Avid Pro Audio Community

Avid Pro Audio Community

How to Join & Post  •  Community Terms of Use  •  Help Us Help You

Knowledge Base Search  •  Community Search  •  Learn & Support


Avid Home Page

Go Back   Avid Pro Audio Community > General Discussion & Off Topic > General Discussion

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 08-22-2021, 04:56 AM
Southsidemusic's Avatar
Southsidemusic Southsidemusic is offline
Moderator
 
Join Date: Dec 2011
Location: Stockholm - Sweden
Posts: 13,574
Default Sweetwater sold to capital investment company

So Sweetwater to Guitar Center - here we come LOL

Really hope they don’t go the Gibson or GC down spiral….

Well then Vintage King - We are on the way
__________________
Best Regards
Christopher

#thestruggleisreal
—————————————
South Side Music Group
WEBHOME
—————————————
Reply With Quote
  #2  
Old 08-22-2021, 08:53 AM
gives's Avatar
gives gives is online now
Member
 
Join Date: Feb 2001
Location: Portland, OR
Posts: 1,333
Default Re: Sweetwater sold to capital investment company

Quote:
Originally Posted by Southsidemusic View Post
So Sweetwater to Guitar Center - here we come LOL

Really hope they don’t go the Gibson or GC down spiral….

Well then Vintage King - We are on the way

Yes, I heard. Why did they build the big new SuperStore 44,0000 Sq Ft. at their home location? Now we know. It's a test of things to come I guess...

They will slowly transition to the Capital investments way of bottom line thinking over time I am sure, but hope they don't. The Walmart of Music Stores..
G
__________________
Gregory Ives, Composer/Sound Designer/Musician
http://www.gregives.com
https://pro-labs.imdb.com/name/nm1170521/?ref_=sch_int

Protools 2021.7 Ultimate HD Native Thunderbolt Avid MTRX. DAD MOM,Mac Pro 3.5GHz 6-Core Intel Xeon E5 64GB of Ram
OSX Catalina 10.15.7 Digital Performer 9.5.2, Logic Pro X 10.6.3
Reply With Quote
  #3  
Old 08-22-2021, 04:04 PM
John_Toolbox's Avatar
John_Toolbox John_Toolbox is offline
Moderator
 
Join Date: Feb 2004
Location: Minneapolis
Posts: 5,434
Default Re: Sweetwater sold to capital investment company

Considering how long they’ve been in business (42 years)…. Not surprising that a buyout would happen… I’m sure Chuck wants to retire. It’s interesting how everything just gets bought out or put out of business by something bigger. When I got into this 20 years ago, always tried to do business with American Pro Audio, my local pro audio dealer, or AEI for wiring/connectors/electrical stuff. They both closed up at least 10 years ago, now sweetwater seems like the closest thing to a local business. I have always had a good experience with them, but honestly haven’t bought a lot from them, most of what I buy these days is software, so either directly from the developer or audiodeluxe. Never been a big fan of guitar center, hopefully they preserve sweetwater’s level of service. Last purchase from guitar center I made was a hollow body guitar that was packaged poorly, and arrived with a crack in the body due to a hole in the box. It really looked like whoever shipped it did not care. They gave me a partial refund, but it was not as much as what it would have cost to repair the crack. Oh well… the guitar has that as part of its story, which is part of the fun of owning instruments.
__________________
- John

If a MIDI event triggers a sample of a tree falling and there's no one there to hear it, does it make a sound?
Reply With Quote
  #4  
Old 08-22-2021, 06:51 PM
JCBigler's Avatar
JCBigler JCBigler is offline
Member
 
Join Date: Feb 2004
Location: Tulsa, OK
Posts: 2,963
Default Re: Sweetwater sold to capital investment company

So I guess this means no more free candy with each purchase?
__________________
Justice C. Bigler
www.justicebigler.com

Lenovo P50: quad-core i7-6820hq, 64GB, 2TB SSD, Win 10 Pro / Protools vanilla 2021.7
2018 MacBook Pro: six-core i9, 32GB, 1TB, Catalina / HD|Native-TB / Protools Ultimate 2021.7, DAPS, L-ISA Studio

Home/mobile: Focusrite Red 8Pre / Clarett 4Pre / DVS
Road/hotel: Roland OctaCaputre / Apogee One
Reply With Quote
  #5  
Old 08-23-2021, 01:03 AM
JFreak's Avatar
JFreak JFreak is online now
Moderator
 
Join Date: Jan 2003
Location: Tampere, Finland
Posts: 22,060
Default Re: Sweetwater sold to capital investment company

Who cares who owns the company? It would be news if old people would have been kicked out and new ones hired. You are not doing business with a company, you do business with people.
__________________
Janne
What we do in life, echoes in eternity.
Reply With Quote
  #6  
Old 08-23-2021, 06:37 PM
smurfyou smurfyou is offline
Member
 
Join Date: Oct 2006
Location: Charlotte, NC
Posts: 576
Default Re: Sweetwater sold to capital investment company

Quote:
Originally Posted by JFreak View Post
Who cares who owns the company? It would be news if old people would have been kicked out and new ones hired. You are not doing business with a company, you do business with people.
I don't know if this exists anywhere else in the world, but here in the states we have "Private Equity" firms that are corporate vampires. They take advantage of various loopholes to control a company without regard for its debt. They quite literally bleed it dry and bankrupt it on purpose and somehow walk away with a massive profit.

