Gear4Music Acquires PMT's Key Assets Amid Industry Challenges

Deal News | Jun 12, 2025 | Home of Direct Commerce

Gear4Music Acquires PMT's Key Assets Amid Industry Challenges

Gear4Music has strategically acquired certain intangible assets from Play Music Today (PMT), a competing company focusing on musical instrument retailing. The acquisition includes websites, trademarks, commercial data, and stock, at a time when PMT's parent company, S & T Audio Ltd, faced financial difficulties, recording a loss of £280,000 due to shrinking margins and heightened operating costs. Rick Harrison and Howard Smith from Interpath were appointed as joint administrators for S & T Audio. Despite the acquisition, Gear4Music does not intend to incorporate any of PMT's trading businesses or liabilities, nor will it utilize the PMT brand name moving forward.

Sectors

  • Retail
  • Music Equipment
  • Corporate Finance

Geography

  • United Kingdom – Both Gear4Music and S & T Audio Ltd are UK-based companies, and the events described in the article occur within this region.

Industry

  • Retail – The article discusses retail companies focused on the sale of musical instruments and related assets.
  • Music Equipment – The industry involved in the retailing of musical instruments and equipment, pertinent as both Gear4Music and S & T Audio Ltd are engaged in this sector.
  • Corporate Finance – The article touches on elements of corporate finance, with discussions around the acquisition of assets and the financial difficulties faced by S & T Audio Ltd.

Financials

  • £43 million – The reported annual sales of Play Music Today.
  • £280,000 – The financial loss recorded by S & T Audio Ltd prior to the administration process.

Participants

NameRoleTypeDescription
Gear4MusicAcquirerCompanyA musical instrument retailer who purchased certain assets from PMT.
S & T Audio LtdVendor/Target CompanyCompanyPMT's owner, which faced financial difficulties leading to the asset sale.
Play Music Today (PMT)Target AssetsCompanyA brand involved in musical instrument retail which has had some of its key assets acquired by Gear4Music.
Rick Harrison and Howard SmithAdministratorsPeopleAppointed as joint administrators from Interpath to manage S & T Audio Ltd's administration due to financial struggles.