Canada now owns Martin Logan
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  1. #1
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    Canada now owns Martin Logan

    Mississauga, Ontario, Canada – May 13, 2019 – Scott Bagby and John Bagby are pleased to announce the successful purchase of Paradigm Electronics, Anthem Electronics, and MartinLogan Loudspeakers, effective May 10, 2019.
    Scott Bagby, one of the original founders of Paradigm Electronics, continues as Chairman and assumes the role of CEO. John Bagby, who has been active in many areas in the business over the last several years, takes on the role of Managing Director.

    “This is an exciting time in the industry and we look forward to the opportunity to move into the future with all three brands. We will continue to maintain and adhere to the core values of each brand as we strive for continuous innovation to deliver products with superior performance and value. We will operate with integrity and respect, building on the great relationships and strong friendships created over the years. This is our commitment to the industry,” Scott said.

    Paradigm, Anthem, and MartinLogan are iconic brands with a strong history of excellence and a commitment to the industry. In addition to products that excel on innovation and class-leading performance, industry partners across all three brands can expect a renewed commitment on ease of doing business, focusing on enhanced training and support.

    It is a time of change in the industry. Based on years of combined audio experience and innovative and entrepreneurial backgrounds, John and Scott are well positioned to move these three brands into the future.

    In 2005, Shoreview Industries, a Private Equity firm out of Minneapolis, acquired a controlling interest in Paradigm with Scott continuing with a minority position. Together they created SVI Holdings which then acquired MartinLogan Loudspeakers a short time later. With the purchase of the three brands completed last week, Shoreview Industries has exited the business.


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  3. #2
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    Re: Canada now owns Martin Logan

    Oh Canada, our home and native land,
    True patriots in all our sons command
    With glowing hearts, we see thee rise,
    THE TRUE NORTH STRONG AND FREE!
    NORMAN
    Custom PC with Memory Player Software Suite/ Modded Denon CD transport>Lampi GG1 (and sometimes PACIFIC) DHT tube Dac> Rowen 850W Isolating Transformer/ Rowen SS Preamp and PA1 monoblocs/Lampi Silk power cond. with Phase flipper> Heil AMT KITHARA & Syrinx in parallel hookup. Swiss cables (Reference line) for PC/interconnects and speaker cables. Goldmund Sweetcord PC. FTA Callisto unpowered USB cable. Basic analog: vintage Lenco L78 TT with Rowen mat, Denon MM cart, iFi iPhono2 with 15v Hynes SR3 LPSU. Synology 12 TB NAS. 2nd system:KenWin Bluetooth speaker 3rd system TBI Millemnium amp with Aulos speakers and SB Duo hookup.

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  5. #3
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    Re: Canada now owns Martin Logan

    Great news! I had sl3’s for more than 20 years and loved them. Wonderful product, now from a wonderful country. 👍

  6. #4
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    Re: Canada now owns Martin Logan

    Some pretty strong, recognizable, names there.

  7. #5
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    Re: Canada now owns Martin Logan

    I suspect ML's will still primarily be designed at their Lawrence, KS facility, with manufacturing at the Ontario factory (as it has been now for a number of years). Regardless, I'm really glad Shoreview didn't sell the brands to an offshore conglomerate. Sounds like the new owners were minority owners all along, and now have 100% ownership. I found this old video interview of Scott Bagby, and he is clearly dedicated to high-end audio.

    Squeezebox Touch/Bel Canto DAC 3.5VB + Oppo 205 > Conrad Johnson CT5 preamp and Premier 350 amp > Martin Logan Expression 13A's. Audience Au24e I/C's, speaker cable. Member of the Suncoast Audiophile Society.

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  9. #6
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    Re: Canada now owns Martin Logan

    Quote Originally Posted by sleepysurf View Post
    I suspect ML's will still primarily be designed at their Lawrence, KS facility, with manufacturing at the Ontario factory (as it has been now for a number of years). Regardless, I'm really glad Shoreview didn't sell the brands to an offshore conglomerate. Sounds like the new owners were minority owners all along, and now have 100% ownership.
    lets hope so Alan !
    Cheers ! …. Dave

  10. #7
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    Re: Canada now owns Martin Logan

    I thought Martin Logan was Canadian owned. I guess it is more like was, then is, then was and now is again.
    The story of Paradigm, Anthem, ML being owned at one point until recently, by a holding company (never a good thing) explains a few things.
    Now that the rightful folks are back in the saddle, I hope Paradigm will get back to making great speakers again as well.

  11. #8
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    Re: Canada now owns Martin Logan

    Quote Originally Posted by Audiophobiac View Post
    I thought Martin Logan was Canadian owned.
    yes it has been for some time now......... well at least in line with Shorline's other holdings from Canada
    Cheers ! …. Dave

  12. #9
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    Re: Canada now owns Martin Logan

    What about McIntosh; weren't they part of this group?

  13. #10
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    Re: Canada now owns Martin Logan

    Quote Originally Posted by Jeffy View Post
    What about McIntosh; weren't they part of this group?
    no, I don't believe so
    Cheers ! …. Dave

 

 
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