So that's why it matters who owns a company. A PE firm is usually a sign of a death spiral.

Before anyone in the financial industry replies, I realize this is oversimplified but this is the result of a lot of these takeovers.
__________________
~Will
Reply With Quote
  #7  
Old 08-23-2021, 06:38 PM
nsureit nsureit is offline
Member
 
Join Date: Dec 2009
Location: USA
Posts: 61
Default Re: Sweetwater sold to capital investment company

Keep in mind that the venture capital blueprint is to bleed the victim dry, then leave the carcass to the buzzards. I give them 5 years max.
Reply With Quote
  #8  
Old 08-23-2021, 11:50 PM
JFreak's Avatar
JFreak JFreak is online now
Moderator
 
Join Date: Jan 2003
Location: Tampere, Finland
Posts: 22,060
Default Re: Sweetwater sold to capital investment company

Quote:
Originally Posted by smurfyou View Post
I don't know if this exists anywhere else in the world, but here in the states we have "Private Equity" firms that are corporate vampires. They take advantage of various loopholes to control a company without regard for its debt. They quite literally bleed it dry and bankrupt it on purpose and somehow walk away with a massive profit.

So that's why it matters who owns a company. A PE firm is usually a sign of a death spiral.

Before anyone in the financial industry replies, I realize this is oversimplified but this is the result of a lot of these takeovers.
Usa is a complex vampire system anyway, money talks and someone else walks. Maybe what you told is true there, but in here there are actually investment companies who buy other companies to make small profit yearly, and the more the merrier.
__________________
Janne
What we do in life, echoes in eternity.
Reply With Quote
  #9  
Old 08-24-2021, 05:13 AM
Cowboy Bob's Avatar
Cowboy Bob Cowboy Bob is online now
Member
 
Join Date: Feb 2007
Location: Iowa
Posts: 411
Default Re: Sweetwater sold to capital investment company

My understanding is that Chuck is still 49% owner, is the chairman of the board and his long time executive VP is now CEO.

This is not the first time that Chuck has sold his majority share to an investment company. In the 80’s or early 90’s, he did the same thing but wasn’t happy with the way it was being run so bought back his majority.

There are those that feel given, that experience this deal probably has stipulations to prevent it from going south.

Sweetwater wants to continue to fill the void that GC is leaving as they diminish, so they need capital.

Sure, things could change, but those that I have spoken with and accounts I have read are fairly optimistic that it’s a good thing, and will help Sweetwater grow.

Of course, it all depends upon to whom you listen. YMMV
__________________

"If the grass looks greener on the other side of the fence, well, it is likely due to the amount of manure being spread on that side of the fence." Cowboy Bob

Squaw Creek Road Studio

Bob
Pro Tools Ultimate (2021.7)| Pro Tools Carbon | Sibelius Ultimate (current version)
|
3.6GHz 8-core 9th-generation Intel Core i9 processor iMac w/40GB RAM | 1TB SSD | macOS Catalina |

Avid Eleven Rack ERXP | Focusrite Clarett 8Pre X | Lenovo i7 ThinkPad | Win 7 Professional | Avid 003 + Rack |

Reply With Quote
  #10  
Old 08-24-2021, 11:51 AM
musicman691 musicman691 is offline
Member
 
Join Date: Dec 2009
Location: The Sopranos State (NJ)
Posts: 18,740
Default Re: Sweetwater sold to capital investment company

Quote:
Originally Posted by Southsidemusic View Post
So Sweetwater to Guitar Center - here we come LOL

Really hope they don’t go the Gibson or GC down spiral….

Well then Vintage King - We are on the way
VK are good people. They're not cheap and they don't carry a lot of brands especially the smaller less known ones.
__________________
Jack
See profile for system details
iMac dead & retired as of 11/4/17

QAPLA!
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
What mac for new investment? Southsidemusic Pro Tools 10 12 03-23-2013 10:23 AM
PT HD Investment buckaroo Pro Tools TDM Systems (Mac) 3 11-02-2008 09:14 AM
CAUTION - With a CAPITAL C 25ghosts Pro Tools TDM Systems (Mac) 7 06-05-2007 03:37 PM
HD Investment DiSK Pro Tools TDM Systems (Mac) 12 02-17-2002 04:29 PM
OMS Trouble w/ a capital "T"!!! meils Pro Tools TDM Systems (Mac) 2 03-19-2000 10:16 AM


All times are GMT -7. The time now is 07:40 AM.


Powered by: vBulletin, Copyright ©2000 - 2008, Jelsoft Enterprises Limited. Forum Hosted By: URLJet.com