On 1 October 2009 Altec Lansing LLC announced that it was to be acquired by Prophet Equity for approximately 18 million dollars. In July 2011, Altec Lansing LLC announced the opening of new West Coast headquarters in San Diego, California. Brendon Stead joined as Vice President of Product Management and Engineering. Stead was formerly the General Manager and Vice President of Harman International and Labtec. On October 18, 2012, The Infinity Group bought Altec Lansing for $17.5 million at auction thus saving the company from bankruptcy. Infinity specializes in acquiring and turning around struggling or bankrupt consumer brands.