A business that has become a familiar part of North Laine in Brighton is “perfectly positioned” to grow following a management buyout.
Guitar, Amp and Keyboard Center (GAK) GAK was founded in 1992 by Gary Marshall and has grown into one of the UK’s largest independent musical instrument retailers.
He has also expanded his store over the years and now occupies a significant portion of North Road at the junction with Gardner Street.
This week, the company announced a management buy-out partly funded by private equity firm Risk Capital Partners, which has become the majority shareholder.
Co-CEOs Max McKellar and Ian Stephens said the company’s strategy is to grow its online presence.
A statement from them said, âGary has built an internationally renowned music retail business, and we are very fortunate to be able to continue with his passion and take it to the next stage in its development.
âWhile GAK and the music industry have encountered and overcome challenges in recent years, we are now uniquely positioned to take advantage of short and long term opportunities.
âWe also have an exceptional workforce and a very experienced and talented management team.
The dealer’s management buyout process was supported by lawyers for Coffin Mew, who have an office on Prince Albert Street.