Providing Pro Audio equipment and premium musical instrument accessories to resellers and retailers
DCC Technology, trading as Exertis, a leading route-to-market and supply chain partner for global technology brands across consumer, business and enterprise, today announced the acquisition of The Music People through its musical instruments, audio and lighting company, JAM Industries.
Tim Griffin, DCC Technology & Exertis Group Managing Director, said: “We are delighted to welcome The Music People into our portfolio of companies. Now more than ever, music has proven to be an uplifting and enriching element of daily life. JAM’s company ethos and impressive organic growth provide a great basis for more acquisitions such as this, and we look forward to continuing this successful journey.”
The Music People (TMP) is the American parent company of the On-Stage and TMP-Pro divisions. Founded in 1979 by Jim Hennessey, TMP will operate as a division of JAM managed by TMP’s Co-Presidents John and Sharon Hennessey, who now report directly to JAM Industries President & CEO Martin Szpiro. TMP specialise in Pro Audio equipment and premium instrument accessories that include stands, cases and bags.
“Over the last 48 years, JAM has grown organically and through acquisition into a $400-million company comprised of eight divisions that serve a broad range of Musical Instrument, Consumer Electronics, Pro Audio and Lighting customers,” said Martin Szpiro, JAM Industries President & CEO. “With the support of DCC we can now grow faster than ever before.”
Co-President Sharon Hennessey explained “The Musical Instrument and Pro Audio industry landscape has evolved a great deal over the last 40 years. What began as a small cottage industry of enthusiasts has become a much bigger industry that serves a broader range of customers across many vertical markets”. Co-President John Hennessey added “JAM shares the same customer-first core values and provides our employees with the long-term commitment and resources we need to meet the needs of all of our customers for many years to come.”
About Exertis Group
Exertis is the leading technology distributor of consumer, business and enterprise products from pioneering technology brands, playing an integral role in supplying the world with cutting-edge tech. Over forty years Exertis has distributed the technology that transforms societies and facilitates the world’s transition to digital. These days Exertis distributes everything from AV solutions to AI-powered smart-tech.
Exertis is powered by the mantra ‘our people, our customers, our business’ and its reach is global. A wholly owned subsidiary of parent company DCC PLC, a FTSE 100 company, it has offices in Europe, North America, Middle East and China, representing 2,400 brands. In 2020 it had a turnover of £3.913 billion. As technology evolves, so does Exertis.
About JAM Industries
Founded in 1972, Jam Industries began operating in Montreal under the trade name of Erikson Music as an importer/distributor of musical instruments and accessories, with less than 10 employees and sales of less than $1 million. With over forty-five years of experience, today Jam Industries is a unique distribution network made up of 8 divisions that serve markets ranging from musical instruments, professional audio and lighting, commercial audio and consumer electronics, with over 650 employees spread out over several countries and sales exceeding $400 million. JAM’s success is largely driven by innovation, diversification, customer service and an exemplary corporate culture. JAM Industries is a DCC company.