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BE Sold to Audax Group

BE Sold to Audax Group

Broadcast Electronics has been acquired by a Boston investment group. The supplier, based in Quincy, Ill., cast the sale as a “vote of confidence” from the investment world for its approach to HD Radio.
Audax Group acquired the big radio equipment supplier from Thompson Street Capital Partners.
“This acquisition is a vote of confidence in BE and the future of the radio market,” commented Broadcast Electronics President and CEO John Pedlow. “Our partnership with Audax will fuel our development and support of HD Radio as our market base continues to expand.”
Audax Co-CEO Geoffrey S. Rehnert cited BE’s “strong market position” and called it an attractive platform in broadcast radio equipment.
BE makes HD Radio transmission products and a studio suite integrating on-air production and automation activities with over-the-Internet and HD Radio data delivery.