Fender announces change in ownership

Fender Stratocaster headstock
(Image credit: Future)

Fender has announced that longtime investor Servco Pacific Inc. has entered into a sale and purchase agreement to acquire TPG Growth’s shares in the storied electric guitar company. 

The agreement will make Servco the new majority stake owner in Fender; previously, the brand had been operating under joint ownership by Servco and TPG Growth.

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Richard Bienstock

Rich is the co-author of the best-selling Nöthin' But a Good Time: The Uncensored History of the '80s Hard Rock Explosion. He is also a recording and performing musician, and a former editor of Guitar World magazine and executive editor of Guitar Aficionado magazine. He has authored several additional books, among them Kurt Cobain: Montage of Heck, the companion to the documentary of the same name.