The designer and head of the company passed over a decade ago, but the classic designs were always supposed to be excellent speakers.
https://en.wikipedia.org/wiki/Thiel_Audio
Wiki sez:
THIEL Audio was an American
privately held high performance
loudspeaker (
hi-end audio) manufacturer founded in
Lexington, Kentucky, but later based in
Nashville, Tennessee. Thiel Audio products were distributed to over 30 countries. All products by the founders were designed and built in their 35,000-square-foot (3,300 m2) facility located in Lexington. Thiel ceased operations in 2018.
History
Thiel Audio was formed by three college friends, Jim Thiel, Tom Thiel, and Kathy Gornik, who started in 1976 with equipment in the Thiels' garage on Georgetown Road in Lexington. Thiel Audio was formed with $25,000 borrowed from the partners' parents and some friends. Jim Thiel graduated from the
University of Kentucky in 1968, majoring in
physics. Thiel Audio first exhibited at the
Consumer Electronics Show in 1977 (the year the company was commonly stated as being founded, although they had been selling since 1976) with the introduction of the 01 full-range speaker. A year later, in 1978, the model 03 introduced the principles of time, phase, and frequency coherence, which would become the basis for all of Jim Thiel's designs and the fundamental idea for which Thiel would be known
Jim Thiel died of cancer on September 17, 2009.
In 2012, Thiel Audio was sold to a private equity company in Nashville, and later that year, Gornik was replaced as president of the company. Since the purchase, Thiel had five CEOs in five years, and discontinued all of Jim Thiel's original designs. The company reintroduced themselves as a high-end lifestyle brand, focused on surround sound systems based on more traditional engineering. The new company's speakers did not follow Jim Thiel's time/phase coherency premise, but they continued to use the custom-designed drivers.
In late 2017, amid rumours of the company's impending demise, long-time Thiel Service manager Rob Gillum purchased the service operation from Thiel Audio. He stated his intention was to provide repairs and warranty work to owners of "legacy" Thiel speakers.
On January 31, 2018, the company closed and on October 24 of that year, they declared bankruptcy