Smart home solutions company Control4 has aquired Triad Speakers, in a deal worth $9.6 million. Triad manufactures a range of premium audio loudspeakers for home cinemas, family spaces and multiroom audio.
The acquisition is seen as a key strategic addition to the Control4 portfolio, which includes programmable Control4 EA-series controllers with native high-resolution streaming music services, multiroom audio matrix switches and amplifiers, and a line of UHD 4K video matrix switches with audio down-mixing capabilities.
“Entertainment is integral to the connected home and our Control4 dealers are designing end-to-end experiences for family room entertainment, home theaters, and indoor and outdoor multi-room music for their customers,” explains Martin Plaehn, Control4 Chairman and CEO. “The acquisition of Triad brings proven premium-acoustics experience and innovation to our company, enabling us to immediately deepen our entertainment offering and develop new integrated-audio experiences for the future.”
Control4 says “nearly the entire Triad team will be joining Control4, including founder Larry Pexton, as well as the Triad’s R&D, manufacturing, and custom-services employees, all of whom will continue operating from Triad’s existing facility in Portland, Oregon.”
In 2016, Triad generated $9 million approx. Control4 has plans to invest in the operations of the business during 2017 through its larger sales channels. As a result, Control4 anticipates that the acquisition will be net income neutral in 2017.
“At Triad, high-quality audio, custom design, and seamless integration have been the standards that we will continue delivering to our dealers and their end customers,” said Larry Pexton, founder and CEO of Triad. “Becoming part of the Control4 family enables us to expose our engineering expertise to those homeowners in the broader market of home automation and entertainment who are passionate about their listening experience.”