Altamont Capital Partners, has announced that it has acquired certain assets of WAVE Electronics, Inc., a distributor of connected home, audio/video, and residential security products with nine branches across the US.
With a broad product portfolio spanning the entire home ecosystem, WAVE is a single-source solution provider to an expansive base of independent integrators and national accounts. WAVE offers extensive experience of the electronics supply network, and its diversified offering provides multiple revenue channels and the flexibility to serve different types of customers. Altamont‘s investment provides liquidity that will support WAVE’s existing capabilities and expand its inventory, creating an ample runway for continued growth.
All of WAVE’s current U.S. locations were included as part of the transaction and are continuing to operate in the normal course.
Additionally, WAVE’s senior management will continue to run the business, including CEO Mark Fukuda, VP of sales Bryan Stewart, and VP of purchasing & merchandising Ainslie Fukuda.
“WAVE plays a critical role in the connected home and audio / visual supply chain, partnering with dozens of high-quality suppliers to provide value-add services and distribute products to a fragmented customer base,” says Randall Eason, a managing director at Altamont.
“We are excited to be making this investment, and we are delighted to have the opportunity to partner with Mark and the rest of the team to fuel WAVE’s continued profitable growth. Together, we are confident that we will drive value for the business’ customers, employees, vendors and other stakeholders in the months and years to come.”
“This announcement is a testament to the dedication of our employees and the strength of our value proposition to our customers and suppliers,” adds Mark Fukuda.
“Altamont shares our commitment to delivering unrivaled support and superior service to our customers, while investing in and growing our team, and will be a true partner as we execute on our strategic objectives.”