Duffy is CEO of Sound United, which has an award-winning portfolio of audio brands
MIAMI, Fla., May 21, 2019 — CEO Coaching International, the leading firm coaching over 185 of the world’s top growth-focused entrepreneurs, is proud to congratulate their client Keven Duffy, CEO of Sound United, on entering into a term sheet to acquire Onkyo Corporation’s home audio division.
Sound United is the parent company to an award-winning portfolio of audio brands that deliver industry-leading home theater and personal audio listening experiences for a wide-range of consumers. They have entered into a term sheet agreement to acquire Onkyo Corporation’s consumer audio division, including the Onkyo, Pioneer, Pioneer Elite, and Integra brands. Kevin Duffy, current CEO for Sound United, will be CEO of the newly combined businesses. The transaction reflects a continued focus by Sound United to meet consumer demand for the best-sounding and most technologically advanced audio products available. The expanded brand portfolio will allow Sound United to better serve consumers with premium products tailored to their specific needs.
“Sound United is a world class organization and we’re proud of Kevin’s ability to drive the next stage of growth for the organization,” commented Mark Moses, CEO and Founder of CEO Coaching International.
“Sound United is one of the leading dedicated providers of premium audio/video products, and we believe the combined businesses will bring unrivaled innovation and sound performance to our consumers and channel partners,” said Kevin Duffy.
About Sound United
Sound United is a division of DEI Holdings with an award-winning portfolio of audio brands that deliver industry-leading home theatre and personal audio listening experiences for a wide-range of consumers. Each brand provides an expansive array of audio products that includes high-end and custom installation audio, to mid-tier markets that cover loudspeakers, sound bars, AV receivers, wireless multi-room music systems, Bluetooth® speakers, amplifiers, turntables and headphones. To learn more about Sound United and its brands, visit www.soundunited.com.
About CEO Coaching International
CEO Coaching International works with the world’s top entrepreneurs, CEOs, and companies to dramatically grow their business, develop their people, and elevate their overall performance. Known globally for its success in coaching growth-focused entrepreneurs to meaningful exits, CEO Coaching International has coached more than 500 CEOs and entrepreneurs in more than 20 different countries. Every coach at CEO Coaching International is a former CEO or President that has made big happen. The firm’s coaches have led double-digit sales and profit growth in businesses ranging in size from $10 million to over $1 billion, and many are founders that have led their companies through successful eight and nine figure exits. CEOs and entrepreneurs working with CEO Coaching International for three years or more have experienced an average EBITDA CAGR of 66.4% during their time as a client, more than five times the national average. For more information, please visit: https://www.ceocoachinginternational.com