LOUD Audio, a portfolio company of Transom Capital Group, announced that it has sold the Martin Audio brand to UK-based mid-market private equity investor LDC, which invested £12m for a significant stake in the company, alongside its current management team led by Managing Director Dom Harter.
The investment will enable the business to further develop its product range, improve its sales and marketing capabilities through the extension of its global distribution network and enhance its digital infrastructure through software development, according to Martin Audio.
“While we are sad to see [Martin Audio] go, we believe this change will benefit both businesses by allowing for simplicity and focus. We wish the brand and all the Martin employees the very best of luck,” Mark Graham, CEO of LOUD, commented.
As part of the deal, LDC Investment Directors Troy Harris-Speid and Philip Weston will join the board, alongside James Browning who will join as Non-Executive Director.