This acquisition follows The Focusrite Group’s acquisition of ADAM Audio back in July. According to Focusrite Founder and Chairman, Phil Dudderidge, the move has been a consideration for years.
“I have known Martin Audio since its beginnings in Covent Garden in 1971,” Dudderidge said. “Founder Dave Martin and I became close friends in 1989 when I served as an advisor to him and Non-Executive Chairman for a year or so as we prepared the company for sale to Tannoy Goodman International plc (TGI) in 1990. Martin Audio is a close neighbor to Focusrite Audio Engineering in High Wycombe, and their current management recognized that Focusrite plc was the obvious trade candidate to acquire the business from its private equity and management ownership structure. My conviction as to the outstanding performance of the Martin MLA system was cemented at BST Hyde Park concerts in recent years, notably Tom Petty in 2017 and Eric Clapton in 2018.”
Martin Audio will continue to operate from its headquarter offices and factory in High Wycombe, England, under the leadership of Managing Director, Dominic Harter.
In July 2018, Sound & Communications reported a management buyout in which LOUD Audio sold the Martin Audio brand to LDC, alongside a management team led by Dominic Harter.