February 04, 2022 I Acquisition
76T Acquires PM Music Center
Frank Pampenella
PM Music Center of Aurora, Illinois, announced 76T LLC has purchased a controlling interest in the company. Founded by Frank and Julie Pampenella in 1982, PM Music Center is the leading provider of high-quality band-and-orchestra instruments to students, music directors and schools throughout the Chicago area and beyond. Both Frank and Julie Pampenella will remain with the company. Financial terms were not disclosed.
“Julie and I are proud of the business we created and we especially value the relationships we’ve built,” said Frank Pampenella. “When Julie and I founded PM Music, we wanted to create a business that focused on students and music directors, providing high-quality musical instruments and services at affordable prices. As we considered PM Music Center’s future, it was critical for us to partner with a team that shared our values and customer focus, and we believe we’ve found that with 76T. Our new partners at 76T have the experience, capital and vision to build upon the foundation we established and we’re excited to work with them.”
“PM Music Center stood out to us as a best-in-class business,” said Lewis Shender, president of 76T LLC. “Frank and Julie are inspired leaders and have created an enviable culture — a community — dedicated to music education. We’re pleased that Frank and Julie decided to partner with us and that they will continue to contribute and be a part of the team as we go forward. We look forward to working with the entire PM Music Center team and the students, parents and music directors they support.”
