RCF Group acquires EAW from Loud Audio
- Details
The deal is said to be the final divestiture by Transom, which will now see Loud focus on its Mackie brand after also parting ways with Martin Audio in July.
Ty Schultz, managing partner at Transom Capital Group, comments: “Simplifying the Loud business to focus on high quality audio delivery from consumers to professionals has always been the focus of our thesis. We are very happy to have found a great new owner for the EAW brand and wish everyone involved much success going forward.”
Alex Nelson, Mackie’s president, adds: “While I have truly enjoyed working with all of the brands in the LOUD legacy, now it’s time for us to turn the page and to be entirely focused on building the Mackie brand. Our companies have long lived in a conglomeration of brands and I believe going forward all the brands are going to benefit from new found focus, alignment and investment.”
Arturo Vicari, CEO of RCF Group, says: “Since their early days, the two companies have been very close with RCF supplying professional drivers to EAW. Both brands successfully expanded around the world and their histories were often linked. Finally, we can look at a bright future together. Even though EAW will remain a totally independent company, being part of our group will provide EAW with the necessary investments and focus for a fast and solid growth. We are very proud to have EAW with us.”
TJ Smith, president of EAW, concludes: “For those who love EAW, it is difficult to imagine a better scenario. From the first moment this possibility started to materialise it has been clear that joining forces with RCF Group is a great opportunity for EAW. This transaction is a true recognition of what the brand represents, its potential, as well as the team we have built over recent years. With gratitude to the long list of those that built EAW over its 40-year history, we look forward to the exciting time in front of us.”
CapM Advisors acted as financial advisor to RCF Group. Studio Legale Chiomenti and Good Procter LLP served as legal counsel to RCF Group. Latham & Watkins LLP served as legal counsel to Loud and Transom Capital Group.
(Jim Evans)
