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Sound United to Acquire Bowers & Wilkins

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Here’s the PDF press release.
 

Sound United Announces Intent to Acquire B&W_FINAL.pdf

BRING JOY TO THE WORLD THROUGHSOUND1ViperWay,SuiteC,Vista,CA92081760.536.5300Sound United Enters into a Preliminary Agreement to Acquire Bowers & WilkinsVista, Calif (June12, 2020)—Sound United LLC, parent company toDenon,Polk Audio,Marantz,Definitive Technology,HEOS,Classé, andBoston Acoustics, today announced it entered into apreliminary letter of intent to acquire Bowers & Wilkins, a leading designer and manufacturer ofprecision home speakers, headphones, custom installation products, wireless speakers, and brandedaudio systems in the automotive and television markets.“Over the course of five decades Bowers& Wilkins built one of the most prestigious brands in the globalspeaker market with industry-leading acoustical engineering, iconic design and marketing,” said KevinDuffy, CEO at Sound United. “B&W is a transformative brand and we look forward to the opportunity tofinalize the transaction.This reflects Sound United’s unwavering focus to achieve its mission of bringingjoy to the world through sound.”The proposed transaction remains subject to ongoing discussions, confirmatory diligence, regulatoryapprovals, and other required consents. Sound United and Bowers & Wilkins will release further updatesin relation to the status of the proposed transaction at the appropriate time.Sound United is a portfolio company of Boston-based private equity firm Charlesbank Capital Partners,LLC.


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