McIntosh Laboratory, the Binghamton-based manufacturers of high-end audio gear, has been acquired by a private equity firm.

Highlander Partners of Dallas, Texas has bought the McIntosh Group, which is anchored by the company that's been operating in Broome County for more than 70 years.

McIntosh has been expanding its production capacity at its manufacturing facility on Chambers Street on Binghamton's South Side.

High-end audio equipment is assembled by hand at the McIntosh facility on Binghamton's South Side and then shipped around the world. (Photo: Bob Joseph/WNBF News)
High-end audio equipment is assembled by hand at the McIntosh facility on Binghamton's South Side and then shipped around the world. (Photo: Bob Joseph/WNBF News)
loading...

Last September, the company had about 160 employees at the site and was trying to hire more people to meet surging demand for its wide range of audio equipment.

At that time, McIntosh president Charles Randall said the company was busier than it ever had been. He said orders from around the world "went absolutely crazy" after a brief Covid-19 production shutdown in the spring of 2020.

McIntosh equipment has earned a global reputation for high quality and excellent design. Many of the people working at the Binghamton plant have been with the company for decades.

McIntosh equipment ready to be shipped from the company's Binghamton plant in September 2021. (Photo: Bob Joseph/WNBF News)
McIntosh equipment ready to be shipped from the company's Binghamton plant in September 2021. (Photo: Bob Joseph/WNBF News)
loading...

Highlander Partners did not announce how much it paid for the McIntosh Group, which includes Sonus Faber, an Italian-based maker of premium speakers.

It was not immediately known what effect the acquisition may have on the Binghamton operation.

WATCH: This video of a brief walk-through at the McIntosh plant on Binghamton's South Side from last September.

Enter your number to get our free mobile app

Contact WNBF News reporter Bob Joseph: bob@wnbf.com. For breaking news and updates on developing stories, follow @BinghamtonNow on Twitter.

LOOK: See how much gasoline cost the year you started driving

To find out more about how has the price of gas changed throughout the years, Stacker ran the numbers on the cost of a gallon of gasoline for each of the last 84 years. Using data from the Bureau of Labor Statistics (released in April 2020), we analyzed the average price for a gallon of unleaded regular gasoline from 1976 to 2020 along with the Consumer Price Index (CPI) for unleaded regular gasoline from 1937 to 1976, including the absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gas over time and rediscover just how much a gallon was when you first started driving.

15 Iconic Retail Stores That Don't Exist Anymore (But We Totally Miss Shopping At)

Inside Amazon: A Detailed History of America's Biggest Online Retailer

Stacker compiled a list of key moments in Amazon's history and its current business from a variety of sources. Here's a look at the events that turned an online bookstore into a global conglomerate and a self-made entrepreneur into the world's second-richest man.