https://highlander-partners.com/new...-leader-in-premium-consumer-audio-technology/
Have loved the sound of Mcintosh gear but never owned any due to the cost...can imagine those costs going up considerably now, and probably the quality going down.
This Highlander firm also owns Sonus Faber, Sumiko
Speaking on the announcement, Jeff L. Hull, Highlander Partners president and CEO commented: "We have been evolving our investment strategy around consumer-focused brands and luxury goods over several years. The opportunity to acquire brands as strong as those within the McIntosh Group does not come often and we are very excited to be part of the Company's next chapter. We believe there is a unique opportunity to acquire other consumer luxury technology brands and intend to stay active in the category."
Jeff Poggi and Charles Randall, co-CEOs of the McIntosh Group also stated: "We are thrilled to continue to pursue our growth trajectory alongside the Highlander team. Across all brands and product categories we continue to see remarkable results and an excess of opportunity; we believe Highlander's financial approach and operational expertise can help seize these prospects."
Further comment was provided by Ben Slater, partner at Highlander, who added: "McIntosh Group sits at the intersection of several strong trends that we are eager to be a part of. The residential environment is rapidly evolving, with technology becoming an integral component throughout the home. Moreover, consumers across the demographic spectrum are demanding high fidelity audio now more than ever, and premium brands such as McIntosh and Sonus Faber are increasingly viewed as functional pieces of art."
Have loved the sound of Mcintosh gear but never owned any due to the cost...can imagine those costs going up considerably now, and probably the quality going down.
This Highlander firm also owns Sonus Faber, Sumiko
Speaking on the announcement, Jeff L. Hull, Highlander Partners president and CEO commented: "We have been evolving our investment strategy around consumer-focused brands and luxury goods over several years. The opportunity to acquire brands as strong as those within the McIntosh Group does not come often and we are very excited to be part of the Company's next chapter. We believe there is a unique opportunity to acquire other consumer luxury technology brands and intend to stay active in the category."
Jeff Poggi and Charles Randall, co-CEOs of the McIntosh Group also stated: "We are thrilled to continue to pursue our growth trajectory alongside the Highlander team. Across all brands and product categories we continue to see remarkable results and an excess of opportunity; we believe Highlander's financial approach and operational expertise can help seize these prospects."
Further comment was provided by Ben Slater, partner at Highlander, who added: "McIntosh Group sits at the intersection of several strong trends that we are eager to be a part of. The residential environment is rapidly evolving, with technology becoming an integral component throughout the home. Moreover, consumers across the demographic spectrum are demanding high fidelity audio now more than ever, and premium brands such as McIntosh and Sonus Faber are increasingly viewed as functional pieces of art."
