The Past and Present of Peavey Electronics
By Hartley Peavey, Founder and CEO
“I
had the good fortune to grow up in a very interesting part
of the country during a very interesting time. My teenage years
spanned the middle 1950s ... Mississippi was literally the
birthplace of what we now know as rock 'n roll.
My father ran the local music store, and he put me to work
there cleaning up and helping buy records when I was 14 years
old. I was a disk jockey throughout my last two years of
high school and into college as well.
In 1957, I went to a Bo Diddley concert in Laurel, Mississippi
and from then on, I wanted to be a guitar player. I begged
my father to give me an electric guitar but got nowhere
with that request. He told me that I could take some guitar
lessons and if I learned to play guitar, he would "consider
getting me a guitar." Obviously, being a teenager,
the concept of "waiting" was not very attractive,
so I ended up modifying a classic guitar to accept steel
strings. I then built my own pickup because I couldn't
afford one. I went back to my dad and begged for an amplifier
. . . . same story as on the guitar. That's when I built
my first amplifier--at the end of 1957 and the early part
of 1958.”
“At the beginning of 1964, I decided I would do what
every musician I talked to said . . . "I wish someone
would build good guitars, amps and P.A. systems at a fair
and reasonable price." That sounded good to me.
Leo Fender has always been my idol. When he started his
company in 1946, he started out building damn good products
that weren't fancy but represented great performance and
great value. I figured if it was good enough for Leo, it
was good enough for me. I decided then and there that I would
build the best musical equipment possible at fair and reasonable
prices, even though I knew it would have to be done a different,
and hopefully better, way.
When I graduated from college in 1965, I started Peavey
Electronics. I came up with the original Peavey logo "doodling" in
my notebook in high school. I put the first versions of this
on my amplifiers that I made in my Dad's basement. At that
time, both my amps and logos were pretty crude, but I learned
a lot. In fact, after nearly 37 years, I'm still learning,
and that's what keeps me interested. Since I conceived the
company in 1964, my goal was to be the best. By definition,
you can't be the best unless you are different. Peavey is
a different kind of company and has been from the first.”
“The year I started my company (1965) was the year
that Leo sold out to CBS. Beginning about that time, the
huge conglomerates were buying up most of the music companies
who were (then) family owned. LTV bought Altec Lansing. Norlin
bought Gibson from Chicago Musical Instruments. Gulf & Western
bought Unichord (the Marshall Distribution), and countless
other traditionally family-owned music companies were gobbled
up by the money men. Almost universally, prices went up drastically
while quality did the opposite. It was a wonderful opportunity
for Peavey.
We were building great equipment at fair prices. It seemed
that the conglomerates were only too willing to sacrifice
quality and performance on the "altar of profit." Although
I didn't have the experience—and certainly not the
financial resources—of the conglomerates, I had a passion
for the product and for the people and for the industry.
. . . I still do!”
“Since the invasion of the conglomerates in the 60's
and 70's, many companies with famous names have changed hands,
often several times. Unbelievably, many musicians think that
because the name is the same, the company is the same. This
is not true! After all, companies are nothing but groups
of people. The truth of the matter is that when people change,
so do the companies.
My company has been under the same ownership for nearly
37 years. I can think of only one other company, Marshall,
that has been under the same ownership longer than Peavey.
Through the years, we continued to ‘dare to be different’ and
build the best products possible. Currently, my company has
over 130 patents worldwide with new ones being applied for
at all times. A major difference between Peavey and our competitors
is that some of the famous names seem more interested in
trying to recreate the glories of the past than in build
a better product for today's (and tomorrow's) musician.”
“Interestingly, if you look at both the major American
guitar companies, neither has introduced any significantly
new guitar designs in the last 35 years. A very interesting
contrast when compared to Peavey's introduction of 80 to
100 all new products every year.
“Our goal was (and still is) ‘to be the best,’ even
though that means being different.”
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