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SVS Under New Ownership - Specialty Technologies, LLC

by May 30, 2011
SVS Reorganizes under Specialty Technologies, LLC

SVS Reorganizes under Specialty Technologies, LLC

SVS just announced this week that it has a new parent company is Specialty Technologies, LLC. Specialty Technologies is apparently a newly formed LLC. SVS says the new company is made up of enthusiast and CE professional partners (we're assuming some of which have some money to invest into operations, of course). The company is saying that the "new SVS" will be better equipped to manufacture new products and meet the demands of its customers. While SVS has had a reputation for impeccable customer service in the past, it has also met with limited demand. As the company grows, it's also good to have access to greater resources to support a larger consumer base. SVS says that its core team will be fully integrated with Specialty Technologies, so both value and performance shouldn't change considerably. We're also expecting that the SVS brand will stay in place, since that is what's recognized and it would make little sense to rebrand or tack on a company with zero name recognition. 

Since SVS is working through the ramifications of this acquisition/reformation, or whatever you want to call it, consumers should expect some delays in current order fulfillment. SVS is expecting to begin shipping again by June 3, 2011 - a move that indicates their location is likely changing with respect to building and warehousing subwoofer and loudspeaker products.

 

Update as of 6/01/2011

About Gary Yacoubian
Gary Yacoubian is a 25 year Consumer Electronics veteran who was formerly President of A/V Specialty chain MyerEmco AudioVideo, based in the Washington, DC area. He is also Immediate Past Chair of the Executive Board of the Consumer Electronics Association (CEA, producers of International CES), and for the past two years has been Vice President, Strategic Development at Monster Cable. Yacoubian will continue to assist Monster Cable and the Head Monster, Noel Lee, as Senior Strategic Advisor to the Head Monster, in addition to his role at SVSound.

SVS, Going Forward
SVS will retain its core team of senior design and product management under the new regime, and will remain true to the vision that has made SVSound a great company with unparalleled products and a dedicated, enthusiastic customer base. Founder Ron Stimpson will continue to play a key role, as will VP and Chief Operating Officer, Ed Mullen.


Yacoubian states, “I am thrilled to be a part of SVSound, as are my partners at Specialty Technologies. We view SVS as a platform to see what is possible in the world of specialty high-performance audio today and in the future. This is a niche that has historically been hugely important to the Consumer Electronics industry, but has been mostly neglected in favor of „hunkering downduring a global recession. The recession is subsiding and many of the potential competitors in this space have sold it out and are no longer respected as specialty, differentiated, or premium. We see this as a moment in time for the specialty channel, both via direct-to-consumer, but also via a professional dealer base. I would invite my friends in our industry to stay tuned!!

 

abrallult posts on September 04, 2012 02:02
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mtrycrafts posts on August 31, 2012 15:43
slipperybidness, post: 904192
D'oh. I didn't even look at the dates. Well, that makes me feel better, as I was considering the SVS equip. As you said, seems to be a good thing.

One of the principals of SVS, Tom V and another has started another sub company and already been talked about it here.
slipperybidness posts on August 31, 2012 10:00
mike c, post: 904186
threadsurrection!
-0-0-

well, it's been more than a year already.

all items are reasonably in stock, and new products are being churned out faster than before.

i'd say this was a good thing.

D'oh. I didn't even look at the dates. Well, that makes me feel better, as I was considering the SVS equip. As you said, seems to be a good thing.
slipperybidness posts on August 31, 2012 09:58
AcuDefTechGuy, post: 813496
I thought SVS was doing so well?

It seems to me that more people recommend SVS subs than any other companies.

But I think this fact will hurt the sales of SVS.

Perhaps it's just me, but I would not buy anything from a company that is being sold or has been sold.

I just bought 2 Rythmik D15SE subs. If news came out that the company were going under and being sold, I would not have bought the subs, unless they were deeply discounted.

Yeah, doing well for a small company puts you on the radar of large companies. Now, the large company says “we can have that piece of the pie too”, so goes out to purchase that piece of the pie. No good businessman wants to buy a company on the way down (otherwise we would be reading this about eD instead of SVS :eek

It will probably hurt sales for a while, until we see what direction the new ownership takes SVS. If you were thinking of buying SVS, then now would probably be the time, just in case quality of the product goes down the drain. Of course, we don't know where customer support is headed yet.

ADTG:
“Perhaps it's just me, but I would not buy anything from a company that is being sold or has been sold.”
Really, take a minute to reflect on that statement and look around your home. I'm certain that you have items that came from a company that is being sold or has been sold (if not on your Hi-Fi equip, then somewhere else). Possibly, the selling of the company didn't even hit your radar. It is just the modern-day reality of doing business.
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Clint Deboer was terminated from Audioholics for misconduct on April 4th, 2014. He no longer represents Audioholics in any fashion.

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