The Stephens Group Announces the Formation of Catalyst Acoustics Group
Little Rock, Arkansas – January 21, 2020 – The Stephens Group, LLC ("The Stephens Group") is pleased to announce the formation of Catalyst Acoustics Group ("Catalyst Acoustics"). This development formalizes its strategy in the acoustical control industry and will serve as the platform for an elite group of acoustic, seismic, vibration and noise control companies that together offer the broadest portfolio of noise control solutions for industrial, architectural, commercial, construction, healthcare, government and other industries. Catalyst Acoustics will be the heartbeat of The Stephens Group's growing family of noise control solutions providers, which currently includes Kinetics Noise Control, IAC Acoustics, Sound Seal, Noise Barriers and Lamvin. Catalyst Acoustics will provide these businesses, which are at present leaders in their respective niches, the resources of a much larger enterprise where scale, deep functional expertise, broad channel reach and significant financial resources far exceeds anything each company could accomplish individually.
Each of the businesses will remain independent brands and business units with continued ownership by key members of their management teams and the backing of its primary investor, The Stephen's Group. "Uniting industry leaders like this is a ground breaking moment for the noise control market," said Clay Hunter, Managing Director of The Stephens Group. "We are confident that by uniting these well-known and highly respected teams, we can offer unmatched products, supreme service and unrivaled acoustic expertise. In an industry as fragmented as this one, we trust that this will be a win-win-win for all stakeholders, most importantly customers, channel partners, influencers and our dedicated employees."
Joe Lupone has been appointed Chief Executive Officer of Catalyst Acoustics Group and will lead these companies into the next chapter. "Bringing this family of companies together provides an outstanding and unique foundation for further growth," said Lupone. "Each of our companies come to the table with well-seasoned, robust channel partners and strong value propositions. Our plan is designed to further support the uniqueness and vision that each company offers, while leveraging the infrastructure, engineering capability and financial strength of the larger entity to enable swiftness and agility unseen in our market. Brand and channel preservation as well as product differentiation will remain the highest priority for us as we move forward toward a bigger and brighter future together".
ABOUT CATALYST ACOUSTICS GROUP
Catalyst Acoustics Group is the parent company of an elite group of acoustic, seismic, vibration and noise control companies that together, offer the broadest portfolio of noise control solutions in the market today. The independent brands, channels to market, products and services offered by each business remain unique, while leveraging the deep functional expertise, broad channel reach, significant financial resources and much larger scale of the combined Catalyst Acoustics Group. For more information, visit catalystacoustics.com
ABOUT THE STEPHENS GROUP, LLC
The Stephens Group, LLC is a private investment firm that partners with talented management teams to help build valuable businesses. Our team has a long history of providing sophisticated, strategic expertise and taking a partnership approach to help companies successfully achieve their strategic visions and build long-term value. With over $1.5 billion invested since 2006, The Stephens Group targets investments in industries across the U.S., including industrial and commercial products and services, specialty distribution, B2B food and consumer products, and technology infrastructure and tech-enabled services, as well as select opportunistic situations. For more information, visit www.stephensgroup.com