Exec buys Rhythm Band
By Staff -- Playthings, 4/30/2008 8:43:00 AM
FORT WORTH, Texas—Private equity firm Momentum Capital Partners has partnered with Rhythm Band Instruments veteran Brad Kirkpatrick to acquire the assets of the children’s musical instrument maker.
Kirkpatrick, who has become RBI’s president and chief operating officer, has 22 years experience in music industry management. He spent eight years at RBI in roles related to operations and fulfillment.
“Being associated with this 46 year old company has been the highlight of my career,” said Kirkpatrick. “The fact that RBI has not only existed but thrived for this long made this decision an easy one.”
The move follows the retirement of RBI president and CEO Bob Bergin and vice president of sales Laura Bergin.
The company has appointed Jackson Guitars alumnus Edel Diaz as its new business development/sales manager.
“Edel has been successful at every level of his career and he has already begun contributing to the company. We look forward to the opportunity to introduce Rhythm Band’s proprietary brands to education supply dealers,” Kirkpatrick said.
