BINGHAMTON, NY (WIVT/WBGH) – Legendary local stereo equipment manufacturer McIntosh Group has been sold to a Texas-based private equity firm.
Highlander Partners of Dallas announced on its website earlier this month that it has acquired McIntosh Group, owner of McIntosh Labs.
Founded in Binghamton in 1949, McIntosh has an international reputation for high-end amplifiers, speakers, turntables and other audio products.
McIntosh Group also includes Sonus Faber, a luxury designer and manufacturer of premium speakers based in Vicenza, Italy.
As a result of the sale, a McIntosh spokesman tells NewsChannel 34 that 46 hundred square foot addition will be added to the facility on Chambers Street with plans to hire more than 20 new employees in the coming year. To apply, go to https://www.mcintoshlabs.com/jobs
The local management team will remain in place and a purchase price was not disclosed.