Audio Research Sold to Former Employee
Audio Research moves from McIntosh Group to TWS Enterprises for its next chapter.
Trent Suggs, the former North America sales director at Audio Research, has purchased Audio Research Corporation (ARC) under the TWS Enterprises banner from the McIntosh Group who has owned it for the past six years.
The lauded tube amplification manufacturer celebrates its 50th anniversary this year, and it seems that it won't only be its commemorative book that's turning a new page.
Under the McIntosh Group, ARC has enjoyed increased exposure through being displayed alongside its sister brands, as well as receiving a new industrial design through McIntosh Design Lab.
Jeff Poggi, Co-CEO McIntosh Group, told StereoNET:
It has been an honour and privilege to lead Audio Research for the past 3 years. 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.
As well as Trent Suggs, who rejoins the company with dual roles, as President and as Director of North American Sales; Brandon Lauer will also rejoin Audio Research with dual roles, as Director of International Sales and as Director of Marketing. Finally, Dave Gordon will assume the role of Managing Director. No other staff changes are planned, according to the official statement.
Additionally, product development, engineering, and manufacturing will continue at the company's 20,000 square foot facility in Maple Grove, a suburb west of Minneapolis.
Trent Suggs commented:
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 organisation is truly an honour. Audio Research will continue our never-ending pursuit for excellence.
TWS Enterprises, LLC is a privately-owned company created to hold Audio Research equities; it is not part of a group. The company's objective, we are told, is to further enhance brand reputation and to focus on the unique processes that nourish the culture and product innovation at Audio Research.
StereoNET UK’s Editor, bass player, and resident rock star! Jay’s passion for gadgets and Hi-Fi is second only to being a touring musician.
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