Community Loudspeakers based in Philadelphia, has been acquired by Biamp Systems, a supplier of professional audio and video solutions based in Beaverton, Oregon, through its purchase of Audioprof Group International from 3d Investors of Gent, Belgium.
Audioprof is the parent company of Community Loudspeakers and Apart Audio, which is based in Antwerp, Belgium. Biamp is a portfolio company of Highlander Partners L.P., a leading middle market private investment firm based in Dallas, Texas.
Community Loudspeakers has a long history of speaker design innovation. It’s a manufacturer of a broad range of premium speakers targeting demanding indoor and outdoor applications including commercial, leisure, stadiums, and other large venues.
Biamp President, CEO, and co-Chairman Rashid Skaf commented, "I am tremendously excited to complete this transaction. Building a comprehensive lineup of speakers has been a priority as we move to position Biamp as a full line provider of professional audiovisual solutions. Acquiring Apart Audio and Community Loudspeakers was our preferred route to accomplishing this goal quickly with incredibly strong and respected brands. The many products added to our portfolio give us powerful positions in several key growth markets for Biamp. With this move, Biamp has clearly established itself as a leader in the pro AV market."
