THIEL Audio has announced that the company has been acquired by a private equity firm based in Nashville, TN. New THIEL CEO Bill Thomas has indicated that the brand focus will continue to be on premium quality phase and time coherent loudspeakers, with long time THIEL employees Brad Paulsen, Gary Dayton, Lana Ruth and Rob Gillum all remaining onboard.
“We identified THIEL as a brand with an unmatched heritage in performance audio and it is our intent to invest in the company’s infrastructure, strengthening the engineering department first and foremost,” stated Thomas.
In addition to Paulsen, Dayton, Ruth and Gillum remaining with THIEL, the entire factory team has been retained and the existing sales channel—comprised of reps and dealers—will remain in place. The R&D and manufacturing facility in Lexington, KY will continue to operate at full capacity as well and the company says there are no plans to close this operation.