Chinese firm HSG acquires majority stake in Marshall Group for $1.1 billion
guitarworld.com — February 3, 2025, 04:00 PM UTC
HongShan Capital Group (HSG), a Chinese private equity firm, has acquired a majority stake in the Marshall Group for approximately $1.1 billion. The Marshall family will retain a 20% stake in the company. The deal is pending regulatory approval. This acquisition marks a significant shift for Marshall, which was previously sold to Zound Industries in March 2023. HSG aims to enhance Marshall's brand and expand its global reach, focusing on both guitar amplifiers and home audio products. Marshall's CEO, Jeremy de Maillard, plans to modernize the company's offerings. The firm recently announced new products, including updated versions of its classic amplifiers, signaling a commitment to innovation in the music gear market.