The Freedman Group, which owns audio brands including RØDE, Mackie, Aphex, SoundField, and Event Electronics, has today announced the acquisition of Lectrosonics.
This is certainly something I didn’t see coming, but with a lot of pressure coming from the myriad of affordably priced wireless audio systems that have saturated the market in recent years, it isn’t surprising that Lectrosonics has agreed to be acquired.
Founded in 1971 and headquartered in New Mexico, USA, Lectrosonics has been at the forefront of UHF wireless audio technology for film, broadcast, and high-end theatre applications for over five decades. With a reputation for unmatched reliability and refined technical excellence, the company received an Academy Award in 2017 for its revolutionary Digital Hybrid Wireless Technology, further cementing its status as the gold standard in professional wireless audio and the equipment of choice for audio professionals worldwide.
“We are thrilled to welcome Lectrosonics to The Freedman Group family. For decades, Lectrosonics has been synonymous with the highest possible performance along with unmatched reliability and innovation in professional wireless audio. Their uncompromising commitment to quality perfectly aligns with our own values and strengthens our position as a global leader in professional audio solutions.
I am beyond excited and genuinely humbled that Lectrosonics is joining our team. They are without doubt the world’s leader in wireless communication for the entertainment and broadcast markets. Being able to now offer our customers the finest sounding wireless technology in the world is, without exaggeration, something that is very special to me.”
Peter Freedman AM, Founder and owner of The Freedman Group
While financial terms remain undisclosed, the deal encompasses the company’s brand, complete intellectual property portfolio, factory buildings in Rio Rancho, New Mexico, and a comprehensive array of production machinery and equipment. The Freedman Group has confirmed that Lectrosonics will continue to operate from its existing facilities in New Mexico, with the current management team remaining in place to ensure continuity and preserve the brand’s unique identity and customer relationships. The transaction was brokered by PwC’s M&A team, led by Troy Porter and James Hocking, on behalf of The Freedman Group. Mediabridge Capital Advisors served as M&A advisors to Lectrosonics.
The addition of Lectrosonics to The Freedman Group strengthens the Group’s global portfolio, offering new opportunities for growth, innovation, and manufacturing diversity across its Australian headquarters and US operations.
While it is sad to see so many smaller companies in our industry getting swallowed up by larger ones, at least for the time being, Lectrosonics looks like it will operating as it always has.
It will be interesting to see what new products come out of this acquisition.
