Changes at SVS

Ron Temple
Ron Temple Posts: 3,212
edited June 2011 in Subwoofer Hookup & Bass Management
Thursday May 26, 2011:

EXCITING NEWS AT SVS!!

The SVS Team is proud to announce our new parent company is Specialty Technologies, LLC, a newly formed Company whose partners are all enthusiasts and consumer electronics industry professionals, like us!! The new SVS will be better prepared to offer our customers new and cutting edge products and the industry?s best service and support. Plus the SVS team will still be with the new company, keeping us true to SVS?s original vision of uncompromised products and service developed by performance enthusiasts to outperform everything in their price range.

Please note SVS is currently undergoing administrative and accounting changes which are causing some slight delays in order fulfillment. We would like to apologize for any inconvenience this may cause. SVS expects to start shipping again no later than 3-June 2011. Please feel free to contact our customer service department at custsupport@svsound.com if you have any questions.

Thanks for your continued support!!

This looks to be a straight up acquisition. I originally thought it was a re-org cash infusion and it still might be, but looking at the wording, it looks like a new entity.

Combo rig:

Onkyo NR1007 pre-pro, Carver TFM 45(fronts), Carver TFM 35 (surrounds)
SDA 1C, CS400i, SDA 2B
PB13Ultra RO
BW Silvers
Oppo BDP-83SE
Post edited by Ron Temple on
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Comments

  • EndersShadow
    EndersShadow Posts: 17,590
    edited June 2011
    Ron Temple wrote: »
    This looks to be a straight up acquisition. I originally thought it was a re-org cash infusion and it still might be, but looking at the wording, it looks like a new entity.

    Hopefully both products and customer support continue to be to the standards they are now and dont dip as a result of this. I would hate for this to be the beginning of the end for them....
    "....not everything that can be counted counts, and not everything that counts can be counted." William Bruce Cameron, Informal Sociology: A Casual Introduction to Sociological Thinking (1963)
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  • megasat16
    megasat16 Posts: 3,521
    edited June 2011
    I saw that news yesterday on SVS site too. But I wonder why SVS needs a new owner? I thought it was a very successful and profitable company and can stand on it's own.
    Trying out Different Audio Cables is a Religious Affair. You don't discuss it with anyone. :redface::biggrin:
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  • cnh
    cnh Posts: 13,284
    edited June 2011
    I thought the same thing mega-16? I don't understand why 'mergers' and 'acquisitions' are what makes the world go around in U.S. business? You'd think what we'd want to see, is lots and lots of SMALL start-ups, innovation and competition--not some GIANT buying up all the little guys and lowering their quality, cutting costs then selling them off to someone even 'bigger'. American business is often, not a good thing! And I'm sorry to hear about this!

    cnh
    Currently orbiting Bowie's Blackstar.!

    Polk Lsi-7s, Def Tech 8" sub, HK 3490, HK HD 990 (CDP/DAC), AKG Q701s
    [sig. changed on a monthly basis as I rotate in and out of my stash]
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  • polkfarmboy
    polkfarmboy Posts: 5,703
    edited June 2011
    I wonder if the prices are gona shoot up now
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  • quadzilla
    quadzilla Posts: 1,543
    edited June 2011
    It's because being aquired is the easiest way for an owner, or owners, to get cash out of a privately held company. The only other option would be to take the company public.
    Turntable: Empire 208
    Arm: Rega 300
    Cart: Shelter 501 III
    Phono Pre: Aural Thrills
    Digital: Pioneer DV-79ai
    Pre: Conrad Johnson ET3 SE
    Amp: Conrad Johnson Evolution 2000
    Cables: Cardas Neutral Reference
    Speakers: SDA 2.3TL, heavily modified
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  • RuSsMaN
    RuSsMaN Posts: 17,987
    edited June 2011
    Just noticed you cannot get passive cylinders anymore. That's a bummer.
    Check your lips at the door woman. Shake your hips like battleships. Yeah, all the white girls trip when I sing at Sunday service.
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  • EndersShadow
    EndersShadow Posts: 17,590
    edited June 2011
    RuSsMaN wrote: »
    Just noticed you cannot get passive cylinders anymore. That's a bummer.

