M&A Deal Summary

Minute Media Acquires STN Video

On January 24, 2024, Minute Media acquired digital media company STN Video from Canadian Business Growth Fund and Frontier Growth

Acquisition Highlights
  • This is Minute Media’s 5th transaction in the Digital Media sector.
  • This is Minute Media’s 1st transaction in Canada.
  • This is Minute Media’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2024-01-24
Target STN Video
Sector Digital Media
Buyer(s) Minute Media
Sellers(s) Canadian Business Growth Fund
Frontier Growth
Deal Type Add-on Acquisition

Target

STN Video

Victoria, British Columbia, Canada
STN Video is a digital video distribution platform, partnering with over 75 sports leagues and content providers (MLB, NFL, NBA, etc.) to deliver their official video highlights and content to over 1,600 publishers across North America including USA Today, The National Post, LA Times and Chicago Tribune. It gives publishers the content, revenue, and technology tools they need to succeed in the digital world while offering their video providers opportunities to grow, engage their fans, and provide additional revenue opportunities from their advertisers and sponsors. STN Video was founded in 2010 and is based in Victoria, British Columbia.

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Buyer(S) 1

Buyer

Minute Media

New York, New York, United States
Category Company
Founded 2011
Sector Digital Media
DESCRIPTION

Minute Media is a media and technology company, powered by authentic and socially driven content created by the fans, for the fans. Minute Media was founded in 2011 and is based in New York city.

DEAL STATS #
Overall 5 of 5
Sector (Digital Media) 5 of 5
Type (Add-on Acquisition) 3 of 3
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Wazimo

Tel Aviv, Israel

Wazimo is a privately held technology and content company that specializes in growing and monetizing audiences at scale through an automated data-driven approach. Wazimo was formed in 2015 and is based in Tel Aviv, Israel.

Buy -

Seller(S) 2

SELLER

Canadian Business Growth Fund

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2018
PE ASSETS 545M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 4 of 5
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (British Columbia) 1 of 1
Country (Canada) 4 of 5
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-22 Specialty Medical Partners

Toronto, Ontario, Canada

Specialty Medical Partners partner with medical specialists across North America to provide health and care for their patients. Specialty Medical Partners was formed in 2021 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 PureFacts Financial Solutions

Toronto, Ontario, Canada

PureFacts Financial Solutions is a provider of wealth management solutions for the financial services industry in Canada, USA, UK, and the Caribbean. PureFacts Financial Solutions is based in Toronto, Ontario.

Sell -
SELLER

Frontier Growth

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1999
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Frontier Capital LLC is a private investment firm that provides expansion capital to high-growth 'technology-enabled' business service companies generating revenues $8-$30 million. Frontier targets companies that utilize technology, an innovative business process, or a unique expertise to deliver a differentiated service to customers. Frontier typically invests throughout the Southeast and Mid-Atlantic regions of the US and looks to commit $10 to $50 million of equity capital per transaction. Investment proceeds are generally used for growth initiatives, acquisitions, or to provide shareholder liquidity. Frontier Capital was formed in 1999 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 38 of 38
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 23 of 23
State (British Columbia) 2 of 2
Country (Canada) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-06 commonsku

Toronto, Ontario, Canada

commonsku is a workflow collaboration platform designed to help the promotional products industry operate more efficiently. The company is a CRM and order management platform for promotional products distributors that enables them to manage their customer interactions, present ideas to their customers, create orders, and manage production, invoice, and bill. commonsku is based in Toronto, Ontario.

Buy -
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