Parasound Founder Richard Schram Sells Company to Entrepreneur David Sheriff

Richard Schram, who founded the prestigious audio equipment brand Parasound in 1981, has announced his retirement and the sale of his company to David Sheriff, an entrepreneur active in product growth and supply-chain management. Audio amplifiers and other home audio and installation components from Parasound are recognized for their exceptional build quality, value, and sonic fidelity. Following the ownership transition, David Sheriff intends to reinforce that reputation and growth.

Bryston has introduced a Back to the Future vintage product restoration service, offering existing or prospective users three valuable basic tiers of services that can be purchased individually or combined on each vintage product. From a complete inspection of all electrical and mechanical functions with replacement of appropriate parts, to simple cosmetic upgrades and replacement of output power transistors, Bryston wants to encourage long-lasting ownership.

Bryston, the manufacturer of audio electronics and loudspeakers for music and cinema systems, has joined the Azione Unlimited buying group serving audio/video integration professionals. The company from Peterborough, Ontario, made the announcement following the recent acquisition of the business by James Tanner, now the company CEO. Tanner already confirmed the intention to fortify relationships with A/V specialty dealers and expand Bryston's R&D and manufacturing.

Audio Precision announced the transition of company ownership from majority shareholder Bruce Hofer to AP’s leadership team. Mr. Hofer will continue to apply his expertise as principal hardware engineer while maintaining his role as Chairman of AP’s Board. Dave Schmoldt, AP President, will assume the responsibilities of Chief Executive Officer.