    You mean the actual part or the full sub w/ enclosure? I dont think they have had any passives for sale for a couple years....
    "....not everything that can be counted counts, and not everything that counts can be counted." William Bruce Cameron, Informal Sociology: A Casual Introduction to Sociological Thinking (1963)
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  • Ron Temple
    Ron Temple Posts: 3,212
    edited June 2011
    It's not a cash out per Ed Mullen. The SVS team is still operating and has new products ready to launch. Whether they have equity in the new venture is not disclosed. My first reading of the statment last week led me to think it was so. Reading it today makes me think differently. I don't foresee the new ownership group doing anything to diminish the brand. SV has been trying to establish a global footprint and likely ran out of cash...especially since they've had to go dark on products due to component shortages for their new amp platform. I'm convinced the new entity allows them more strength to accomplish their goal.

    Combo rig:

    Onkyo NR1007 pre-pro, Carver TFM 45(fronts), Carver TFM 35 (surrounds)
    SDA 1C, CS400i, SDA 2B
    PB13Ultra RO
    BW Silvers
    Oppo BDP-83SE
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  • EndersShadow
    EndersShadow Posts: 17,590
    edited June 2011
    Ron Temple wrote: »
    SV has been trying to establish a global footprint and likely ran out of cash...

    What are we gonna do tonight Ed Mullen.....The same thing we do every night SVS employee, TRY TO TAKE OVER THE WORLD!!!!!
    "....not everything that can be counted counts, and not everything that counts can be counted." William Bruce Cameron, Informal Sociology: A Casual Introduction to Sociological Thinking (1963)
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  • Face
    Face Posts: 14,340
    edited June 2011
    RuSsMaN wrote: »
    Just noticed you cannot get passive cylinders anymore. That's a bummer.
    They're very simple to make on your own.
    "He who fights with monsters should look to it that he himself does not become a monster. And when you gaze long into an abyss the abyss also gazes into you." Friedrich Nietzsche
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  • RuSsMaN
    RuSsMaN Posts: 17,987
    edited June 2011
    Im all thumbs Face.
    Check your lips at the door woman. Shake your hips like battleships. Yeah, all the white girls trip when I sing at Sunday service.
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  • VR3
    VR3 Posts: 28,641
    edited June 2011
    No you're all noggin ;)
    - Not Tom ::::::: Any system can play Diana Krall. Only the best can play Limp Bizkit.
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  • RuSsMaN
    RuSsMaN Posts: 17,987
    edited June 2011
    That too. I generate my own weather systems.
    Check your lips at the door woman. Shake your hips like battleships. Yeah, all the white girls trip when I sing at Sunday service.
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  • Ron Temple
    Ron Temple Posts: 3,212
    edited June 2011
    Yacoubian To Lead Specialty Technologies
    By Doug Olenick -- TWICE, 6/1/2011
    Milbrae, Calif. - CE industry veteran Gary Yacoubian has been tapped to head the newly created firm Specialty Technologies.

    Yacoubian will serve as president, CEO and managing partner of Specialty Technologies

    Yacoubian has been VP, strategic development for Monster Cable for the last two years. Previously he was president of MyerEmco and served as chairman of the executive board of the Consumer Electronics Association. He will continue to advise Monster as senior strategic advisor to Noel Lee, head Monster.

    Specialty Technologies last week acquired certain assets of specialty audio company SVSound. The company makes high-end speakers and subwoofers.

    Under the deal SVSound will retain its senior design and product management teams and its founder will remain on board. Company founder Ron Stimpson and COO Ed Mullen will also continue to have a role with the company. These were not defined.

    The financial details of the agreement were not released.
    I don' like the tone of this PR.

