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

Expect McIntosh to be bust within 5 years.

Wrong they have been owned by PE several times.

PE is not always evil. Ducati was bought by Texas Pacific Group. They re engineered the entire line, made it profitable, got their multiplier and sold the company to Audi. Oh and won several MotoGP and WSBK titles and are kicking but in America.

Parts Authority in NY auto part’s owns a part of Rock Auto owned by PE and is the fastest growing independent auto parts group in America (coast to coast) .

So a few have had a bad experience my flight from New Orleans to Montréal sucked yesterday that mean I will never fly Air Canada again, think not.

PE is not always bad. Unless you are a communist and well not even then. the PRC owns all the US debit so they are PE and they are looking for ROI. 

 

I hope ejr1953 is correct.  I've owned 3 McIntosh integrated amps over the years and have been happy with them all.  Unless the naysayers have super golden ears, the blue meters are an attractive cosmetic touch but they are not a mask to cover inferior quality.

This is the business model that Mitt Romney made his fortune from. 

  • Take over board by buying out members
  • Take out loans and saddle company with debt
  • Charge enormous fees for "managing" things
  • Make it more efficient by cutting quality and downsize labor to pay interest on debt
  • State your mission accomplished and leave company with debt so large they have to declare bankruptcy 
  • Move onto next victim business

To think this used to be illegal a long time ago makes one wonder....

All the best,
Nonoise