M&A Deal Summary

GateHouse Media Acquires Enterprise NewsMedia

On May 9, 2006, GateHouse Media acquired publishing company Enterprise NewsMedia from New Heritage Capital

Acquisition Highlights
  • This is GateHouse Media’s 1st transaction in the Publishing sector.
  • This is GateHouse Media’s 1st transaction in the United States.
  • This is GateHouse Media’s 1st transaction in New York.

M&A Deal Summary
Date 2006-05-09
Target Enterprise NewsMedia
Sector Publishing
Buyer(s) GateHouse Media
Sellers(s) New Heritage Capital
Deal Type Add-on Acquisition

Target

Enterprise NewsMedia

Fairport,, New York, United States
Enterprise NewsMedia publishes two suburban daily papers with long-established franchises and thirteen award-winning weekly newspapers all strategically clustered in the attractive South of Boston region. The combined circulation of its two daily newspapers, The Patriot Ledger and The Brockton Enterprise, is approximately 88,000, with week-end circulation of approximately 106,000.

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Buyer(S) 1

Buyer

GateHouse Media

Fairport, New York, United States
Category Company
Sector Media
DESCRIPTION

GateHouse Media, Inc. is one of the nation’s largest local media companies as measured by its daily publications.

DEAL STATS #
Overall 1 of 3
Sector (Publishing) 1 of 3
Type (Add-on Acquisition) 1 of 2
State (New York) 1 of 1
Country (United States) 1 of 3
Year (2006) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-06 Herald Media

Boston, Massachusetts, United States

Herald Media is the most powerful advertising and news medium in eastern Massachusetts. For readers, Herald Media's online and print publications offer strong, grassroots journalism written, photographed and edited by people whose foundations are within the communities they serve.

Buy $230M

Seller(S) 1

SELLER

New Heritage Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

New Heritage Capital LLC is a private investment firm specializing in the acquisition and equity-based recapitalization of private, family owned businesses. Heritage looks to invest in growing, middle-market companies with at least $30 million in annual revenue and EBITDA of at least $4 million. Target sectors include aerospace, consumer products, food/beverage, media/publishing, healthcare, manufacturing, pet products, plastics/packaging, printing, and value-added distribution. New Heritage Capital LLC was formed in 2006 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 6 of 22
Sector (Publishing) 1 of 1
Type (Add-on Acquisition) 2 of 9
State (New York) 2 of 5
Country (United States) 6 of 19
Year (2006) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-11 Sunrise Growers-Frozsun Foods

Placentia, California, United States

Sunrise Growers-Frozsun Foods, Inc. is a supplier of frozen strawberry products as well as a distributor and marketer of fresh strawberries. Sunrise sells under its own brands as well as through its customers' private label programs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-31 OneSource Distributors

Oceanside, California, United States

OneSource Distributors is a wholesale distributor of electrical products. automation controls, industrial supplies. Company also offer a full range of tool & safety products, wire & specialty cable, and solar equipment. OneSource is an authorized Allen-Bradley and Rockwell Automation distributor, with 17 locations serving San Diego, Los Angeles and all of southern California, Nevada, Arizona, Hawaii, and Mexico.

Buy -
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