Audio America Acquires Consumer Electronics Distributors
Audio America, a regional distributor of consumer electronics and 12V products with distribution centers in Florida, Atlanta, Chicago and Los Angeles, acquired Consumer Electronics Distributors Inc. (CED), AV and specialty electronics distributor in the Chicago metropolitan market and broader Midwest.
Combined, Audio America and CED have more than 50 years of experience in the industry. As members of national distributor consortium PowerHouse Alliance, the regional distributors are known in the industry for convenient locations providing access to over 250 lines, training programs, service and support, and commitment to their customers and vendor partners.
“After decades of organic growth, the CED acquisition represents the next level of expansion for Audio America,” said Audio America Chairman Ryan Munder. “Combining two industry leaders makes sense not just from a financial standpoint, but also culturally and strategically. We look forward to continued growth as we pursue our business model built on trust, innovation and helping others.”
Audio America plans for growth, expansion and improvements to provide stronger buying power, better service and support from the expanded sales force and customer service and technical support personnel. The acquisition expands Audio America’s territory; existing customers can continue to shop and order from the company’s Florida, Atlanta, Chicago and Los Angeles distribution centers, and Audio America now welcomes customers to three additional showrooms and distribution centers in Illinois, Wisconsin and Minnesota. Customers of the former CED and Audio America locations can look forward to new products, brands and categories becoming available soon.
“At Audio America we believe that our people are the key to our success,” said Audio America CEO Jonathan Elster. “We’re excited to join forces with the talented CED team, who bring technical, management and service manpower to Audio America. In this new chapter, customers across our regions will be supported by our larger team of experts, expanded regional footprint and broader product portfolio. The acquisition benefits everyone involved, so we look forward to Audio America’s future.”