Jam Industries, a North American distributor of musical instruments, professional audio and consumer electronics products, announced its partnership with the technology division of DCC plc, an international sales, marketing and support services group.
Tim Griffin, DCC Technology Managing Director, said, “The partnership with Jam represents the next step in DCC Technology’s strategy to extend its geographic footprint and product range, strengthening our relationship with new and existing suppliers while also broadening our base of customers. Importantly, the very strong service capability of Jam represents a significant step in DCC Technology’s continued execution of its plans to provide specialist value added services to all its vendors, resellers and retailers — bringing extensive brand reach and market access whilst simplifying the complex supply chain in our sectors.”
Jam CEO Martin Szpiro believes that the partnership represents the start of the next phase of development for Jam Industries. “By partnering with DCC, Jam has gained global reach and huge resource depth which will certainly accelerate growth plans in all of our three core sectors and into new territories,” Szpiro said. “The partnership will allow us to grow scale and capability across all of our services and vertical markets and enable us to continue to invest in our supply chain expertise which is so critical in today’s marketplace.”
Jam’s experienced management team, including CEO Marty Szpiro, who remains a shareholder, and CFO Stuart Frenkel, will continue to manage the business post-acquisition and are committed to leading the business through the next phase of its development. In addition, Jam founder Martin Golden and his son Matthew Golden will also remain involved with the business adding to the continuity.
Sound & Communications also reported back in July that DCC Technology acquired Stampede Global Holdings Inc.
“Following the acquisition of Stampede in July 2018, our investment in Jam adds an exciting new brand to our portfolio,” Griffin stated, “and means that we now have a $600m+ revenue business in North America with a strong, service-led specialist focus on pro audio and visual technologies, musical instruments and consumer electronics.”