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Broadcast Electronics Acquired by New Ownership Group


Broadcast Electronics
Broadcast Electronics

Broadcast Electronics has been acquired by a new ownership group led by CEO Rich Redmond along with majority investor The Alzana Group, LLC of Boston. The transaction was completed as an asset purchase from previous owner ELENOS S.r.l. of Italy. The company will continue operating under the Broadcast Electronics brand but will do business under a new legal entity, BE Systems, Inc.

Founded in 1959, Broadcast Electronics provides hardware and software products to radio broadcasters worldwide. Redmond said the acquisition marks the start of a new chapter for the company, focused on innovation and developing new products for the global radio industry.

"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," Redmond said. He will also become a significant owner in the company.

Redmond added that he looks forward to working with John Danner, founder and chairman of The Alzana Group, to expand the company's capabilities and accelerate growth while strengthening its focus on customer service.

Danner, who previously served as chairman of GatesAir from 2017 to 2022, said the investment reflects Alzana's strategy of supporting businesses with growth potential. He added that the firm sees opportunities in the radio broadcast sector for newer technology and improved service.

Financial terms of the transaction were not disclosed.

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