Sound United Acquires D+M Group, Becomes AV Powerhouse - Home Theater Forum and Systems - HomeTheaterShack.com

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post #1 of 19 Old 02-28-17, 11:00 AM Thread Starter
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Sound United Acquires D+M Group, Becomes AV Powerhouse


There’s a new sheriff in town. Today, Sound United (parent company of Polk Audio and Definitive Technology) announced the blockbuster purchase of D+M Group, owner of Denon, Marantz, Boston Acoustics, and Heos multi-room audio. The transaction officially closed as of February 28th and the unification process has begun. According to a company letter to industry partners and dealers, shipments and services from these brands will continue uninterrupted.

This acquisition marks the marriage of the largest supplier of AV receivers in the world and the largest supplier of loudspeakers in the North American market. The combination of companies will be known as “Sound United.” Sound United is a division of DEI Holdings, a portfolio company of a Boston-based private equity firm called Charles Capital Partners, LLC.

Kevin Duffy, CEO of Sound United, has been designated to serve as CEO of the entire group of companies going forward. According to Duffy, "Sound United and the D+M Group employees share a culture of innovation and customer focus. We plan to leverage those core values in the combined company in order to offer consumers and our channel partners a breadth of complementary products while expanding our investments in technology development and marketing." He continued by stressing that each of Sound United’s individual brands will continue to be highly differentiated in the marketplace.

D+M Group CEO Jim Caudill, who will continue as an advisor to the consolidated company, added, "This transaction is a testament to D+M Group's employees and exceptional brands and all that we've accomplished in the audio industry. By joining Sound United, we expect to deliver tremendous value to our customers through access to Sound United's aspirational speaker brands including Polk Audio and Definitive Technology. We believe that this transaction will drive compelling opportunities for our employees, customers, and suppliers, and are looking forward to ensuring the success of the new organization."

This is an interesting move for the former speaker-focused company, and will likely help brands such as Polk and Definitive Technology gain further traction in global markets. It remains to be seen if Sound United will opt to share technologies across brands.

Image Credit: Sound United
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post #2 of 19 Old 03-02-17, 09:01 PM
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Re: Sound United Acquires D+M Group, Becomes AV Powerhouse

Not sure I am a fan of monopolies. And I guess we will find out if this increases or lowers product costs.

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post #3 of 19 Old 03-04-17, 06:21 PM
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Re: Sound United Acquires D+M Group, Becomes AV Powerhouse

Agreed, it certainly does consolidate a lot of big names brands under one roof.

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post #4 of 19 Old 03-06-17, 09:17 AM
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Re: Sound United Acquires D+M Group, Becomes AV Powerhouse

There have certainly been a lot of mergers and buyouts in the industry lately. I'm not sure how I feel about that. Harman was the biggest shocker for me. Hopefully it all leads to good things for manufacturers AND consumers.
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post #5 of 19 Old 03-06-17, 11:00 PM
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Re: Sound United Acquires D+M Group, Becomes AV Powerhouse

Quote:
bkeeler10 wrote: View Post
There have certainly been a lot of mergers and buyouts in the industry lately. I'm not sure how I feel about that. Harman was the biggest shocker for me. Hopefully it all leads to good things for manufacturers AND consumers.


I was shocked by Harmon too. Disappointed actually. Things like these usually end up poorly. I also hope it works out but my gut says it won't. Can you imagine a set of revel towers that say Samsung on the grill? I hate that with enough money you can just buy whatever company you want and exploit them and their work. Samsung wants to be a player but I wish they would do it by finding their own way. Like it should be.
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post #6 of 19 Old 03-09-17, 11:23 AM Thread Starter
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Re: Sound United Acquires D+M Group, Becomes AV Powerhouse

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bkeeler10 wrote: View Post
There have certainly been a lot of mergers and buyouts in the industry lately. I'm not sure how I feel about that. Harman was the biggest shocker for me. Hopefully it all leads to good things for manufacturers AND consumers.
You have to wonder about the financial health of some of these companies... especially as Millennials become a larger part of the buying equation. Something tells me they're going to have a huge impact on the market, shifting away from big bulky speakers and TVs....
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post #7 of 19 Old 03-24-17, 11:38 AM
 
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Re: Sound United Acquires D+M Group, Becomes AV Powerhouse

I am confused... Harmon owned Denon, and Samsung bought Harmon, and immediately it is released that Denon will now be American made since it is now owned be the USA. So who owns Mark Levinson, and the other Companies now?

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post #8 of 19 Old 03-24-17, 12:09 PM
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Re: Sound United Acquires D+M Group, Becomes AV Powerhouse

I wasn't aware that Harman ever owned Denon . . . I don't think they did.
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post #9 of 19 Old 03-24-17, 01:53 PM
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Re: Sound United Acquires D+M Group, Becomes AV Powerhouse

At one point I tried to write it all down because the merger mania had gotten to the point of ridiculous, and I simply couldn't keep track. Here's the last version I had...

  • Audiovox: Klipsch, Jamo, Mirage, Energy, Athena (out of business)
  • Core Brands: ELAN, Niles, SpeakerCraft, Sunfire??
  • Harman International: JBL, Infinity, Harmon Kardon, AKG, Crown, Revel, Lexicon
  • International Audio Group: Audiolab, Castle Loudspeakers, Luxman, Mission, QUAD, Wharfedale
  • Jade: Emotiva, Sherbourn, Bob Carver
  • Lenbrook Group: NAD, PSB
  • MSE Audio: Induction Dynamics, Phase Technology
  • Shoreview Industries: Anthem, Paradigm, Martin Logan
  • Sound United: Boston Acoustics, Definitive Technology, Denon, Escient, Marantz, McIntosh, Polk Audio, Snell Acoustics

Not sure how much of it is still accurate though.

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post #10 of 19 Old 03-24-17, 02:44 PM
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Re: Sound United Acquires D+M Group, Becomes AV Powerhouse

Dont forget Onkyo also acquired Pioneer in 2015.

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