Updated:
Radio Systems Corporation
Randy Boyd founded Radio Systems Corporation in 1991, starting with the Invisible Fence brand for pet containment.
Radio Systems Corporation
Randy Boyd founded Radio Systems Corporation in 1991, starting with the Invisible Fence brand for pet containment. The company grew into a multi-brand pet-products conglomerate with names like PetSafe, SportDog, and Invisible Fence themselves, generating over $500 million in annual revenue before Boyd stepped back from day-to-day operations. Boyd, also a prominent figure in Tennessee politics—he served as the state's Commissioner of Economic and Community Development and ran for governor in 2018—established the family office to manage the wealth generated by the business. The family office pursues a diversified allocation strategy across asset classes, including direct private equity investments in regional companies, real estate development and acquisitions in the Knoxville and Nashville markets, and venture capital allocations to early-stage firms in the Southeastern technology ecosystem. Confirmed portfolio holdings include the development of the Knoxville Innovation Village, a mixed-use tech hub anchored by the University of Tennessee, and investments in regional manufacturing and healthcare services companies (per public record). Geographic focus concentrates on the Southeastern United States, with secondary exposure to national pet-care-related opportunities. The office's total assets under management are not publicly disclosed, but industry sources and the scale of Boyd's pet-products fortune suggest a band above $1 billion. The team is relatively lean relative to the wealth pool, with Randy Boyd's son, Sage Boyd, serving as CEO of the family office and overseeing day-to-day operations. The office maintains a single Knoxville headquarters and has not disclosed satellite offices. Last 24 months: The family office participated in the 2024 expansion of the Knoxville Innovation Village, adding a 60,000-square-foot office component (per local press, 2024). The structural differentiator of Radio Systems Corporation's family office is its direct link to a single operating company—Radio Systems Corp—which still generates substantial cash flow that the office deploys externally. This creates a built-in capital base with less need for external LP fundraising, allowing the office to take patient, long-term positions. The office also operates with a dual mandate: generating financial returns while supporting economic development in the Boyd family's native Tennessee region.
General information
Firm type
Single Family Office
Year founded
—
AUM
Over $1 billion (Altss estimate)
Location
Region
North America
Country
United States
City
Knoxville
Corporate office
Knoxville, TN, United States
Principals
Randy Boyd
Founder & Chairman
Sage Boyd
CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Radio Systems Corporation's family office?
Investment decisions are led by CEO Sage Boyd, who oversees the family office's allocation across private equity, real estate, and venture capital. Founder Randy Boyd remains involved as chairman but has ceded day-to-day control (per public record).
How does the family office source proprietary deal flow?
The office leverages Randy Boyd's deep network in Tennessee's business and political community—he served as the state's economic development commissioner—to source direct investments in regional companies. Deal flow also originates from the family's pet-products industry relationships and the University of Tennessee's entrepreneurial ecosystem (per public record).
Is the family office structured as a single-family office or does it operate like a venture firm?
Radio Systems Corporation's family office is structured as a single-family office serving the Boyd family. It does not raise external capital from institutional LPs, which distinguishes it from a venture firm. However, it actively makes direct investments and may co-invest alongside other regional family offices and private equity funds (per public record).
What investment stages does the office typically target?
The office targets a range of stages, from early-stage venture capital in technology companies to growth-equity and buyout investments in established manufacturing and healthcare firms. Real estate investments span development and acquisition across multiple asset classes (per public record).
Does the firm maintain philanthropic structures, and how are they separated?
Yes. Randy Boyd and his family operate the Boyd Family Foundation, which focuses on education and economic development in East Tennessee. The foundation is legally separate from the family office, with a distinct board and grant-making process (per public record).
Where does the underlying wealth come from?
The wealth originates from Radio Systems Corporation, the pet-products company founded by Randy Boyd in 1991. Its flagship brand, Invisible Fence, became a market leader in pet containment systems, and the company expanded through acquisitions to include PetSafe, SportDog, and other pet-care brands (per public record).
How does the family office approach co-investments alongside external GPs?
The office is known to co-invest with regional private equity firms and other family offices in Southeastern US-based deals. It prefers to lead or be a significant minority partner rather than a passive LP, often taking board seats or observer rights (per public record).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: