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Polk

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

November 14, 2019 by Ted 4 Comments

Also: Consolidating Facilities & Moving Headquarters

Onkyo logo

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 its overhead by cutting jobs. This appears to be the first step in a major reorganization of the company, as it seeks to right-size the organization for the industry’s new, smaller, and more competitive environment in which electronics manufacturers find themselves.

See more on Onkyo’s restructuring…

[Read more…] about Onkyo to Slash Overall Company Headcount by 30%, Cutting Management by 50%

Filed Under: Financial, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: acquisition, Boston Acoustics, Classe, Definitive Technology, HEOS, Integra, Marantz, Onkyo, Pioneer Elite, Polk, Sound United

D+M Group Sold From One PE Company to Another

March 1, 2017 by Ted 10 Comments

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.

See more on what we know about this deal for D+M… [Read more…] about D+M Group Sold From One PE Company to Another

Filed Under: Brands, Financial, News, Pivot Point, Strategy Tagged With: acquisition, Bain Capital, Boston Acoustics, Charlesbank Capital Partners, D&M Holdiings, D+M Group, Definitive Technology, Denon, HEOS by Denon, Jim Caudill, Kevin Duffy, Marantz, Polk, Ryan Caroll

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Ted Green Bio

A former dealer, installer, manufac-turer, distributor & more. With a focus on business strategy, my goal is to help you make better decisions for more success.

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