Electra Partners acquires broadcast mixing console specialist Calrec Audio
The purchase by the independent private equity fund manager follows hot on the heels of its acquisition of another leading pro-audio name, Allen & Heath, last June.
Currently celebrating its 50th anniversary, Hebden Bridge-based will now become a sister company to Allen & Heath, which works out of a facility in Penryn, Cornwall.
“When we made our initial investment in the professional audio sector by supporting the buyout of Allen & Heath, Electra provided all of the new financing to ensure flexibility with respect to further acquisitions in the sector,” says Alex Fortescue, chief investment partner of Electra Partners. “The acquisition of Calrec shows the benefits of this approach, and both companies are well-placed to accelerate growth as a result.”
“We are delighted to have funded the acquisition of Calrec,” says Charles Elkington, investment partner of Electra Partners. “Part of our investment strategy in the professional audio sector is to acquire additional businesses to create a group of market-leading professional audio brands. We look forward to working with Roger Henderson and his team to continue to invest in developing new products for Calrec’s customers.”
“We are excited to be working with Electra Partners as we continue to develop our business into more international markets,” adds Calrec managing director Roger Henderson. “Calrec has experienced rapid growth over the past few years. We have a very healthy product portfolio, and we look forward to working alongside Electra Partners as we continue to break new technological boundaries.”