company that describes itself as “an operationally-focused lower-middle market” PE company – and the current owner of AVAD – announced today that it has purchased Houston, TX-based custom integration distributor WAVE Electronics, Inc. and plans to merge it with AVAD to create one total entity. Their announcement says that with this move they “will create the single largest value-added distributor of high-end audio, video, security, and home automation solutions in the consumer electronics industry.”
Many thought they already were the largest distributor.