Nearly two years after selling the company to a small group of private investors, two Audio Precision Inc. (Beaverton, Ore.) founders and the current CEO are reinvesting in the company. With this move, founder Bruce Hofer gains a majority share and becomes chairman of the board. Robert Wright, founder and a principal engineer at Audio Precision, and CEO Alan Miksch have also acquired shares.
Hofer said that since the sale in 2000, Audio Precision has seen too much emphasis on short-term performance and too little consideration for longer-range strategic issues facing the company. “Offering reliable, high-quality products at an attractive price with unrivaled customer and technical support is what made Audio Precision the market leader. We intend to grow the company based on that approach.”
For more, visit www.audioprecision.com.
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