Announcement

Collapse
No announcement yet.

TWS Enterprises Purchases Audio Research

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • TWS Enterprises Purchases Audio Research


    FOR IMMEDIATE RELEASE -
    AUDIO RESEARCH CORPORATION UNDER NEW OWNERSHIP




    Minneapolis, Minnesota (August 25, 2020) – TWS Enterprises, LLC, a privately held company owned wholly by Trent Suggs, has agreed to purchase Audio Research from the McIntosh Group, Inc. subject to completion of due diligence which is expected to be finalized by the end of August. As Audio Research celebrates its 50th Anniversary this year, it is time to embark on the next chapter of its journey in high performance music reproduction.

    During the past six years that Audio Research has been owned by the McIntosh Group, it has enjoyed expanded marketing opportunities and exposure to new market segments. The Design Lab at McIntosh Group also defined a new industrial design incorporating iconic elements of past products while introducing a refined, modernized aesthetic. Audio Research products were showcased with the other brands of the McIntosh group, providing wide market visibility in the United States and internationally. The support and friendship is truly appreciated.

    ‘It has been an honor and privilege to lead Audio Research for the past 3 years’, says Jeff Poggi, Co-CEO McIntosh Group. ‘It is with mixed emotions that we are selling Audio Research. It has been rewarding to work with the passionate team of audiophile enthusiasts and craftspeople that make Audio Research the most respected high-end valve electronics company in the world. Yet, I couldn’t be happier knowing that the brand will be under great leadership with Trent Suggs at the helm.’

    There will be two familiar additions to the team: Trent Suggs will rejoin the company with dual roles, as President and as Director of North American Sales; Brandon Lauer will rejoin Audio Research with dual roles, as Director of International Sales and as Director of Marketing. Dave Gordon will assume the role of Managing Director. No other staff changes have been planned. Product development, engineering, and manufacturing remain at the company’s
    20,000 square foot facility in Maple Grove, a suburb west of Minneapolis. The unique culture and processes of Audio Research will remain and will become core functions of the company’s future development. Audio Research’s value of high-performance music playback will remain at the center of all development, to continue the brand’s exceptional reputation within the market.

    ‘I am extremely excited for this opportunity to be back as a part of Audio Research. As former North American Sales Director, I was able to build upon the excellence associated with this corporation. Jeff and the McIntosh Group have been instrumental during this process, and to them many thanks. We look forward to our continued relationships with our valued partners for another 50 years. Being part of such an amazing organization is truly an honor. Audio Research will continue our never-ending pursuit for excellence.’ - Trent Suggs

    TWS Enterprises, LLC is a privately-owned company created to hold Audio Research equities; it is not part of a group. The objective for TWS Enterprises is to further enhance brand reputation and to focus on the unique processes that nourish the culture and product innovation at Audio Research. Maximizing workforce talents while returning to small company values will allow Audio Research to strengthen its relationships, respond quickly to market demands, and continue to build some of the most sought-after electronics available today.

    Audio Research Corporation was founded in 1970 by William Z. Johnson and is one of the oldest manufacturers of vacuum tube electronics in the world. Founded with the singular goal to advance the state-of-the-art in music reproduction, today it is one of the most recognized brands in high performance music playback systems.

    Myles B. Astor, PhD, Administrator
    Senior Editor, Positive-Feedback.com
    ________________________________________

    -Magico S5 Mk.2 speakers with SPod feet
    -Goldmund Telos 280 stereo amp
    -Goldmund Mimesis 37S Nextgen preamplifier
    -Doshi V3.0 phonostage
    -VPI Vanquish direct-drive turntable
    -VPI 12-inch 3D Fat Boy dual pivot tonearm, VPI 12-inch 3D Fat Boy gimballed and SAT LM-12 arm
    -Lyra Atlas SL Lambda, Fuuga, vdh Colibri Master Signature, MutechHayabusa, MOFI Master Tracker, Sumiko Songbird cartridges
    -Technics RS1506 with Flux Magnetic heads, Doshi V3.0 tape stage (balanced)
    -Assorted cables including Transparent XL Gen. 5, Skogrand, Viero, Kubala-Sosna, Audience Au24SX, Genesis Advanced Technologies and Ensemble Power Cords
    -Accessories including Stillpoint Aperture panels, Cathedral Sound panels, Furutech NCF Nano AC receptacles; Silver Circle Tchaik 6 PLC, Symposium ISIS and SRA Craz racks, Audiodharma Cable Cooker, Symposium Ultra and assorted SRA platforms.

  • #2
    I hope they bring back an entry-level line. 8K+ per component is just not a proposition for most people.

    Comment


    • SundayNiagara
      SundayNiagara commented
      Editing a comment
      A while back, Dave Gordon was in a video chat with Alan Jones,of HiFi Buys. Dave said ARC is working on a lower-priced integrated amp slated for introduction later this year.

  • #3
    All equity holding enterprises draw a line in the sand to get their money out- Let's see how long this one lasts- ARCvmay very well be another hot potato in 3-7 years . Although I must admit the Italian dream for middle of the road Minnesota was an unusual pairing and maybe even contradictory.

    Front end: Aesthetix Io Eclipse with 2 Power Supplies and Volume controls
    Brinkmann Balance & RonT Tube Power supply with Kuzma 4-point ,FR64S, Brinkmann 12.1 , .Koetsu Jade Platinum,Koetsu Rosewood Signature Platinum, Lyra Atlas, Lyra Etna SL Goldfinger Statement, KLAUDIO RCM, HRSM3X
    Amps: Wyetech Topaz, Futterman H3 Quad II,Citation II, Marantz 8b, 5 ,2
    Pre-Amps:Marantz 7, Marantz Model 1 Consolette Pair
    Speakers: Quad ESL 57, Beveridge Model 3 DD amps, REL S/2 x 2
    Otari 5050BXII, DeHavilland 222

    Comment


    • #4
      Hopefully they can develop some product that's more affordable. I had a SP-16 which was pretty good new it was around 2K. Maybe they can develop a preamp around 3.5K and an integrated for about 4-5K. entry level now is $8500 for the LS-28

      Comment


      • #5
        Originally posted by kcin View Post
        All equity holding enterprises draw a line in the sand to get their money out- Let's see how long this one lasts- ARCvmay very well be another hot potato in 3-7 years . Although I must admit the Italian dream for middle of the road Minnesota was an unusual pairing and maybe even contradictory.
        The Italians bought ARC more than a decade ago. Mac has been running the show for much less than that.

        Trent Suggs is beholden to Trent Suggs, not a holding company. His dream is not to flip ARC or to "get his money out." His goal is to rebuild an icon and create the wherewithal to continue into the next generation when the time comes. That's means building a succession plan from within.

        Comment


        • metaphacts
          metaphacts commented
          Editing a comment
          ARC has been equity held since the original 2008 acquisition.

          Trent is self capitalized. Knowing all the parties involved, I'm very excited for ARC's future.

        • kcin
          kcin commented
          Editing a comment
          Correct me if I am wrong, wasn't ARC subsequently bought out a second time from the original holding company by Randall and other investment interests about 5-6 years ago? I certainly hope this 3rd ownership position since WZJ sold is very successful.

        • metaphacts
          metaphacts commented
          Editing a comment
          There have been multiple rounds of infusion since the original Quadrivio purchase in 2008.

      • #6
        Great news. I think there are enough WZJ disciples/true believers left in Lake Wobegon to make this work.I am very happy for Dave Gordon.

        Comment

        Working...
        X