BNET Industries
Last Fiscal Year Sales:$248.6M
- Private
- US
Dow Jones Description
Muzak LLC (Muzak) believes that it is the leading provider of business music programming in the United States. Muzak is a wholly owned subsidiary of Muzak Holdings LLC, previously known as ACN Holdings, LLC. ACN Holdings, LLC was formed in September 1998 pursuant to the laws of Delaware and Muzak LLC began its operations on October 7, 1998 with the acquisition of independent franchisees from Audio Communications Network, Inc. On March 18, 1999, Muzak Limited Partnership merged with and into Audio Communications Network LLC. At the time of the merger, ACN changed its name to Muzak LLC. We refer to Muzak Holdings and its subsidiaries collectively as the Company. Our two core products are Audio Architecture SM and Voice SM . We provide our products to numerous types of businesses including specialty retailers, restaurants, department stores, supermarkets, drug stores, financial institutions, hotels, health and fitness centers, business offices, manufacturing facilities and medical centers, among others. During 2006, our top twenty clients represented approximately 15% of our revenues with no single client representing more than 5% of our revenues. Our clients typically enter into a non-cancelable five-year contract that renews automatically for at least one additional five-year term unless specifically terminated at the initial contract expiration date. ...
Chief Executive Officer
Gregory RayburnNumber of Employees 1,261
Peer Companies
NAICS Code Other Sound Recording Industries: 512290
Recent Events
-
Muzak gets Chapter 11 bankruptcy financing
-
Muzak's Branding Services Retained by The Picture People Portrait Studios
News & Analysis
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company and muzak llc - All News and Analysis
Muzak LLC Announces Fourth Quarter Results
- 2003-02-28
Business Editors FORT MILL, S.C.--BUSINESS WIRE--Feb. 28, 2003 Muzak LLC ("Muzak" or the "Company"), the leading provider of business music services in the United States, today announced financial results for the quarter and year ended December 31, 2002. Music and other business services revenue for the quarter...
Muzak LLC Announces Third Quarter Results
- 2002-11-06
Business Editors FORT MILL, S.C.--BUSINESS WIRE--Nov. 6, 2002 Muzak LLC ("Muzak" or the "Company"), the leading provider of business music services in the United States, today announced financial results for the quarter ended September 30, 2002. Music and other business services revenue for the quarter ended September...
Muzak LLC Announces Fourth Quarter Results
- 2002-04-01
Business Editors FORT MILL, S.C.--BUSINESS WIRE--April 1, 2002 Muzak LLC ("Muzak" or the "Company"), the leading provider of business music services in the United States, today announced financial results for the quarter and year ended December 31, 2001. Music and other business services revenue for the quarter...
Muzak LLC Announces Additional Revolving Commitments
- 2002-03-29
Business Editors FORT MILL, S.C.--BUSINESS WIRE--March 29, 2002 Muzak LLC has obtained a waiver of its violation of the maximum consolidated capital expenditures covenant under the Senior Credit Facility from the requisite lenders for the period ending December 31, 2001. In addition, Muzak LLC has increased its...
Muzak LLC Announces Third Quarter Results
- 2001-11-06
Business Editors/Entertainment Writers FORT MILL, S.C.--BUSINESS WIRE--Nov. 6, 2001 Muzak LLC ("Muzak" or the "Company"), the leading provider of business music services in the United States, today announced financial results for the quarter ended September 30, 2001. Music and other business services revenue for the quarter ended...
Muzak LLC Announces New Chief Operating Officer
- 2001-10-10
Business Editors FORT MILL, S.C.--BUSINESS WIRE--Oct. 10, 2001 Muzak LLC ("Muzak") announced today that Stephen Villa has been named Chief Operating Officer. Steve joined Muzak in September 2000 as Chief Financial Officer and will continue to serve in such capacity in addition to his role as Chief...
Muzak LLC Announces Second Quarter Results
- 2001-08-13
Business Editors FORT MILL, S.C.--BUSINESS WIRE--Aug. 13, 2001 Muzak LLC ("Muzak" or the "Company"), the leading provider of business music services in the United States, today announced financial results for the quarter ended June 30, 2001. Total revenue for the quarter ended June 30, 2001 was $50.7...
Muzak LLC Announces Third Quarter Results
- 2000-11-06
Business Editors/Entertainment Writers FORT MILL, S.C.--BUSINESS WIRE--Nov. 6, 2000 Muzak LLC ("Muzak"), the leading provider of business music services in the United States, announced today financial results for its third quarter of 2000. Revenue for the quarter ended September 30, 2000 totaled $49.9 million, a 3.8% increase,...
Muzak LLC Announces New Chief Financial Officer
- 2000-08-22
Business Editors CHARLOTTE, N.C.--BUSINESS WIRE--Aug. 22, 2000 Muzak LLC ("Muzak") announced today that Mr. Stephen Villa has been named Chief Financial Officer. Mr. Villa brings a variety of experience to Muzak's executive ranks. Since 1998, Mr. Villa has served as Chief Financial Officer and Treasurer of Frisby...
