JAM Industries, a division of DCC Technology, has acquired Berlin CT-based The Music People (TMP), parent company of TMP-Pro and On-Stage.
Founded in 1979 by Jim Hennessey, TMP will operate as a division of JAM, managed by TMP’s Co-Presidents John and Sharon Hennessey, who now report directly to JAM Industries President and CEO, Martin Szpiro.
“Over the last 48 years, JAM has grown organically and through acquisition into a $400-million company comprised of eight divisions that serve a broad range of musical instrument, consumer electronics, pro-audio and lighting customers,” Szpiro said. “With the support of DCC we can now grow faster than ever before.”
AV contractors, production houses and retailers know TMP as the parent company of TMP-Pro, a supplier of pro-audio equipment for more 25 years, which currently distributes more than 250 brands. Consumers know TMP as the parent company of On-Stage, a brand of musical instrument accessories that include stands, drumsticks, cases and bags.
“The Musical Instrument and Pro Audio industry landscape has evolved a great deal over the last 40 years,” TMP Co-President, Sharon Hennessey, said. “What began as a small cottage industry of enthusiasts has become a much bigger industry that serves a broader range of customers across many vertical markets. John and I realize that we need to align our company with a partner that can help us meet our long-term growth objectives while exceeding the expectations of our customers. JAM is that partner.”
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