Two of the biggest names in consumer audio Sound United, parent company to Polk Audio, Definitive Technology and Polk BOOM has acquired the D+M Group, owner of the Denon, HEOS by Denon, Marantz and Boston Acoustics brands.
The D+M Group is the largest supplier of audio/video receivers worldwide and a leader in wireless multi-room audio. Sound United is the largest supplier of loudspeakers in North America and a leading supplier of sound bars and wireless music systems.
The combined company will be known as Sound United. The sale was finalized on February 28, 2017 and terms of the sale were not disclosed.
Kevin Duffy, CEO of Sound United, will serve as CEO of the combined company.
Sound United is a division of DEI Holdings, a portfolio company of Boston-based private equity firm Charlesbank Capital Partners, LLC. Charlesbank acquired DEI Holdings in 2011. “