RCA Commercial Acquired by Holdings Firm
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Indianapolis-based RCA Commercial Electronics and its operating entity DTI Services have been acquired by Phoenix-based Alpine 4 Holdings Inc. (Nasdaq: ALPP). RCA is a legacy brand that was a communications and consumer electronics leader for more than five decades beginning in the 1920s.
Following several divestitures over the decades, DTI Services purchased the RCA Brand in 2006 to design and build products for the hospital, lodging, education, and institutional markets.
Alpine 4 is a holding company that acquires technology businesses and corporate services.
Terms of the deal were not disclosed, but the new owner says the heritage of RCA is not to be overlooked.
“There are very few moments in life outside of being a parent, where life presents something of enormous gravity that you have the opportunity to be the caretaker of,” said Alpine 4 Chief Executive Officer Kent Wilson. “This acquisition represents one of those moments in time. The RCA name is the purest expression of what we call ‘Americana.’”
Wilson says the power of the brand name is already starting to bear fruit as Alpine 4 has several products that will come to market in 2022 with the RCA name on it.
Jeff Kingston, President of RCA commented, “RCA’s reputation as the most trusted name in electronics, is just as relevant today as it was back in 1919,” said RCA President Jeff Kingston. “It’s a pivotal time to join Alpine 4 and we look forward to the combined collaborative creativity being put into action through innovative products and projects.”
The Radio Corporation of America was founded in 1919 and headquartered in Indianapolis. The company developed the first American radio network, the National Broadcasting Company (NBC).