How many times does this make that Mac and SF have been sold?
McIntosh purchased by Bose...NOT an April Fool's joke.
Unfortunately, the world is officially in decline.
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Most PE companies purchase a firm with lots of cash and/or good cash flow, drain the cash and replace it with debt, keep the investment for a few years and sell off the asset. From what I've read Highlander Partners purchased McIntosh, but was very much "hands off" and probably made a good return on their investment because of that. I suspect that Bose won't cheapen up this brand, too much to lose if the quality slips and it's not respected as the sort of high-quality product it currently is. |
@tkrtrb125 ... indeed, best response!! |
@blackbag20 Thank you. |
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