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#11
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Re: Sweetwater sold to capital investment company
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I had no idea Sweetwater also owned a used luxury car dealer, helicopter charters and private airplanes among other random businesses. If this group invested in the whole parent company that makes a lot more sense.
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~Will |
#12
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Re: Sweetwater sold to capital investment company
I'm sorry to hear about this. I've been a Sweetwater customer for years. I only live 2 hours from their superstore and HQ and know some of the folks there. I've been there many times. Its really something to see.
I really hope they won't change too much. But that's probably a fool's hope.
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"Never believe anything you hear in a song." Tyrion Lannister, Game of Thrones Owner: Dragon Rock Productions LLC |
#13
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Re: Sweetwater sold to capital investment company
Well, this sounds a little more promising. Chuck Surack, the Founder, is stepping down as CEO, but becoming Chair of the Board. The current Exec. VP will be the new CEO, so there will be continuity of leadership from those who built the company. The Partnership owns a majority of the company, but it appears that they are making an investment, not necessarily wanting to run the show. We'll see.
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"Never believe anything you hear in a song." Tyrion Lannister, Game of Thrones Owner: Dragon Rock Productions LLC |
#14
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Re: Sweetwater sold to capital investment company
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System : Studio - Avid Carbon interface , PT Ultimate 2023.12 Mid 2020 (intel) iMac 27" Ventura 13.2 .1 Mobile - 2021 14 " MBP M1 Pro PT Ultimate 2024.3.0 --Sonoma 14.4 Enjoy the Journey.... Kev... |
#15
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Re: Sweetwater sold to capital investment company
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Also the article pointed out that almost of of that 20 % failure involved already publicly traded companies already carrying debt and the PE increased that debt or the PE took over management and had little or no knowledge of the specific business None of which seems to be the case with this Sweetwater deal (Yet) So What will happen remains to be seen..
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System : Studio - Avid Carbon interface , PT Ultimate 2023.12 Mid 2020 (intel) iMac 27" Ventura 13.2 .1 Mobile - 2021 14 " MBP M1 Pro PT Ultimate 2024.3.0 --Sonoma 14.4 Enjoy the Journey.... Kev... Last edited by K Roche; 10-02-2021 at 06:17 AM. |
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