M&A Deal Summary

Genesis Park Acquires Texas Monthly

On October 13, 2016, private equity firm Genesis Park acquired publishing company Texas Monthly from Emmis Communications for 25M USD

Acquisition Highlights
  • This is Genesis Park’s 1st transaction in the Publishing sector.
  • This is Genesis Park’s largest (disclosed) transaction.
  • This is Genesis Park’s 13th transaction in the United States.
  • This is Genesis Park’s 11th transaction in Texas.

M&A Deal Summary

Date 2016-10-13
Target Texas Monthly
Sector Publishing
Buyer(s) Genesis Park
Sellers(s) Emmis Communications
Deal Type Divestiture
Deal Value 25M USD

Target

Texas Monthly

Austin, Texas, United States
website
Texas Monthly is one of the most respected publications in the nation and has won 11 National Magazine Awards (and 60 nominations), the industry's equivalent of the Pulitzer Prize.

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Buyer(S) 1

Buyer

Genesis Park

Houston, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Genesis Park is a private equity firm focused on lower middle-market opportunities. Transaction situations of interest include growth capital financings, carveouts, buyouts, special situations, and helping founder/family companies. The Firm has a preference for majority control, but will consider select minority investments. Prospective businesses are generally profitable ($2 to $20 million) with $5 to $100 million of revenue. Genesis Park was formed in 1999 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 14 of 23
Sector (Publishing) 1 of 1
Type (Divestiture) 1 of 2
State (Texas) 11 of 17
Country (United States) 13 of 22
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-15 ipDatatel

Sugar Land, Texas, United States

ipDatatel LLC engineers and manufactures innovative Internet-ready devices for security, home automation, and the HVAC industries. ipDatatel was founded in 2007 and is based in Sugar Land, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 ipDatatel

Sugar Land, Texas, United States

ipDatatel LLC engineers and manufactures innovative Internet-ready devices for security, home automation, and the HVAC industries. ipDatatel was founded in 2007 and is based in Sugar Land, Texas.

Sell -

Seller(S) 1

SELLER

Emmis Communications

Indianapolis, Indiana, United States

website


Category Company
Founded 1980
Sector Media
Employees234
Revenue 40M USD (2020)
DESCRIPTION
Entrance to Emmis Communications' corporate headquarters in Indianapolis, Indiana.
Entrance to Emmis Communications' corporate headquarters in Indianapolis, Indiana.

Emmis Communications is a diversified media company, principally focused on radio broadcasting. Emmis owns radio stations in New York, Los Angeles, St. Louis, Austin, Indianapolis and Terre Haute. Emmis also develops and licenses TagStation, a cloud-based software platform that allows a broadcaster to manage album art, meta data and enhanced advertising on its various broadcasts, and developed NextRadio, a smartphone application that marries over-the-air FM radio broadcasts with visual and interactive features on smartphones. In addition to radio properties, Emmis publishes several city and regional magazines. Emmis Communications was incorporated in 1980 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 4 of 6
Sector (Publishing) 1 of 1
Type (Divestiture) 4 of 6
State (Texas) 1 of 2
Country (United States) 4 of 6
Year (2016) 3 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Emmis Communications - WTHI-FM and WWVR-FM Stations

Indianapolis, Indiana, United States

Emmis Communications Corp. - WTHI-FM and WWVR-FM operates radio stations in Indiana markets.

Sell $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 Emmis Communications - Publishing Assets

Indianapolis, Indiana, United States

Emmis Communications Corp. - Publishing Assets includes Atlanta, Cincinnati, Orange Coast and Los Angeles magazines.

Sell -