M&A Deal Summary

Revolution Capital Group Acquires Tampa Media Group

On October 8, 2012, private equity firm Revolution Capital Group acquired publishing company Tampa Media Group from Media General for 10M USD

Acquisition Highlights
  • This is Revolution Capital Group’s 1st transaction in the Publishing sector.
  • This is Revolution Capital Group’s largest (disclosed) transaction.
  • This is Revolution Capital Group’s 4th transaction in the United States.
  • This is Revolution Capital Group’s 1st transaction in Florida.
Investment Fate
  • Tampa Media Group was sold to a strategic buyer in 2016.

M&A Deal Summary
Date 2012-10-08
Target Tampa Media Group
Sector Publishing
Buyer(s) Revolution Capital Group
Sellers(s) Media General
Deal Type Divestiture
Deal Value 10M USD

Target

Tampa Media Group

Largo, Florida, United States
website
Tampa Media Group, Inc. publishes the The Tampa Tribune, a daily newspaper that was originally established in 1895 and that serves the Tampa Bay/St. Petersburg market.

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Buyer(S) 1

Buyer

Revolution Capital Group

Beverly Hills, California, United States

Investor Investor Investor

website

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Revolution Capital Group is a private investment firm primarily focused on acquiring non-core/non-strategic divestitures from larger, public corporations throughout North America and Europe. The Firm looks for situations where it can leverage it's operational expertise in improving performance. Sectors of interest include media, manufacturing, technology, business services, transportation, industrials, healthcare, consumer products, distribution, and food/beverage. Revolution Capital was formed in 2009 and has offices in Boston and Los Angeles.

DEAL STATS #
Overall 4 of 7
Sector (Publishing) 1 of 1
Type (Divestiture) 2 of 3
State (Florida) 1 of 1
Country (United States) 4 of 6
Year (2012) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-21 LSSM

New York, New York, United States

LSSM, Inc. (Lawrence Schiff Silk Mills) is a manufacturer of ribbons, bows, ties, straps, webbing and over 500 additional woven, fabricated materials for more than 1,000 customers worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 Maysteel Industries

Allenton, Wisconsin, United States

Maysteel Industries specializes in designing, engineering, and manufacturing custom, precision, OEM sheet metal enclosures, electrical cabinets, and metal fabricated assemblies. The company's product solutions are widely used in the alternative energy, kiosk, gaming, security, medical, utility, industrial drive and automation, and self-serve/vending machine industries and are also found in a variety of other applications. Maysteel Industries was founded in 1936 and is based in Allenton, Wisconsin.

Buy -

Seller(S) 1

SELLER

Media General

Richmond, Virginia, United States

website

Category Company
Founded 1850
Sector Media
Employees5,400
Revenue 1.3B USD (2015)
DESCRIPTION

Media General is a provider of news, information and entertainment across broadcast television, digital media and mobile platforms, serving consumers and advertisers in strong local markets. The company's broadcast operations include 31 network-affiliated television stations and their associated digital and mobile media services. Media General's network affiliations include 12 CBS stations, 9 NBC, 7 ABC, and one each for FOX, CW and MNT.

DEAL STATS #
Overall 4 of 7
Sector (Publishing) 2 of 2
Type (Divestiture) 4 of 7
State (Florida) 1 of 2
Country (United States) 4 of 7
Year (2012) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-17 Media General Newspapers

United States

Media General Newspapers provides 63 daily and weekly titles.These newspapers are great institutions and powerful brands in their respective markets.

Sell $142M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-21 LIN Media

Providence, Rhode Island, United States

LIN Media is a local multimedia company that operates or services 43 television stations and seven digital channels in 23 U.S. markets, along with a diverse portfolio of websites, apps and mobile products that make it more convenient to access its unique and relevant content on multiple screens. LIN Media’s highly-rated television stations deliver important local news and community stories along with top-rated sports and entertainment programming to 10.5% of U.S. television homes. The Company’s growing digital media portfolio helps agencies and brands effectively and efficiently reach their target audiences at scale by utilizing its ComScore Top 15 Video and Top 25 Display market share, and the latest in conversational marketing, video, display, mobile, social intelligence and monetization, as well as reporting across all screens.

Buy $2.6B
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