CEDIA Picks Middle Atlantic Products for Theater Project

Middle Atlantic logoMiddle Atlantic Products announced today that CEDIA selected it as part of a group of industry products for a unique theater project at the Portland International Airport. A joint effort by Hollywood Theater, a nonprofit group in Portland, CEDIA, the integration industry’s leading trade association, and Portland’s PDX Art program (Portland International Airports designation is PDX), this unique art project opened in late February.

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Radio Shack’s 2nd Bankruptcy in 2 Years; The Era of The Gadget is Over

Radio Shack sign

REUTERS/Brendan McDermid

In yet another clear sign that the era of the gadget is over, once prodigious gadget-seller Radio Shack files for bankruptcy on Wednesday…again. This is the second bankruptcy filing for the company in just two years. A strategy of partnering with Sprint didn’t produce the revenue the new owner’s anticipated and this second filing was unavoidable. So what happens now?

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At Long Last, New Nest Products are Coming

Four New Models Would Double the Nest Line

nest logoBloomberg News is reporting that, after a long wait, Google Alphabet’s Nest division is finally preparing to launch multiple new models. Nest, which is seeking to become a dominant player in the connected home space, has laid relatively dormant in the wake of the tumultuous exit of founder Tony Fadell. Now, Bloomberg tells us, things will begin to heat up with new models to expand the product segments in which the company participates.

Find out what new items are coming from Nest by reading on… Continue reading

Nortek Parent Melrose Reports Higher Margins & Sales

Melrose logoMelrose Industries PLC, an engineering turnaround company that recently acquired Nortek, Inc. (parent company of Core Brands) announced last week that it sees margins improving at Nortek already, even though it only acquired the company just last year. Not only that, but thanks to adding Nortek to its stable of investments, Melrose has seen its revenues triple – driving its stock to a record high.

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Gibson Brands Successfully Refinances Significant Debt

Logo for Gibson BrandsB. Riley & Co., a full service investment bank, announced the closing of a series of refinancing transactions that have completely restructured the outstanding significant debt of Gibson Brands, Inc. Gibson, as we have reported on regularly, entered the consumer electronics space back in 2012, investing in brands such as Onkyo/Integra, Teac, and buying Philips accessory business. Recently, the company appeared to be running into debt difficulties, perhaps from taking on debt to purchase these companies.

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Samsung Makes a Strategic Investment into an IoT Security Company

Samsung logoSamsung Electronics has made another major investment in the Internet of Things (IoT) space, becoming an early stage Series A investor in Bayshore Networks. The company made the investment via its Samsung NEXT Venture fund, an investment fund created by the company to find and take positions in companies that are driving businesses that will yield future profits for the company.

Who is Bayshore Networks and why did Samsung invest in them?… Continue reading

Atlantic Technology Names Mike Miller as National Sales Manager

Photo of Mike Miller

 

Atlantic Technology, the specialty loudspeaker manufacturer home theater and architectural audio speakers based in Norwood, MA, announced this week that it has appointed Mike Miller its National Sales Manager. Miller, an experienced industry veteran, joins a company noted for its targeted, strategic products and leads the charge in driving national adoption of its solutions.

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D+M Group Sold From One PE Company to Another

Sound United logosWe learned Wednesday that private equity powerhouse Bain Capital has apparently found a buyer for D+M Group, selling it off to another private equity company – Boston-based Charlesbank Capital Partners. CCP is the owner of DEI Holdings, a division of which is Sound United LLC, parent company of Polk Audio, Definitive Technology, and Polk BOOM. It is Sound United that will now also take over D+M Group and its brands Denon, Marantz, HEOS by Denon and Boston Acoustics.

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Control4 & Triad CEOs Explain to Strata-gee Why Their Deal Makes Sense

Control4 logo, newControl4 Corp. announced Tuesday that it has decided to get into the speaker business – doing so by acquiring Triad Speakers, Inc. – whom it describes as “a leader in advanced audio technology with best-in-class, customizable speaker-solutions.” The lofty language in the announcement in praise of Triad caught us by surprise and, unlike some of their other acquisitions, we did not find this one immediately obvious.

So when given the opportunity to interview both CEOs about this unexpected development, we jumped at the chance to learn more about the “hows” and the “whys” of this unusual partnership.

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Integra Moves Into Distribution, Eliminating a Key Selling Point

AVAD logo 2016This week we learned that Onkyo and Integra products would now be sold through AVAD, a distributor of custom integration products in the U.S. that is in the middle of changing its business model. Interestingly, this announcement came from AVAD, not from Onkyo/Integra, although Onkyo Vice President of Sales and Business Development Joe Petrillo is quoted in the official release.

But this simple announcement is being viewed as a game changer for many in the industry, who note that with the loss of its more “protected” status, Integra may have lost one of its key selling points.

See how some in the market are reacting to this decision by Integra… Continue reading