Altamont Capital Partners (“Altamont”) today announced that it has acquired certain assets of WAVE Electronics, Inc. (“WAVE”), a leading distributor of connected home, audio/video, and residential security products with nine branches across the US.
With a broad product portfolio spanning the entire home ecosystem, WAVE is a single-source solution provider to an expansive base of independent integrators and national accounts. WAVE is a market leader with extensive knowledge of the electronics supply network, and its diversified offering provides multiple revenue channels and the flexibility to serve different types of customers. Altamont’s investment provides liquidity that will support WAVE’s existing capabilities and expand its inventory, creating an ample runway for continued growth.
All of WAVE’s current US locations were included as part of the transaction and are continuing to operate in the normal course. Additionally, WAVE’s senior management will continue to run the business, including CEO Mark Fukuda, VP of Sales Bryan Stewart, and VP of Purchasing & Merchandising Ainslie Fukuda.