Intrepid, a leading middle-market investment bank, today announced the sale of its client, Amped Wireless, a developer and marketer of premium WiFi networking solutions, to Digital Products International (DPI), a leading producer of consumer electronics selling products under the Memorex, Zeki, iLive, GPX, WeatherX, Culinar and Oster brands.
“Amped is excited to join forces with DPI. This combination will enable us to continue to innovate and offer exciting solutions to our customers. The team from Intrepid has been a great partner for us and expertly led our process to find a value-added strategic partner,” commented Amped Wireless Founder Jason Owen. “I was impressed with Intrepid’s Commercial & Consumer Technology team, their thoroughness and tenacity was key in helping me find a partner and transaction that met our company’s goals.”
“In only five short years, Amped Wireless has emerged as one of the top brands in the networking category with a unique suite of premium branded long-range WiFi solutions,” said Gary Rabishaw, Managing Director and Co-Head of Intrepid’s Commercial & Consumer Technology practice. “We are very pleased to have found the right strategic partner with the scale and distribution reach to take Amped to the next level.”
Added Adam Abramowitz, Managing Director and Co-Head of Intrepid’s Commercial & Consumer Technology practice: “Amped is well positioned to benefit from growing demand for WiFi connectivity throughout the home as consumer adoption of connected home and IoT devices proliferates. We are excited to follow Amped’s growth under DPI’s ownership in this very exciting category with massive growth potential.”
Headquartered in Ontario, Calif., Amped Wireless pioneered the long-range, high-powered WiFi category with premium solutions to address the everyday challenges of WiFi range, including range extenders, routers and repeaters. They ranked No. 16 on Inc. 500’s 2013 list of 5000 fastest growing private companies and No. 1 in Computer Hardware. On Deloitte's Technology Fast 500 list, Amped ranks No. 15 overall and No. 1 in Computers/Peripherals.