Bose Corporation has announced the sale of the Bose Professional division to Transom Capital Group (“Transom”), a leading operations-focused middle market private equity firm. With this deal, Transom will assume ownership of the Bose Professional commercial installation and conferencing businesses. Bose will retain its portable PA systems as part of its core consumer product business.

For more than 50 years, Bose Professional has developed audio systems that are easy to design, install and operate for performance, commercial and conferencing applications, and has worked with AV integrators, system designers, installers and consultants to deliver these unforgettable audio experiences. Its systems have been installed, all over the world, in workplaces, houses of worship, universities, restaurants, retail stores, hotels, performing arts centers, stadiums and more.

Bose Corporation chief executive, Lila Snyder, says: “We’re proud of what Bose Professional has accomplished – its legacy in the professional AV market and the diverse list of amazing installations it has completed all over the globe. The sale to Transom will provide Bose Professional the additional attention it needs to support the professional audio customer, and to continue to develop products and technologies that stand out in the industry. It will also allow Bose to focus more deeply on our core business – creating amazing audio experiences for on-the-go, at home and in the car.”

Transom founder and managing partner, Russ Roenick, says that Bose Professional’s tenure in the professional audio business, its standout product portfolio and customers, as well as its dedication to research, engineering and innovation, make it a compelling business for the Transom portfolio.

Bose Professional chief executive, Michael Bennett, says: “We’re excited about the new opportunities this will enable us to explore. Our customers are the key reason we develop systems that are easy to design, easy to install and easy to operate. As the pro-AV industry continues to evolve, our focus is on ways to help our customers be more successful and clear the path to great sound.”

Progress Partners acted as Bose’s exclusive financial advisor in connection with the sale. Additional information, including financial and other terms of the transaction, will remain confidential.