Muzak LLC Announces Second Quarter Results
- 2000-08-14
Business Editors CHARLOTTE, N.C.--BUSINESS WIRE--Aug. 14, 2000 Muzak LLC ("Muzak") announced today financial results for its second quarter of 2000. Revenue for the quarter ended June 30, 2000 totaled $48.0 million, a 9.9% increase, compared to $43.7 million during the quarter ended March 31, 2000. The Company...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Gregory Rayburn | Chief Executive Officer |
| Stephen P. Villa | Chief Executive Officer |
| David Moore | Chief Technology Officer |
| R. Dodd Haynes | CFO |
| Thomas J. Gantert | Chief Operating Officer |
| Kenneth Kahn | Senior Vice President, Operations |
| Bob Finigan | Vice President, Marketing |
| Mike Zendan | General Counsel, Vice President and Secretary |
| Daryl Ballou | Senior Systems Engineer |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| J. Travis Hain | Board of Directors |
| Robert MacInnis | Board of Directors |
| Royce Yudkoff | Board of Directors |
| Scott R. Poole | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Magna Entertainment Corp. | Interim Chief Executive Officer | Current |
| Muzak LLC | Chief Executive Officer | Current |
| Fti Palladium Partners | Senior Managing Director | Current |
| AAIPharma, Inc. | Interim Chief Operating Officer | Former |
| Fti Palladium Partners | Practice Leader | Current |
| Organization | Position | Status |
|---|---|---|
| Muzak LLC | Chief Executive Officer | Current |
| Muzak LLC | CFO, COO & Treasurer | Former |
| Harman Consumer Group | Controller | Former |
| Organization | Position | Status |
|---|---|---|
| Muzak LLC | Chief Technology Officer | Current |
| Muzak LLC | Senior Vice President, Technology Operations | Former |
| Organization | Position | Status |
|---|---|---|
| Muzak LLC | CFO | Current |
| Organization | Position | Status |
|---|---|---|
| Muzak LLC | Chief Operating Officer | Current |
| Salt Lake City Corp | Regional Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Muzak LLC | Senior Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Muzak LLC | Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Muzak LLC | General Counsel, Vice President and Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Muzak LLC | Senior Systems Engineer | Current |
J. Travis Hain has served as Director since November 2006. He is the managing partner of Banc of America Capital Investors and was one of its founders in 1993. He has been with Bank of America and its predecessor for more than twenty years. Mr. Hain is presently a director or the equivalent of Eurofresh and FlexSol Packaging Corporation.
| Organization | Position | Status |
|---|---|---|
| Superior Bancorp | Managing Partner | Current |
| Muzak LLC | Board of Directors | Current |
Robert P. MacInnis has served as Director since November 2003. He is a partner of ABRY Partners, a private equity firm which focuses exclusively on media and communication companies. Prior to joining ABRY Partners, he was Chief Financial Officer of Weather Services Corporation, an ABRY portfolio company. From 1991 to 1997, he was associated with PricewaterhouseCoopers, where he was a senior manager in the Mergers and Acquisitions Group. Mr. MacInnis is presently a director or the equivalent of various companies including Hispanic Yellow Pages Network LLC and Consolidated Theatres.
| Organization | Position | Status |
|---|---|---|
| ABRY Partners Inc. | Partner | Current |
| Muzak LLC | Board of Directors | Current |
| PricewaterhouseCoopers | senior manager in the Merger and Acquisition Group | Former |
| Boston University | Certified Public Accountant | Former |
| Boston University | MBA | Former |
| Merrimack College | graduate | Former |
| Organization | Position | Status |
|---|---|---|
| ABRY Partners Inc. | Chief Executive Officer | Current |
| ABRY Partners Inc. | Board of Directors | Current |
| Penton Media, Inc. | Board of Directors | Current |
| Nexstar Broadcasting Group, Inc. | Board of Directors | Current |
| Cast, Inc. | Board of Directors | Current |
| USA Mobility, Inc. | Board of Directors | Current |
| Muzak LLC | Board of Directors | Current |
| Bain & Company | partner | Former |
| ABRY Partners Inc. | Owner | Former |
| Metrocall, Inc. | Director | Former |
| Dartmouth College | honors graduate | Former |
| Harvard Business School | graduated as a Baker Scholar | Former |
Scott R. Poole has served as a Director since November 2006. He is a partner with Banc of America Capital Investors. Prior to joining Banc of America Capital Investors in 1995, he was an analyst at First Union Capital Partners, the principal investment group of the former First Union Corporation. Mr. Poole is presently a director of National Seating and Mobility, Inc. and OrthoNet Holdings Inc.
| Organization | Position | Status |
|---|---|---|
| Superior Bancorp | Partner | Current |
| National Seating Co. | Director | Current |
| Mobility, Inc. | Director | Current |
| Muzak LLC | Board of Directors | Current |
Executive News
-
Hearing on examiner in Magna bankruptcy postponed
-
Muzak's Branding Services Retained by The Picture People Portrait Studios
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