New Ownership at Parasound

I wish them the best.

We need companies like Parasound to bring people into this hobby. I'm guessing most people don't go right for mbl as their first system. :)
 
The new owner is saying the right things. He obviously is making an investment in buying the company, so he wants a reasonable ROI. The question is whether his supply chain experience can improve the profitability of the company while maintaining the quality. So many founder-owners sell their companies to new owners who don't have a deep understanding of the business and the particular secret sauce that the founder-owners have developed to maintain the quality of the product and and the same time get the ROI that the new owner thinks is appropriate for the investment. The ideal new owner brings expertise to add value to the company, along with the humility to maintain the elements of the company (including its culture) that have made it worth buying. Also is the founder-owner willing to sell the company for a lower offer price to a better future owner, and can the founder-owner accurately judge the new owners capabilities and willingness to continue the quality of company.

Not every founder-owner has the luxury of passing on the business to the next generation like Wilson or Weisfeld and even then, passing it on doesn't guarantee maintaining the quality.

Larry
 
I may have been interested in buying it, provided it didn’t have crazy debt on the books like some other company that recently sold. [emoji15]


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IIRC, the owner of Music Direct bought Mobile Fidelity when MoFi was in very serious financial difficulty. At the time Music Direct was still in its early stages, I think maybe even running out of its owner's home. Not sure whether the owner picked up any debt owed by MoFi.

Larry
 
Of course, everyone wants a good spin but both Schram and Sheriff seemed to be pleased and excited about the transition according to the article.
 
Congratulations to the new Parasound owners. That's an reassuring article! I'm glad to hear John Curl is enthusiastic for it. I just bought a JC 5 (the champagne color is gorgeous). Also a JC 2 BP that was open box but no manual. I wanted to contact Parasound last week to see if they have a printed manual available, think I 'll give em a ring next week and bother them! ps. also have an old Adcom 545 amp, John Curl design, big fan.

Rich
 
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