Kingswood Capital Acquires WAVE Electronics, Announces Merger With AVAD
Kingswood Capital Management LLC, an operationally focused, lower-middle market private equity firm, announced that it acquired Houston-based WAVE Electronics Inc. Kingswood will merge WAVE with its portfolio company, AVAD LLC. In bringing together WAVE and AVAD, Kingswood said it will create the largest value-added distributor of high-end audio, video, security and home automation solutions in the consumer electronics industry.
The new company will be focused on the residential and commercial custom installation markets. The combination of WAVE and AVAD delivers a benchmark solution to elevate same-day product needs, national one-day shipping and services for dealers and vendors across the United States and Canada.