Canadian private equity firm Regimen Equity Partners has acquired Radial Engineering Ltd, a Vancouver-based manufacturer of pro-audio accessories and acoustical treatment products sold in nearly 60 countries. No financial terms were disclosed for the deal, which was done in partnership with Mike Belitz, a music industry executive and head of Ultimate Support Systems. Belitz will assume the role of Radial president and CEO, replacing Founder Peter Janis, who is retiring after leading the company since 1991. Radial is the fifth platform investment of Regimen.
Regimen Equity Partners Acquires Radial Engineering Ltd
Pro-audio accessories and acoustic treatment manufacturer becomes fifth platform investment of Regimen Equity Partners
Vancouver, BC, February 5, 2018 – Regimen Equity Partners is pleased to announce the acquisition, in partnership with Mike Belitz, of Radial Engineering Ltd. (“Radial” or the “Company”). Radial represents the fifth platform investment by Regimen.
Established in 1991, Radial is a world-renowned manufacturer of pro-audio accessories and acoustical treatment products based in Vancouver, British Columbia. The Company offers a diverse product catalog that includes Radial, Primacoustic, Tonebone, Reamp, Hafler, Dynaco, Iso-Max and Jensen Transformers. Radial is an anchor brand within the music industry and is sought after by the world’s very best musicians, sound engineers and music enthusiasts. Radial’s products are sold through an international network of dealers and distributors to nearly 60 countries around the world.
Regimen acquired the company in partnership with Mike Belitz, a widely recognized and respected leader in the music industry who will be transitioning into the role of President and Chief Executive Officer of Radial. Radial’s Founder and CEO, Peter Janis, will be retiring after nearly 42 years in the music industry.
Peter Janis said, “I’m proud of what we’ve accomplished at Radial and I am very optimistic about the future of the Company. We’ve developed a line of products that are trusted on stage with some of the biggest acts and manufactured by people that are absolutely fanatical about what we stamp our name on. The passion our team shares for music and technology has created a very unique culture that I will miss greatly, but I’m confident that Mike and Regimen are the right team to continue the legacy.”
David Eisler, Managing Director, Regimen Equity Partners, said “Mr. Janis’ constant innovation, passion for music, and focus on reliability and solid construction created an inspiring culture at Radial which has attracted an impressive senior executive team and employee base. We are very excited about the partnership with Mike Belitz and the future of Radial. With over 35 years of industry experience, Mike has managed many premium brands within the music industry and is the right leader for Radial’s next chapter.”
About Regimen Equity Partners: Regimen Equity Partners (“Regimen”) is a private equity firm specializing in the ownership transition of small to mid-size Canadian organizations. By partnering with skilled executives, we transform profitable enterprises into industry leading players through strategic acquisitions and best management practices. Forming meaningful and lasting relationships, Regimen creates significant wealth over the long term through a multi-decade approach of measured and sustainable growth. Regimen has offices in Vancouver, Edmonton and Toronto. To learn more about Regimen Equity Partners, visit www.regimenpartners.com.
Contact: Rachel Kwok (email@example.com)
Photo courtesy of Regimen Equity Partners