Scott and John Bagby have announced the successful purchase of Paradigm Electronics, Anthem Electronics, and MartinLogan Loudspeakers, effective May 10, 2019.
Scott Bagby, one of the original founders of Paradigm Electronics, continues as Chairman and assumes the role of CEO. John Bagby, meanwhile, has been active in many areas in the business over the last several years. He will take on the role of Managing Director.
"This is an exciting time in the industry, and we look forward to the opportunity to move into the future with all three brands," says Scott Bagby. "We will continue to maintain and adhere to the core values of each brand as we strive for continuous innovation to deliver products with superior performance and value. We will operate with integrity and respect, building on the great relationships and strong friendships created over the years. This is our commitment to the industry."
Paradigm, Anthem, and MartinLogan are iconic brands with a strong history in the industry. The pair say that, in addition to the continued launch of great products, industry partners across all three brands can expect a renewed commitment on ease of doing business, focusing on enhanced training and support.
In 2005, Shoreview Industries, a Private Equity firm out of Minneapolis, acquired a controlling interest in Paradigm with Scott continuing with a minority position. Together they created SVI Holdings, which then acquired MartinLogan Loudspeakers a short time later. With the purchase of the three brands completed last week, Shoreview Industries has exited the business.
Paradigm was founded in 1982, and offers a range of loudspeakers, including luxury performance loudspeakers for discerning audiophiles. The speakers are manufactured in-house and useproprietary materials.
Anthem electronics power high performance audio systems. The company specializes in high-end handcrafted pre-amps, amplifiers, and AV processor/receivers for music, home theatre, and distributed sound systems.
Focusing on exotic, high-performance electrostatic and advanced thin-film loudspeakers, MartinLogan was founded in Lawrence, Kansas, in 1983.