AVAD Acquired by Kingswood Capital Management
AVAD has 10,000-plus customers in North America in the home automation and A/V space.
LOS ANGELES — AVAD, a distributor for home automation and A/V gear, has been acquired by private equity firm Kingswood Capital Management.
AVAD has more than 10,000 customers across the United States and Canada and Kingswood calls it one of the most recognized brands in the system integration market. It offers solutions for video, audio, networking, HVAC, lighting control, security, home automation, digital signage and system design.
Tom Jacoby will serve as CEO and Fred Farrar as president, two consumer electronics and distribution industry veterans.
“Fred Farrar and I have had the pleasure of working with AVAD as one of our customers over our many years in the consumer electronics industry,” Jacoby said. “We hold AVAD in the highest regard and look forward to joining its strong, passionate team and extending AVAD’s market leading position.
“We have plans to invest in AVAD’s infrastructure and will particularly focus on using web enabled technology to deliver added value to all of our trading partners. We are delighted to be able to contribute our experience and commitment to this great organization.”
Kingswood says the partnership will provide AVAD with the executive leadership, operational resources and capital necessary to realize AVAD’s long-term strategic goals.
Kingswood picked up AVAD after its parent company Ingram Micro was sold for $6 billion to the Chinese conglomerate Tianjin Tianhai earlier this year.
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