BNET Industries
Last Fiscal Year Sales:$50.3M
- Private
- US
Dow Jones Description
The first Music & Arts Center was located in a small house in Bethesda, Maryland, and run by founder Benjamin O'Brien (on the left, in the photo, with his father, John). That first store offered music lessons, music and art supplies plus dance lessons - thus the name Music & Arts. Since its beginning in 1952, the company gradually expanded outside the MD/VA area, adding retail stores in Atlanta, the Philadelphia area, the Carolinas, Nashville, Denver and most recently, the Northeast. With 62 stores throughout the East Coast and Colorado, Music & Arts Center soon became one of the largest retail music store chains serving a huge network of school band and orchestra programs. In 1998, the corporate headquarters moved from Rockville, Maryland, to Frederick, Maryland.
Number of Employees 1,500
Peer Companies
NAICS Code Musical Instrument and Supplies Stores: 451140
News & Analysis
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music & arts center inc. - All News and Analysis
Two Massachusetts stores acquired: Music & Arts Center.(RETAILER UPDATE)
- 2006-09-01
MUSIC AND ARTS CENTER, a division of Guitar Center, has completed the acquisition of Newton Centre Music and Scotti Piano and Music. Newton Centre Music in Newton, Massachusetts, was acquired on June 2, and Scotti Piano and Music in Peabody, Massachusetts, was acquired on June 23....
Guitar Center, Inc. Announces Second Quarter 2005 Results Consolidated Net Sales Up 18.5%; Consolidated Net Income Up 6.3%; Diluted EPS of $0.46 Includes Acquisition Charges of $0.07 Related to Music & Arts Center Transaction
- 2005-07-26
WESTLAKE VILLAGE, Calif. -- Guitar Center, Inc. (Nasdaq:GTRC) today announced financial results for the second quarter ended June 30, 2005. Consolidated net sales increased 18.5% to $402.3 million from $339.6 in the second quarter of last year. Consolidated net income increased 6.3% to $12.9 million, or $0.46 per diluted...
Guitar Center, Inc. Completes Music & Arts Center Acquisition
- 2005-04-15
WESTLAKE VILLAGE, Calif. -- Guitar Center, Inc. (Nasdaq:GTRC) today announced that the Company has completed its previously announced acquisition of privately held Music & Arts Center, a Maryland-based musical instruments retailer with an emphasis on the beginning musician. Music & Arts Center operates 62 retail locations primarily located in the...
Guitar Center to Acquire Music & Arts Center; Acquisition Strengthens Offering to Educational Segment of Music Industry
- 2005-02-09
WESTLAKE VILLAGE, Calif. -- Guitar Center, Inc. (Nasdaq:GTRC) today announced that it has signed a definitive agreement to acquire privately held Music & Arts Center, a Maryland-based musical instruments retailer, which primarily addresses the beginning musician, with an emphasis on rentals, music lessons, and band and orchestra instrument sales. The...
Music & Arts Center adds stores in NJ, SC. (Retailer Update).
- 2003-04-01
Music & Arts Center has opened two new stores, one in Lawrenceville, New Jersey, and the other in Charleston, South Carolina. The New Jersey store is located at Mercer Mall in Lawrenceville, near Princeton, and is Music & Arts Center's second New Jersey location....
Music & arts center opens in Nashville. (Retailer Update).
- 2001-12-01
MUSIC & ARTS CENTER opened its 42nd location in July, in Nashville, Tennessee. The new store's permanent location had its grand opening in early November in Thoroughbred Village Center at Cool Springs, in the Nashville suburb of Franklin. The store features instrument sales and...
Three new locations for Music & Arts Center. (Retailer Update).
- 2001-10-01
MUSIC & ARTS CENTER of Frederick, Maryland, has opened three new retail store locations: Peachtree City, Georgia, and Loveland, Colorado, which are brand-new stores, and the July acquisition of Machen Music in Hagerstown, Maryland. Music & Arts now has 42 stores in ten states: Maryland, Virginia,...
MUSIC & ARTS CENTER ACQUIRES DON RANDALL MUSIC.
- 2001-07-01
MUSIC & ARTS CENTER of Frederick, Maryland, has acquired Don Randall Music of Lancaster, Pennsylvania. In business since 1963, Don Randall Music has been the dominant dealer in the region and enjoyed a great reputation. After Don Randall died eight years ago, the store was run...
MUSIC & ARTS CENTER ACQUIRES CB ELLIS MUSIC; ELBEL JOINS FIRM.
- 2001-05-01
MUSIC & ARTS CENTER of Frederick, Maryland, has acquired CB Ellis Music of Burlington, North Carolina. Randy Elbel, former owner of CB Ellis, has joined the Music & Arts Center staff as director of school services for the Southeast region. The acquisition of CB...
MUSIC & ARTS CENTER ACQUIRES WELLS MUSIC.
- 2000-10-01
Music & Arts Center of Frederick, Maryland, has acquired Wells Music's Band, Orchestra and Combo division in Colorado, which consists of two locations, one in Lakewood, the other in Westminster, plus an extensive educational road service program. The two stores were formerly part of three Wells...
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