It has provided broadcast technology products to stations around the world from its Quincy, Ill., headquarters since 1959, with transmitter systems and media management software among its core offerings. Now, it is under new ownership, with its Chief Executive Officer and its majority investor teaming up to make a deal with ELENOS S.r.l. of Italy.
For an undisclosed price, Rich Redmond (pictured, top left) and The Alzana Group of Boston have agreed to purchase Broadcast Electronics.
While this will see no change in the company’s name to its longtime clients, it will operate under a new legal entity named “BE Systems Inc.”
Redmond commented on the transaction by noting, “I could not be more excited to launch the next chapter in the history of BE, dedicated to customer focused innovation and new products that will deliver breakthrough capabilities to our worldwide radio broadcast customer base.”
Redmond will become “a significant owner” in BE, as he “enthusiastically” looks forward to collaborating with John Danner of The Alzana Group to strengthen the company’s capabilities.”
Danner served as Chairman of GatesAir from 2017-2022. He is Founder and Chairman of The Alzana Group.
Danner commente, “The Broadcast Electronics investment is an ideal example of Alzana’s commitment to providing capital solutions to businesses with tremendous, untapped potential. We view radio broadcast as an underserved market in great need of newer technology, better service, and a partner 100% focused on meeting and exceeding the needs of radio broadcast customers across the globe. We believe that BE’s top-notch management team, strong brand name, and exciting growth opportunities make it an ideal platform acquisition.”
