Thiel Audio Acquired by Nashville-based Private Equity Firm
Thiel co-founders the late Jim Thiel (left) and Kathy Gornik (right) at the 2009 CES
We received the following press release last night. No more information was available and there was no word when this story was first posted on whether or not Thiel cofounder Kathy Gornik will remain with the company. Since then, however, CEPro.com has reported that Kathy and her daughter Dawn Cloyd, who was director of international sales, will both leave Thiel. Why the sale? Our suspicion is that while Thiel remains a great brand, it is too small a company, with no access to a significant source of capital, to be able to compete effectively in today's market.
Coincident Speaker Technology was known until recently as Concentric Speaker Technology. Under that name they marketed a line of cylindrical speakers covered in leather. All of their previous offerings have been discontinued along with their former name; the Troubador ($1495/pair), a handsome two-way housed in an asymmetrical cabinet, is the first of their new line of speakers. A bass module/speaker support à la the Wilson Puppy is also offered. Coincident's speakers are designed by Israel Blume and are direct-marketed in the US. There's a 30-day money-back guarantee and a five-year warranty on parts and labor.