    Combo rig:

    Onkyo NR1007 pre-pro, Carver TFM 45(fronts), Carver TFM 35 (surrounds)
    SDA 1C, CS400i, SDA 2B
    PB13Ultra RO
    BW Silvers
    Oppo BDP-83SE
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  • megasat16
    megasat16 Posts: 3,521
    edited June 2011
    Good Grief! I don't like this at all. It sounds like it's the end of a very decent Internet Direct Subwoofer company.

    Oh why oh why the Monster VP taking the helm of the new SVS. I was thinking to pre-order a pair of SB-16 Ultra. Now, I am thinking about it twice.
    Trying out Different Audio Cables is a Religious Affair. You don't discuss it with anyone. :redface::biggrin:
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  • VR3
    VR3 Posts: 28,641
    edited June 2011
    Its the end of SVS as we know it and hellllllo KLH
    - Not Tom ::::::: Any system can play Diana Krall. Only the best can play Limp Bizkit.
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  • cheddar
    cheddar Posts: 2,390
    edited June 2011
    Under the deal SVSound will retain its senior design and product management teams and its founder will remain on board. Company founder Ron Stimpson and COO Ed Mullen will also continue to have a role with the company.

    Often wishful thinking over the long term. That's a lot of people flush with cash and used to running things their own way.
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  • maxima
    maxima Posts: 143
    edited June 2011
    I think quadzilla hit the nail on the head.
    It's because being aquired is the easiest way for an owner, or owners, to get cash out of a privately held company. The only other option would be to take the company public.

    It's sad to see cause often times when a company grows larger, they lose sight of what made them successful in the first place.
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  • Ron Temple
    Ron Temple Posts: 3,212
    edited June 2011
    maxima wrote: »
    I think quadzilla hit the nail on the head.


    It's sad to see cause often times when a company grows larger, they lose sight of what made them successful in the first place.
    An asset purchase isn't usually the same as an acquisition. I worked for a company that went down in 2002. Rather than buy the company and the debt, someone came in an purchased the assets for pennies. The owners ended up holding the debt and filing Ch.7. I don't know what happened here, but the PR said "certain assets".

    Combo rig:

    Onkyo NR1007 pre-pro, Carver TFM 45(fronts), Carver TFM 35 (surrounds)
    SDA 1C, CS400i, SDA 2B
    PB13Ultra RO
    BW Silvers
    Oppo BDP-83SE
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  • rubin
    rubin Posts: 565
    edited June 2011
    Where is home base for the new entity.
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  • Lietuvis91
    Lietuvis91 Posts: 908
    edited June 2011
    M&A is often used to help companies get into business quickly where they dont have a presence yet. Buying a best of breed co. In the field u want to play in is the best route to achieve this. The fate of svs depends on who specialty tech is and what they do. I personally have never heard about them, so i wont speculate...
    Living Room 7.1 HT Rig:

    M70 | CS2 | M60 | Atrium5 - Surr. | SUB - Emotiva ULTRA12 + Tara Labs sub cable | Pioneer Elite VSX-52 | Parasound HCAs 1000A | Sony BDP-S790 | Belkin PureAV PF60 | MIT Exp2 Wires

    Bedroom 5.0 HT Rig (Music/Movies/Gaming) :

    LSi9 | LsiC | Lsi/fx | Marantz SR7002 | NAD T955 | Sony BDP-S360 | Belkin PureAV PF30 | AQ Blue Racer II ICs & AQ Type 4 wires | PS3
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  • Dennis Gardner
    Dennis Gardner Posts: 4,861
    edited June 2011
    Ron Temple wrote: »
    I don' like the tone of this PR.

