AVAD Acquired by Kingswood Capital Management

avad-logo-0716Kingswood Capital Management, an operationally focused middle market private equity investment firm, has announced that its controlled affiliate has acquired AVAD, LLC, as well as its subsidiary, AVAD Canada Ltd.

AVAD is a distributor of high-end audio and video solutions focused on the commercial and residential custom installation markets in North America, with more than 10,000 customers across the United States and Canada. The company offers premium AV solutions to small- and medium-sized businesses, commercial venues and mid-to-high end residential markets in the United States and Canada. Kingswood has recruited consumer electronics and distribution industry veterans, Tom Jacoby as chief executive officer and Fred Farrar as president.

Tom Jacoby, AVAD’s new chief executive officer said, “Fred Farrar and I have had the pleasure of working with AVAD as one of our customers over our many years in the consumer electronics industry. We hold AVAD in the highest regard and look forward to joining its strong, passionate team and extending AVAD’s market leading position. We have plans to invest in AVAD’s infrastructure and will particularly focus on using web enabled technology to deliver added value to all of our trading partners. We are delighted to be able to contribute our experience and commitment to this great organization.”

AVAD is here.