Kevin Kelly, the former owner of Stampede Global Holdings, announced that the lawsuit he filed against DCC Technology Holdings, Inc. in 2022 (Kelly v. DCC Technology Holdings, Inc., No. 22-CV-518, United States District Court, W.D. New York) has been amicably resolved, bringing an end to the litigation regarding post-closing payments related to the acquisition of Stampede by DCC Technology Holdings in 2018.
“I am pleased we could reach a resolution that allows all parties to move forward,” said Kelly. “This settlement reflects a fair and constructive outcome. I want to thank everyone who has supported us throughout this process. With this dispute now resolved, I can once again focus on developing future opportunities and continuing to contribute positively to the ProAV and CE industries I have been a part of for almost 30 years.”
According to Kelly, the terms of the settlement remain confidential.
For nearly 30 years Kevin Kelly has been a leading catalyst of innovation and growth in the ProAV and Consumer Electronics industries, starting in 1997 when he, together with partner Mark Wilkins, launched Stampede Presentation Products, Inc. From a single warehouse office in Buffalo, New York, Kelly and Wilkins grew Stampede into the world’s largest high value-added distributor of commercial and consumer electronic products with offices located throughout North America, the United Kingdom, and Australia.
A past member of the AVIXA Board of Directors (2016-2018) and Leadership Search Committee (2014), Kevin Kelly is currently a private equity investor who partners with company leaders to establish high-growth operational roadmaps, stimulate innovation, and infuse businesses with capital and the strategic advisory support necessary to sustain long-term growth. He can be reached at Kevin.M.Kelly@outlook.com.
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