    The tone....as in reading between the lines is that Monster "$$$" just bought SVS, simple as that, just hidden under a new parent company name.:rolleyes:
    HT Optoma HD25 LV on 80" DIY Screen, Anthem MRX 300 Receiver, Pioneer Elite BDP 51FD Polk CS350LS, Polk SDA1C, Polk FX300, Polk RT55, Dual EBS Adire Shiva 320watt tuned to 17hz, ICs-DIY Twisted Prs, Speaker-Raymond Cable

    2 Channel Thorens TD 318 Grado ZF1, SACD/CD Marantz 8260, Soundstream/Krell DAC1, Audio Mirror PP1, Odyssey Stratos, ADS L-1290, ICs-DIY Twisted , Speaker-Raymond Cable
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  • Ron Temple
    Ron Temple Posts: 3,212
    edited June 2011
    Dennis Gardner wrote: »
    The tone....as in reading between the lines is that Monster "$$$" just bought SVS, simple as that, just hidden under a new parent company name.:rolleyes:
    If there is significant capital (Monster $$$) involved, then SVS truly can become a global player in specialty speakers. However, I doubt their gross annual sales ever eclipsed Monster's marketing budget for a month. They are pretty small change for a Monster sized company. It's just as likely that SVS tripped, ran out of cash during their expansion and had to look for an angel. An asset purchase can mean many things, but usually not a cash out by the ownership group. It's all specualtion on my part. Ed said "it's not broken". Hopefully, he's right.

    Combo rig:

    Onkyo NR1007 pre-pro, Carver TFM 45(fronts), Carver TFM 35 (surrounds)
    SDA 1C, CS400i, SDA 2B
    PB13Ultra RO
    BW Silvers
    Oppo BDP-83SE
    · Share on FacebookShare on Twitter
  • rubin
    rubin Posts: 565
    edited June 2011
    Well at least I got a pair of ultras while they were a small operation. Even if that doesn't matter it makes me feel more reassured that my subs received carefull attention.
    Details and quality can suffer when a company, in general, gets bigger.
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  • cheddar
    cheddar Posts: 2,390
    edited June 2011
    I was thinking the same thing about getting a sub before the change...
    The PB13-Ultra...proudly built in our own US factory with the best quality components, and only available at SVS the Sound Authority.

    Wonder how long this will last...
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  • cheddar
    cheddar Posts: 2,390
    edited June 2011
    Ron Temple wrote: »
    It's just as likely that SVS tripped, ran out of cash during their expansion and had to look for an angel.

    Or got tripped...hard to keep operations going when you have no product...
    Friday, 15 April, 2011: SVS outta everything?

    Wonder where all the vaunted SVS product has gone? Sold faster than we expected or we're prepared for mostly..

    In some cases SVS has been experiencing difficulties obtaining parts from Asian or even domestic suppliers on a timely basis. On occasion we've encountered issues with cutting-edge technology, but like any changing company we're also affected by widely fluctuating prices and new taxes on raw materials such as rare earth commodities... as well as repercussions from the Japan earthquake and tsunami.

    There are also world-wide shortages of critical amplifier components which are creating long lead-times for our 800W and 1000W SledgeTM amp platforms. Some of the high-end, high-power transistors recently went from 8-12 week lead times to staggering 32 week lead times. 32 weeks is a lifetime in the manufacturing world.

    Still, SVS is working hard to source alternative suppliers and locate caches of electronic components to restore parts flow and shorten those lead times which affect us, and likewise the auto industry, health-care suppliers, you name it.
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  • danz1906
    danz1906 Posts: 5,144
    edited June 2011
    cheddar wrote: »
    Or got tripped...hard to keep operations going when you have no product...

    Wow, those Subs was selling like Hot-Cakes:tongue:
    Linn AV5140 fronts
    Linn AV5120 Center
    Linn AV5140 Rears
    M&K MX-70 Sub for Music
    Odyssey Mono-Blocs
    SVS Ultra-13 Gloss Black:D
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  • gdpeck
    gdpeck Posts: 840
    edited June 2011
    Post 29 reported
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  • Iusteve
    Iusteve Posts: 17
    edited June 2011
    What does this^ mean??
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