InMotion Entertainment Group, a portfolio company of Bruckmann, Rosser, Sherrill & Co. and Palladin Consumer Retail Partners, has acquired Airport Wireless Holdings (APW), the second-largest airport-based retailer of consumer electronics and accessories in U.S.
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APW operates under five banners: Airport Wireless, techshowcase, Tech Interaction, tech in a sec, and Touch Table. With the acquisition of APW, InMotion will further enhance its leading market position in consumer electronics in the airport channel to 120 locations in the all of the major airports across the United States.
InMotion Entertainment Group, based in Jacksonville, Florida, is the largest airport-based retailer of headphones, mobile device accessories, other consumer electronics, and travel accessories
With the acquisition of its next largest competitor, APW, the Company operates 120 locations in the busiest airports across the United States under the InMotion Entertainment, Soundbalance, and Headphone Hub banners.
Known for their curated product selection of market-leading brands and best-in-class sales associates, InMotion offers travelers an unparalleled shopping experience for consumer electronics products.
BRS is a New York-based private equity firm with $1.4 billion of committed capital under management in three investment partnerships, focused on investing in middle market consumer goods and services businesses. Since 1996, BRS has purchased over 40 portfolio companies for aggregate consideration of over $6.4 billion.
In addition, BRS portfolio companies have completed approximately $1.9 billion of add-on acquisitions.
Palladin Consumer Retail Partners, is a Boston-based private equity firm focused exclusively on retail and consumer products companies in North America and Europe. Founded in 1998, the firm prides itself on working closely with management teams to create value through strategic and operational initiatives.
Its current and former investments include Aerosoles, KT Health, Nic & Zoe, Harrys of London, J. McLaughlin, Things Remembered, Restoration Hardware, Andrew Marc, Party America, and Spencer Gifts. ■