Triad, a 30-year old company, manufactures high-quality, built-to-order premium audio speakers to meet the discerning demands of homeowners – for home theaters, family rooms, whole-home or multi-room audio, as well as for outdoor environments. The acquisition of Triad is a strategic addition to the Control4 entertainment portfolio, which includes the fully programmable Control4 EA-series controllers with native high-resolution streaming music services, its family of multi-room audio matrix switches and amplifiers and its family of ultra-HD 4K video matrix switches with audio down-mixing capabilities.
Effective immediately, all Triad dealers in North America are now able to place their product orders and customization requests via a brand new online dealer portal. Control4 and Pakedge dealers may also order Triad solutions online, starting today. In the coming weeks, the Triad dealer portal will also include technical training information and additional marketing resources.
Nearly the entire Triad team will be joining Control4, including founder Larry Pexton, as well as the Triad’s R&D, manufacturing and custom-services employees, all of whom will continue operating from Triad’s existing facility in Portland, Ore.
Total consideration for the acquisition of Triad consisted of $9.6 million in cash. Triad generated approximately $9 million in revenue in 2016. Control4 plans to invest in the operations of the business during 2017 in order to push adoption of these products through its larger sales channels.