McIntosh Group purchased by PE firm


Highlander Partners out of Dallas TX

Link: https://wnbf.com/binghamtons-legendary-audio-equipment-maker-mcintosh-labs-sold/

Second time in 10 years they have been bought. Will be interested to see what this means…

osodelnorte

@bigtex22  Sorry about that.  I guess it would be better to have posted:

Its 1960.  Let's go listen to a Mc + Klipschorn system.  Maybe they will play that thing where the train whistle goes from one speaker to the other...you know, STEREO.

Better?

Pretty face-plates and mil-spec components (Levinson) do not an accurate signal path make, sorry to say.  I like Mc, but if you are worried about their downfall after being purchased by yet another PE company, I wouldn't.  They will still be popular with a specific crowd, and I am sure their circuitry has improved a bit over the years to be closer to better companies today.  After all, they have to charge enormous prices to make sure the PE gets its cash back before they guarantee the first loan.

Cheers!

Well, looks like that private equity firm came up with a great idea to recoup some money and spread that McIntosh love: a $1,500 faceplate tacked onto a box.

Al the best,
Nonoise

Well, they have been selling a “dealer” light box for years… so not much new there.

The idea to make it able to store some other brand’s component and conceal it is kind of clever.

One of the three companies I worked for that was bought out by PE went bankrupt a few years earlier and was bought in bankruptcy by one investment company, who sold their interest to another a few years later, etc.  The guy who I worked with had 25+ years with the company and his retirement was all in company stock, which evaporated as a result of the bankruptcy.  He wasn't quite old enough to retire.  When the next set of investment firms bought the company, they outsourced most of IT and offered to "rebadge" him to the outsource firm, reducing his annual salary by $12k, reducing his vacation benefit by two weeks, increasing his contribution for health insurance, etc.  As you can imagine, he said "no thanks" to those "generous" offers and quit suddenly.

I sure hope that McIntosh had a 401k with a decent match and that the line employees participated, in case my story (above) will apply to them.