Strategy in TECH...
SnapAV announced today that General Atlantic, its private equity partner, has sold its ownership interest in the company to San Francisco-based Hellman and Friedman, another private equity group. The move, while unexpected, is not unusual in the world of private equity – especially in the case where a portfolio company transitions stages of growth that move it beyond the the investment strategy of the PE partner as compared to when the investment was initially made.
AVAD, one of the custom integration industry’s leading distributors, is in the process of going through a major transformation, out from under the – some would say – clueless shadows of its previous owner, monster I.T. distributor Ingram Micro…to a more focused posture under new owner Kingswood Capital Management. Now being managed by CEO Tom Jacoby and President Fred Farrar, the company has begun a series of initiatives to transform their geographic footprint, business model, and push to higher revenues.
AVAD LLC, a leading distributor of custom integration brands, announced this week a dramatic expansion of their business – including no fewer than 11 new facility locations and the addition of Séura, a popular brand of outdoor televisions to their brand assortment. The news suggests an acceleration of their rollout of a new business model that they described in the middle of last year after the company was purchased from Tianjin by Kingswood Capital Management.
James Loudspeaker announced today that it has appointed Pulse Cinemas as its distributor for both the U.K. and Ireland. A custom installation and home cinema specialist, Pulse’s team of twelve professionals spread out to service the region’s A/V dealers and custom integrators.
This 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.
SnapAV announced today that it has launched a new line of uninterruptible power supplies (UPS) under its WattBox brand that offers OvrC-capability. Combining the UPS with a WattBox IP power conditioner, you gain cloud based remote management capability with both the OvrC and WattBox interfaces.
AVAD LLC, a distributor that focuses on the custom integration channel, announced this week it is opening three new locations, as well as making key personnel moves. Part of an overall plan to change the business model of the organization, the company has, in essence, redrawn the map of its service area.
Startup software provider TRXio announced this week that it has joined Home Technology Specialists of America (HTSA) and fully participated in the organization’s Fall Conference last month in Chicago. The move is seen as another step on the road to greater awareness and acceptance of the company’s prime offering – inventory tracking software.
Leviton announced today that it has formed a strategic partnership with Samsung’s SmartThings division to offer a simple home automation starter package that will be made broadly available through distributors and the “professional dealer” market. Designed to be an affordable, whole-house, home automation solution – the package pairs products from SmartThings with Leviton Z-Wave enabled devices at discounted pricing.
One-time darling of many independent audio dealers and integrators, B&K Components, Ltd. had disappeared from view back in 2010. In fact, Strata-gee (then the Alert) broke the news about its impending demise just after the CEDIA Expo in Atlanta in October 2010. The bank was in the process of taking over the company and amplifier manufacturer Amplifier Technologies, Inc. (ATI) swooped in to purchase the remaining assets of the defunct company.
Now, the brand is back under new ownership – an ownership with all-new ideas to building a new company under the B&K banner. And who are these guys? Well, for starters, they’re Canadian, eh?
