Phoenix Gold Sold to Investment Group
Phoenix Gold International, the Portland based parent of renowned consumer and professional audio brands Phoenix Gold, AudioSource, and Carver, has been purchased by local investment group PHX AP Acquisitions and Phoenix Gold vice president Tom O’Mara. The new executive team has appointed Jonathan Cooley as CEO and Tom O’Mara as President. Additional management changes will soon be announced.
“The Phoenix Gold, AudioSource, and Carver names carry with them tremendous respect and credibility in the marketplace, and we want to insure their legacies will be carried well into the future,” O’Mara explained. “Since the most recent CEDIA, SEMA, and CES trade shows, these brands have launched cutting edge mobile and home theater audio products that have quickly gained industry accolades. We have new products currently being developed by some of the industry’s finest engineers that will be launched later in the year.”
The company’s new direction will focus on new products, revamped brand positioning and channel strategies, which will be implemented over the next few months as part of the new business plan. As part of the new plan, all domestic manufacturing will be terminated and the resources will be allocated to the core business focus.
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