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Trent Suggs

Audio Research Corp Begins Its Next Chapter as AR Tube Audio Corporation

June 21, 2023 by Ted 9 Comments

Minnesota Judicial Branch logo

The Minnesota District Court for the Fourth Judicial District in the County of Hennepin held a hearing on Tuesday to determine the final disposition of the insolvent Audio Research Corporation which is operating under Assignment for the Benefit of Creditors (ABC) – a form of receivership. The assignee in this case, Patrick Finn of Lighthouse Management Group had executed an Asset Purchase Agreement (APA) with Acora Acoustics and was seeking an order from the judge to approve the APA and the transfer of the assets free and clear of any and all liens to Acora Acoustics.

See more on this end of one era of Audio Research…and the beginning of the next

[Read more…] about Audio Research Corp Begins Its Next Chapter as AR Tube Audio Corporation

Filed Under: Financial, Law, Management, Manufacturers, News, Specialty Tagged With: Audio Research Corporation, Patrick Finn, receivership, Trent Suggs, Valerio Cora

Likely New Owner of Audio Research Corp Says Company to Stay in Minn

June 15, 2023 by Ted Leave a Comment

Valerio Cora and Trent Suggs, new owner and old owner of Audio Research
Valerio Cora & Trent Suggs – new owner & old owner of Audio Research

The day after the Strata-gee story titled, Audio Research Corp is Sold; Or Is It? ran last month, I received an unexpected call from Valerio Cora, CEO of Acora Acoustics, the winning bidder and the likely new owner of Audio Research Corp (Audio Research or ARC). Cora was concerned that Strata-gee’s coverage of Audio Research’s issues had raised some questions – even going so far as to suggest that he felt my coverage was scaring people. He wanted to set the record straight on what is going on with Audio Research.

Learn more of what the Acora Acoustics CEO had to say

[Read more…] about Likely New Owner of Audio Research Corp Says Company to Stay in Minn

Filed Under: Management, Manufacturers, News, Strategy Tagged With: Acora Acoustics, acquisition, Audio Research Corporation, Trent Suggs, Valerio Cora

Will Audio Research Corp Actually Be Acquired by Acora Acoustics?

June 7, 2023 by Ted 5 Comments

Audio Research Corp tube amplifier

So much has transpired over the last two weeks in the matter of Audio Research Corp’s status as it operates under Assignment for the Benefit of Creditors, a form of receivership. Several more documents have emerged that serve to shed more light on just precisely what is going on.

See all the latest on the status of Audio Research Corp’s journey to a new owner

[Read more…] about Will Audio Research Corp Actually Be Acquired by Acora Acoustics?

Filed Under: Financial, Management, Manufacturers, News, Specialty Tagged With: Acora Acoustics, ARC, Audio Research Corporation, Patrick Flynn, Trent Suggs, Valerio Cora

Minn. Bank Asks Court for $1.5M+ Judgment Against Audio Research Corp & Trent Suggs

May 3, 2023 by Ted 7 Comments

Audio Research I-50 integrated amplifier

Minnesota Bank & Trust (MB&T) of Minnetonka, MN has filed documents with the Fourth Judicial District of the Minnesota District Court notifying the court of the existence of a secured agreement with Audio Research Corporation (ARC) and its principal owner, Trent Suggs. This agreement, the bank wants the court to know, has been subject to “Numerous events of default” which “are continuing.”

With this being the case, the bank is asking the court to issue a judgment for the amount owed, plus accrued interest, plus attorneys’ fees, and other collection costs – an amount in excess of $1.5 million.

See more on events surrounding Audio Research Corp & Suggs

[Read more…] about Minn. Bank Asks Court for $1.5M+ Judgment Against Audio Research Corp & Trent Suggs

Filed Under: Financial, Manufacturers, News, Specialty Tagged With: Audio Research Corporation, Trent Suggs

Audio Research Corporation Files Court Docs to Enter Form of Receivership

May 1, 2023 by Ted 11 Comments

Audio Research Corporation amplifier

Another storied high-end audio brand has seen itself fall into hard times. Audio Research Corporation of Maple Grove, MN has filed paperwork with Minnesota District Court to start a form of the receivership process known as an Assignment for the Benefit of Creditors.’

Learn more about receivership for Audio Research Corp

[Read more…] about Audio Research Corporation Files Court Docs to Enter Form of Receivership

Filed Under: Financial, Management, Manufacturers, News Tagged With: Audio Research Corporation, bankruptcy, Dave Gordon, receivership, Trent Suggs

Audio Research: Alone Again (Naturally)

September 3, 2020 by Ted 5 Comments

A Guest Post on the Saga of an American Brand

Of all the success stories of the ‘70s high end audio boom, none was more unlikely than that of Audio Research Corporation (ARC). Based in Minnesota’s Twin Cities, historically a fly-over region for hi-fi, led by a balding, bearlike founder, and offering electronics based around vacuum tubes – considered obsolete for a decade – ARC somehow survived and thrived.

Learn more on the saga of Audio Research…

[Read more…] about Audio Research: Alone Again (Naturally)

Filed Under: Brands, Management, Manufacturers, News, People, Strategy Tagged With: ARC, Audio Research, Bill Leebens, Brandon Lauer, Charlie Randall, Dave Gordon, guest post, Mauro Grange, McIntosh, Quadrivio, Trent Suggs

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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