New Ownership Group Acquires Broadcast Electronics

Broadcast Electronics (BE) has been acquired by a new ownership group headed by CEO Rich Redmond and majority investor The Alzana Group, LLC, based in Boston. The deal, which was structured as an asset purchase from the former Italian owner ELENOS S.r.l., will see the company operate under the new legal entity name BE Systems, Inc. while maintaining its well-known Broadcast Electronics branding.

"Since 1959, Broadcast Electronics (BE) has been serving the global media and broadcast industry with a complete line of hardware and software products. I could not be more excited to launch the next chapter in the history of BE, dedicated to customer focused innovation and new products that will deliver breakthrough capabilities to our worldwide radio broadcast customer base," said Rich Redmond, CEO of Broadcast Electronics. Mr. Redmond will become a significant owner in BE and further commented "I enthusiastically look forward to collaborating with John Danner of The Alzana Group to strengthen our capabilities, accelerate our aggressive growth ambitions, and redouble our commitment to excellent customer service."

John Danner, Founder and Chairman of The Alzana Group and former Chairman of GatesAir (2017-2022), said "The Broadcast Electronics investment is an ideal example of Alzana's commitment to providing capital solutions to businesses with tremendous, untapped potential. We view radio broadcast as an underserved market in great need of newer technology, better service, and a partner 100% focused on meeting and exceeding the needs of radio broadcast customers across the globe. We believe that BE's top-notch management team, strong brand name, and exciting growth opportunities make it an ideal platform acquisition."

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