Huge news in the world of high-end audio: McIntosh Group has been acquired by Highlander Partners, a Dallas-based private investment firm that manages over $2 billion in assets.
Highlander Partners announced the news in June, describing the acquisition as an anchor for its new “luxury technology platform”.
McIntosh Group has a big portfolio, of course, manufacturing and distributing McIntosh and Sonus Faber as well as distributing products for Pro-ject, Rotel and Bassocontinuo, supplying high-end in-car audio solutions to the likes of Jeep and Maserati, and also owning high-end distributors Sumiko, Fine Sounds UK and Fine Sounds Benelux.
“We have been evolving our investment strategy around consumer-focused brands and luxury goods over several years,” said
Jeff L. Hull, Highlander’s President and CEO. “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.”
Commenting on the news, Jeff Poggi and Charles Randall, coCEOs of the McIntosh Group, said: “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.”
So, despite McIntosh ownership having changed hands several times over the years, it all sounds very positive for now.