AAMP of America
Clearwater, FL / USA
Manufacturer and distributor of iSimple and Pacific Accessory integration products, Phoenix Gold amplifiers, subwoofers and speakers, Stinger Electronics and SoundQuest Electronics accessories, Select Products, Best Kits and Harnesses and American International dash kits and wiring harnesses.
Clearwater, FL (December 4, 2008) – AAMP of America, Inc. – a portfolio company of Audax Group – is proud to announce the acquisition of Select Distributors, Inc. (commonly known as Select Products). With this move, AAMP of America strengthens its position in the mobile audio and electronics field and increases its product offerings in the installation and fabrication accessory arena. Additionally, the purchase represents a major investment by AAMP of America toward ensuring today’s specialty audio businesses receive the level of service, training and support they need to remain competitive in an ever-changing marketplace. An industry leader and parent company of such brands as Stinger®, iSimple®, Peripheral®, Sound Quest™ and Best Kits & Harnesses® – AAMP of America has begun enacting bold new steps as part of a forward-thinking strategy for the company’s future, especially in the face of dramatic changes in both the mobile audio and electronics industry and the nation’s current economic situation. Key aspects of this plan involve developing and delivering the level of products and tools its customers need to be successful, including such things as nationwide dealer outreach and installer training. To that end, the acquisition of Select Products advances these goals by bolstering the level of mobile installation and fabrication products AAMP of America offers, as well as providing some of the best installer training programs and videos in the industry. According to Ron Freeman, CEO of AAMP of America, “Since the beginning, AAMP of America has been a company dedicated to providing the very best to its customers: product, service, training…you name it. Select Products has shared those exact same values as long as I’ve known them. There’s a natural synergy there, so this acquisition not only makes good business sense, it also seems like a natural step in the growth and development of both companies. Also, we couldn’t be happier about welcoming Robert Garza, the President of Select Products, and his team to AAMP of America. Robert is an icon in the industry, a bona fide guru when it comes to custom audio installations, and an excellent public speaker and trainer. I’m excited by what he brings to the company and the future of Select Products as an AAMP of America brand.” Robert Garza had this to say about the future of AAMP of America and Select Products, “I see this acquisition as an excellent opportunity for Select Products and AAMP of America to grow and expand their respective capabilities. We’re now both in a better position to provide the products, training, services and support our customers need now and in the coming years. I want current Select Products customers to know that this acquisition won’t change any of the things you’ve come to expect and enjoy about doing business with us. In fact, many of those things will only get better. I also want to welcome AAMP of America customers – those who have done business with Select Products in the past and those that haven’t. I look forward to working with you in the future and encourage you to take a look at what we offer…I’m sure you’ll like what you see.” Select Products will make its public debut as an AAMP of America company in Las Vegas at the Consumer Electronics Show in January. Attendees are invited to stop by booth 5206 and see the full line of products available, as well as learn about AAMP of America’s exciting new plans for 2009 and beyond, especially in regards to Select Products. About AAMP of America: AAMP of America is a global supplier of a broad spectrum of mobile audio/video accessories, iPod/iPhone accessories, installation and fabrication supplies, and OEM integration solutions. AAMP of America brings new technologies to the forefront and provides its customers with the products, services and support necessary for success in a competitive market. AAMP of America is the parent company of several popular brands, including Stinger, PAC, iSimple, Phoenix Gold, Best Kits & Harnesses and Sound Quest. For more information, please visit www.aampofamerica.com. About Audax Group: Audax Private Equity invests over $2.4 billion of equity capital in control acquisitions of middle market companies across a wide range of industries. Audax seeks to acquire companies in which sound strategy and superior execution can enhance revenue and cash flow and create equity value. For more information, visit www.audaxgroup.com. # # #