Bergamot Asset Management has acquired a 50 per cent stake in Augspurger, and Professional Audio Design and Malekpour Design Partners. The three companies will now operate under Augspurger Holdco LLC, a new parent company created in partnership with Bergamot and Dave Malekpour, founder and president of the group.
The partnership follows several months of due diligence, and combines Bergamot’s capital investment and operational leadership with Malekpour’s entrepreneurial vision, positioning Augspurger for new growth and operational efficiencies.
Bergamot Asset Management CIO Christopher Liong has been appointed CEO of Augspurger Holdco LLC, with Malekpour to serve as President and Chief Product Officer.
‘Our new relationship with Bergamot opens a new phase of the Augspurger brand, allowing us to continue delivering the highest-quality products to our customers while significantly increasing our capacity to meet the increased demand for our monitors around the world,’ Malekpour says. ‘The partnership will also enable Augspurger to maintain inventory-ready production cycles, while opening up our distribution channels in every region. These operational improvements will help make our products more readily available to customers around the world.’
‘We recognise the value and legacy this legendary brand carries and have formed this partnership to facilitate the financial tools and logistical support needed for expansion, while honouring the sonic qualities and design attributes at the heart of the brand,’ Liong adds.
More: www.augspurger.com