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Gibson Brands: Putting Its Assets On the Line

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Sells Warehouse & Property for $6 Million

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Gibson Brands, Inc. has reached an agreement to sell its property on a half-acre in the North Gulch area of Nashville, TN to a private equity group for $6.38 million, according to a report by the Tennessean. The property includes an unused Gibson warehouse. The purchase was by Somera Road Inc., who worked in partnership with Tricera Capital, a Miami, FL private equity company.

See more on this Gibson Brands deal, which may not be done yet…

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Gibson Brands Continues to Show Signs of Strain

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Downsizing Factory & Dilution of Onkyo Ownership

Logo for Gibson BrandsRecent developments have thrust Gibson Brands back into the spotlight once again – a spot that CEO Henry Juszkiewicz doesn’t particularly enjoy, unless he’s there on his own terms. But this time, two tidbits of news have conspired to bring Gibson, and their financial challenges to the fore. And as we try to digest all of this, it’s clear that Gibson is continuing to show signs of strain due to sluggish results from its aggressive diversification into consumer electronics jeopardizing its ability to deal with looming huge debt payments on the loans used to acquire CE brands.

See the news that shines a light on Gibson’s troubled financial position… [Read more…] about Gibson Brands Continues to Show Signs of Strain

Shares in Japan Display Jump 24% on OLED News

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JDI's logoJapan Display Inc., a unique public/private partnership that was once Japan’s largest supplier of LCD panels but has been struggling of late, saw the price of shares of its stock jump as much as 24% Wednesday on news that it had developed a new lower cost manufacturing process for OLED panels. The company, which had been struggling with slackening global demand for LCD panels, will seek outside investment to pursue the opportunity provided by this new OLED manufacturing process.

See more on this surprising announcement out of Japan… [Read more…] about Shares in Japan Display Jump 24% on OLED News

What We’ve Discovered About CEDIA’s Sale of the Show

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Did Emerald ‘Overpay’ for the Iconic Tradeshow?

Emerald Expositions logoIt was only just a matter of months ago, in January 2017, that we learned that CEDIA had sold off their trademark show to Emerald Expositions, the biggest B-to-B tradeshow promoter in North America. This news came completely out of the blue, with no forewarning to members of the Association.

When the sale was announced by the Association, the very last line of their notice was: “The financial terms of the agreement were not disclosed.” This lack of disclosure makes it virtually impossible for any loyal supportive CEDIA member to evaluate this major decision – selling off the single largest revenue generator for the Association – by the group management.

Now, we have a major piece of the puzzle, the purchase price… [Read more…] about What We’ve Discovered About CEDIA’s Sale of the Show

Is Gibson Brands Headed for a Default?

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Moody’s Hits Gibson Brands with Another Credit Downgrade

Logo for Gibson BrandsMoody’s Investors Service, one of the largest credit rating services in the world, has downgraded the credit rating for Gibson Brands, the Nashville-based parent of Gibson Guitar, Onkyo, Teac, KRK, Philips, Stanton and more. Moody’s has set their rating on Gibson Brands debt to Caa3, down one step from Caa2.

The move caused Wall Street investment analyst The Street to raise the specter of the possibility of Gibson Brands defaulting on their debt.

See why Moody’s says the Gibson Brands situation is unsustainable… [Read more…] about Is Gibson Brands Headed for a Default?

Savant Acquires Artison. The Question is…Why?

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Savant logoSavant Systems announced this week that it has purchased Artison, a specialty audio manufacturer of speaker systems. The company said that “Artison has earned a reputation for delivering…solutions that merge elegant, unobtrusive aesthetics with exceptionally detailed sound quality…” Is this a bold new strategy for Savant? Or just a reaction to the Control4/Triad acquisition?

See more on this surprising, and somewhat confusing, Savant acquisition of Artison… [Read more…] about Savant Acquires Artison. The Question is…Why?

Bad Heir Day – Prosecutors Demand 12-Years of Hard Time for Billionaire Samsung Heir

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Samsung's Vice Chairman LeeSouth Korea is buzzing at the news that prosecutors have demanded no less than a 12-year prison term for Samsung’s billionaire heir, Jay Y. Lee. Lee is accused of attempting to solidify his total control of the massive company through a sketchy scheme that included bribing the South Korean President, Park Geun-hye.

See more on these shocking revelations that may lead to problems for Samsung… [Read more…] about Bad Heir Day – Prosecutors Demand 12-Years of Hard Time for Billionaire Samsung Heir

ATI Acquires Datasat Digital Entertainment

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BREAKING NEWS

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American amplifier manufacturer ATI (Amplifier Technologies Inc.) has acquired Datasat Digital Entertainment, a leading provider of digital surround sound technology for commercial cinemas and luxury home theaters, according to multiple sources. In a deal that sources tell us closed on Wednesday, ATI will take over and stay committed to both of Datasat’s primary market segments – commercial and residential.

See more of what we know on the ATI and Datasat deal… [Read more…] about ATI Acquires Datasat Digital Entertainment

Reformulated Russound is Ready to Rumble

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Russound logoIn an extended meeting with Russound CEO Charlie Porritt and Vice President of Product Development Colin Clark, Strata-gee had the opportunity to learn details of the relatively dramatic developments at the company – many taking place behind the scenes – that management has undertaken over the last few years to better position the company for the future. Like a fighter with a new trainer who has put him on a strict diet and rigorous training regimen, Russound has emerged from an at-times painful multi-year process leaner and meaner…and ready to rumble.

Find out what we learned about the meaningful changes at Russound… [Read more…] about Reformulated Russound is Ready to Rumble

Legrand Acquires Milestone in Largely a Commercial Play

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Legrand logoFrance’s Legrand announced today it has signed an agreement to acquire Milestone AV Technologies in a deal valued at $950 million. The deal is another example of continued industry consolidation, although in this case, it was largely a play by Legrand for Milestone’s predominantly commercial business rather than the residential portfolio.

See more on this deal which is twice as big as any previous Legrand acquisition… [Read more…] about Legrand Acquires Milestone in Largely a Commercial Play