News

Kingswood Capital inks acquisition of Wave Electronics

October 18, 2018

Kingswood Capital Management Llc. has acquired Wave Electronics, an A/V and home automation provider. As part of the acquisition, Kingswood will merge Wave with Avad Llc., a provider of digital signage and home automation technology, according to a press release.

The goal of this acquisition is to offer improved professional and residential A/V services in North America. Mark Fukuda, COO for Wave, will take over as CEO for the combined company, according to the release.

"The merger of Wave and Avad provides for a unique combination of scale and diversification in the North American custom installer channel. The combination of Wave and Avad creates a multitude of growth opportunities from a wide base of 31 different physical locations. Industry integrators will have access to an industry leading line card at more locations than ever before," Alex Wolf, managing partner, Kingswood, said in the release.