McIntosh Group explained

McIntosh Group (formerly Fine Sounds Group) is an American holding company specializing in audio equipment and owns the brands McIntosh Laboratory, Sonus Faber, Fine Sounds Americas, Sumiko Phono Cartridges, Fine Sounds BeneLux, and Fine Sounds U.K. They also have a Sonus Faber partnership with Maserati and a McIntosh audio partnership with Jeep. [1]

History

The Fine Sounds Group project took shape in 2007, when the asset management company Quadrivio SGR – main shareholder of the group – acquired the brand Sonus Faber, an Italian company specializing in high-end loudspeakers. In 2009 Mauro Grange joined the group as CEO of Sonus Faber.

The "buy and build" strategy carried on by Quadrivio resulted in the acquisition of Audio Research in 2008,[2] Sumiko in 2010,[3] Wadia in 2011[4] and McIntosh Laboratories in 2012,[5] which constitute the holdings of Fine Sounds Group. Through the acquisition of these brands, Fine Sounds Group became a relevant holding company in the sector of high-end audio, with €50 million sales in 2011.[6] The holding company took part in an official event as one unique family for the first time in 2013, with the participation in the Munich High End Show.[7]

On 9 May 2014 Mauro Grange and Charlie Randall, president of McIntosh Laboratory, Inc., announced their plans for a management buyout of Fine Sounds Group in partnership with LBO France and Yarpa, including a relocation of the Headquarters from Milan to New York.[8]

On 10 August 2016 Fine Sounds Group was officially renamed McIntosh Group.[9]

Effective 31 December 2016, Mauro Grange stepped down as Co-CEO of McIntosh Group. Charlie Randall stepped-in as the CEO of McIntosh Group. [10]

In July 2017 McIntosh Group appointed Jeff Poggi to co-Chief Executive Officer and Board member.[11]

In September 2020 Audio Research left the McIntosh Group when Audio Research was sold to its former North American Sales Manager, Trent Suggs.

In June of 2022, McIntosh group was acquired by Dallas based equity firm, Highlander Partners, as part of their investment portfolio. [12]

Brands

Notes and References

  1. https://mcintoshgroup.com/
  2. Web site: Audio Research Acquired by Quadrivio . Stereophile.com . 2008-01-30 . 2014-02-20.
  3. Web site: Fine Sounds SpA Acquires Sumiko . Stereophile.com . 2011-07-11 . 2014-02-20.
  4. Web site: Fine Sounds Acquires Wadia Digital . AVguide . 2014-02-20 . dead . https://web.archive.org/web/20140115083008/http://www.avguide.com/article/fine-sounds-acquires-wadia-digital . 15 January 2014 . dmy-all .
  5. Web site: Fine Sounds Group Acquires McIntosh Laboratories . The Absolute Sound . 2012-10-08 . 2014-02-20.
  6. Web site: Fondo Q2 - Fine Sounds Group . Quadrivio SGR . 2014-02-20 . dead . https://web.archive.org/web/20131006110849/http://www.quadriviosgr.com/en/quadrivio-fine-sounds-group.asp?p=1 . 6 October 2013 .
  7. Web site: Fine Sounds Group @ Munich Hi End 2013 . YouTube . 2013-06-06 . 2014-02-20.
  8. Web site: Grange and Randall Lead Management Buyout of Fine Sounds Group in Partnership with LBO France and Yarpa . marketwatch.com . 2014-05-09.
  9. Web site: Fine Sounds Group changes name to McIntosh Group . Twice.com . 2016-08-10.
  10. https://www.prnewswire.com/news-releases/mcintosh-group---ceo-mauro-grange-stepping-down-after-8-years-at-the-helm-of-the-group-300394757.html
  11. Web site: McIntosh Group Adds Co-CEO. en-US. 2019-01-22.
  12. https://www.prnewswire.com/news-releases/highlander-partners-announces-the-acquisition-of-mcintosh-group-the-leader-in-premium-consumer-audio-technology-301568245.html

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