Fine Sounds purchased McIntosh from D+M Holdings, a Bain company, in 2012.
In 2014 Charlie Randall and Mauro Grange purchased Fine Sounds with two private equity partners. They subsequently purchased Audio Research, Wadia, Sumiko, and some others I may have forgotten. Somewhere along the way they changed the company name to McIntosh Group and sold Audio Research back to a group of AR an employees.
Fast forward to 2022 and it’s likely the original private equity partners were looking for an exit. 8 years is a long hold time in the private equity world. So this in not unexpected, and portends nothing.