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Martin Audio celebrates double-digit growth following management buyout

LDC-backed Martin Audio has recorded double-digit sales growth following a series of product launches and overseas expansion. The Buckinghamshire-based business, which provides sound systems for some of the UK’s biggest festivals, reported a 22 per cent increase in sales in its financial year 2017-18, growing from £16.5 million to £20.1 million. It is now forecasting a further 20 per cent increase throughout 2019.

Over the same period, Martin Audio has added a number of major global rental clients to its roster, including US-based Soundworks, Southard Audio and Twilight Audio which were part of efforts to consolidate the brand’s footprint in North America, where it is now established as a direct distributor.

In addition, Jamaican brand Main Event Entertainment, and Dominican Republic-headquartered Group AR were also added joining the ranks of Martin Audio rental companies that manage tours, corporate events and major festivals including London’s British Summertime Festival at Hyde Park, Rock in Rio and Rock in Japan.

The brand has also launched 15 new products over the past 12 months and extended its scalable acoustic technology offering. Its new range of sound solutions has enabled the business to expand into the commercial install space.

Martin Audio was backed by LDC in 2018, in a management buyout from global audio specialist Loud Audio. As part of the deal, LDC invested £12 million in the company, alongside its existing management team. Following the carve-out, Martin Audio has invested in developing key teams, processes and enhancing its computer software and ERP systems, as well as recruiting a new finance department.

www.martin-audio.com

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