The following is a press release issued by MartinLogan, Paradigm, and Anthem.
Mississauga, Ontario, Canada | May 14, 2019 – Scott Bagby and John Bagby are pleased to announce the successful purchase of Paradigm Electronics, Anthem Electronics, and MartinLogan Loudspeakers, effective May 10, 2019.
Scott Bagby, one of the original founders of Paradigm Electronics, continues as Chairman and assumes the role of CEO. John Bagby, who has been active in many areas in the business over the last several years, takes on the role of Managing Director.
“This is an exciting time in the industry and we look forward to the opportunity to move into the future with all three brands. We will continue to maintain and adhere to the core values of each brand as we strive for continuous innovation to deliver products with superior performance and value. We will operate with integrity and respect, building on the great relationships and strong friendships created over the years. This is our commitment to the industry,” Scott said.
Paradigm, Anthem, and MartinLogan are iconic brands with a strong history of excellence and a commitment to the industry. In addition to products that excel on innovation and class-leading performance, industry partners across all three brands can expect a renewed commitment on ease of doing business, focusing on enhanced training and support.
It is a time of change in the industry. Based on years of combined audio experience and innovative and entrepreneurial backgrounds, John and Scott are well positioned to move these three brands into the future.
In 2005, Shoreview Industries, a Private Equity firm out of Minneapolis, acquired a controlling interest in Paradigm with Scott continuing with a minority position. Together they created SVI Holdings which then acquired MartinLogan Loudspeakers a short time later. With the purchase of the three brands completed last week, Shoreview Industries has exited the business.