Savant Sister Company Racepoint Energy Acquires NOON Home

Racepoint Energy, sister company of Savant Systems LLC, announced this week that it has acquired innovative residential lighting control provider NOON Home. Based in Campbell, CA, NOON offers an impressive array of intuitive lighting and intelligent control solutions. Learn more … Continue reading

Once Again, Melrose Considers Disposing of Nortek; This Time It’s Serious

Melrose Industries plc, the British turnaround specialist who acquires underperforming companies to improve their operations and management for resale, is now actively considering selling off the bulk of Nortek in a deal that could be worth $3 billion, according to … Continue reading

A Deeper Dive into the Troubling Emerald Expositions Fiscal Q3 Report

Company Says Declining CEDIA Expo Revenues is Partly to Blame If you saw my recent article on the Emerald Expositions’ leadership turmoil (See: More Leadership Turmoil Hits Emerald Expositions), in addition to covering the fact that their new CEO (just … Continue reading

In a Surprise Reveal, Netflix Shows Investors Its Huge Advantage Over New Streaming Competitors

You knew they were big, but you didn’t know just how big streaming innovator (and leader) Netflix really was…until now. In a bid to prove to investors they have what it takes to stave off a whole new class of … Continue reading

More Leadership Turmoil Hits Emerald Expositions

CEO to Exit by Year End; COO Steps into Interim Role While Search Begins Emerald Expositions Events, Inc. (Emerald) (NYSE:EEX), parent company to the CEDIA Expo show and industry trade magazines CE Pro & Commercial Integrator, announced this week that … Continue reading

Audio Design Associates Warns of Imminent Company Shutdown

In a letter to the media early Tuesday evening, Richard Stoerger announced the likely impending closure of Audio Design Associates (ADA), a company that was a founding member of CEDIA and a significant driving force in the early days of … Continue reading

Last Week Onkyo, Now Sound United Reorganizes in Wake of Failed Acquisition Deal

For a few weeks now, I’ve been chasing a rumor that both sides of the failed Sound United acquisition of Onkyo’s branded A/V business were in the throes of a major reorganization. The rumors, it seems, were true – starting … Continue reading

Onkyo to Slash Overall Company Headcount by 30%, Cutting Management by 50%

Also: Consolidating Facilities & Moving Headquarters It appears that the other shoe is dropping in the wake of the failed acquisition of Onkyo Corporation’s branded A/V division by Sound United last month, as the company now says it will reduce … Continue reading

Private Equity Giant Apollo Global Management Acquires Tech Data in $5.4B Buyout

Tech Data, one of the largest technology distributors in the U.S. and globally, has been acquired by Apollo Global Management, a private equity powerhouse, in a deal valued at $5.4 billion. The deal announced today, is expected to close by … Continue reading