Investment Summary

Hoak Communications Partners Exits Broadcast Electronics

On January 29, 2004, private equity firm Thompson Street Capital Partners invested in technology hardware company Broadcast Electronics from Hoak Communications Partners

Investment Highlights
  • This is Thompson Street Capital Partners’ 1st transaction in the Technology Hardware sector.
  • This is Thompson Street Capital Partners’ 2nd transaction in the United States.
  • This is Thompson Street Capital Partners’ 1st transaction in Illinois.
Investment Fate
  • Broadcast Electronics was sold to a consortium of financial buyers in 2006 for 100M USD.
  • Broadcast Electronics was sold to a strategic buyer in 2017.

Investment Summary

Date 2004-01-29
Target Broadcast Electronics
Sector Technology Hardware
Investor(s) Thompson Street Capital Partners
Sellers(s) Hoak Communications Partners
Deal Type Secondary Buyout

Target

Broadcast Electronics

Quincy, Illinois, United States
Broadcast Electronics, Inc. is a provider of equipment and software solutions to the radio broadcast market.

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Investor(S) 1

Investor

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 2 of 73
Sector: Technology Hardware M&A 1 of 4
Type: Secondary Buyout M&A Deals 1 of 18
State: Illinois M&A 1 of 6
Country: United States M&A 2 of 72
Year: 2004 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-19 Wright Metal Products

Simpsonville, South Carolina, United States

A leading provider of steel shipping containers for power sports and lawn and garden vehicles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-12 Kele

Bartlett, Tennessee, United States

Kele is a distributor of commercial HVAC and building automation interface products. Kele provides peripheral control products and services to the building automation systems industry. Kele's product offering includes over 15,000 interface products, including transmitters, sensors, switches, gauges and relays from over 200 manufacturers. Kele was founded in 1983 and is based in Bartlett, Tennessee.

Buy -

Seller(S) 1

SELLER

Hoak Communications Partners

Dallas, Texas, United States

Category Private Equity Firm
PE ASSETS 175M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Hoak Communications Partners is a private media investment group focused on the acquisition, development and operation of television and radio stations in small and medium-sized markets within the US. Hoak is focused on acquiring primarily big three network affiliated stations in markets that rank from 75 to 200. Hoak Communications Partners L.P. is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2004 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-08-18 Broadcast Electronics

Quincy, Illinois, United States

Broadcast Electronics, Inc. is a provider of equipment and software solutions to the radio broadcast market.

Buy -