attached to a ceiling and have a direct path to people’s ears, Calisi says. The system is easier to install, eliminates the need for fine-tuning by acousticians, and enables a more uniform blanket of sound, he adds.
Cambridge Sound got started in 1999 and has built a small but solid business. Calisi says the company has been profitable for around seven years, and it has been growing sales by about 30 percent annually for the past few years. He wouldn’t disclose specific figures, since the company is private.
With Heine eyeing retirement, he handed the reins to Calisi two years ago, Calisi says. The plan was to also bring in a new set of owners. A few months after Calisi took over, Gladstone Investment and Boston Harbor Capital Partners purchased a majority stake in Cambridge Sound in a $20.2 million debt and equity deal.
Another significant deal came earlier this month, when Cambridge Sound acquired an older rival, Dynasound, of Norcross, GA. The move expanded Cambridge Sound’s set of products and gave it access to more customers, Calisi says.
The combined company employs about 50 people at offices in the U.S., Europe, and Asia, Calisi says. Now, he wants to push Cambridge Sound’s products to more customers around the world.
“I think the market is wide open for us,” he says. “We are really excited and think we’re in a great position in terms of customer demand and the solutions that we have.”
