JAM Industries acquires The Music People
- Details
Founded in 1979 by Jim Hennessey, TMP will operate as a division of JAM, managed by TMP’s co-presidents John and Sharon Hennessey, who now report directly to JAM Industries president & CEO Martin Szpiro.
“Since being acquired by DCC Technology in September 2018, JAM has the resources to operate as an acquisition engine,” Szpiro says. “While the purchase of TMP is our first acquisition since being acquired by DCC, it is by no means the last. We are aggressively pursuing MI and pro audio companies that compliment and extend our current portfolio of offerings.
“Over the last 48 years, JAM has grown organically and through acquisition into a $400m company comprised of eight divisions that serve a broad range of musical inst