Strategy in TECH...
A few months ago, I unexpectedly became unemployed. There had been occasions in my career when it was clear that I needed to get the hell out of Dodge —but this wasn’t one of them.
A new job would not appear overnight; that was obvious. I was up to my ears in fearful self-absorption.
Then things changed…and the world was in upheaval.
Sound United LLC, the parent company to brands such as Denon, Marantz, Polk Audio, Definitive Technology, Classé, and Boston Acoustics, announced on Tuesday that they have joined forces with Home Technology Specialists of America (HTSA), a leading trade consortium of custom integration dealers. This new partnership will expand availability of some of the top specialty audio brands throughout North America, thanks to HTSA’s extensive network of top dealers.
ProSource wrapped up their annual Summit, this year known as Summit 2020 on March 11th. The event had barely wrapped up when within days many other organizations began canceling their events due to the rapidly propagating coronavirus epidemic sweeping across the U.S. ProSource barely got their event completed just as health authorities around the country began restricting gatherings such as conferences like theirs which congregate a lot of people in one place at one time.
And now we know that there was another attendee at the ProSource Summit 2020 – coronavirus COVID-19, an uninvited guest, visited the group’s annual event..
SnapAV, a leading provider of custom integration brands and products, announced today that it has acquired Volutone, a respected California-based distributor with seven locations throughout California and Nevada. The move expands SnapAV’s local touch points in a key market, a strategy that first emerged with their earlier acquisition of another large regional distributor in March of this year, Chicago’s Allnet Distributing.
As we reported last week, the world learned that the private equity group that owns AVAD has made another deal, acquiring Houston, TX-based WAVE Electronics, another major custom integration distribution company. After an initial ripple of excitement over the deal, most of us went back to our daily lives – looking at this deal as nothing more than just another private equity acquisition. But there may be more here than meets the eye…
ProSource, a large industry dealer buying group, announced this morning that they are partnering with SnapAV, a diversified manufacturer/distributor of a wide group of diverse brands, to offer programs on several of their brands to group members. According to the ProSource management, members will be offered access to SnapAV’s Araknis, Luma, OvrC, Visualint, and WattBox brands.
ProSource, one of the larger retail buying groups in the U.S. announced today that it has added 13 new members to their organization. As a multi-tiered group, these new additions were in two different groups – 12 dealers were added as custom integrator members, while one was added as an Associate PRO level member.
