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 6
Sector: Digital Media M&A 5 of 5
Type: Add-on Acquisition M&A Deals 3 of 4
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-09 VideoVerse

Los Angeles, California, United States

VideoVerse is a video-editing SaaS platform that has found an extremely strong product-market fit in serving enterprises across numerous industries, such as OTT players, broadcasters, sports clubs and leagues, marketing agencies, e-gaming platforms, and more. VideoVerse is based in Los Angeles, California.

Buy -

Seller(S) 2

SELLER
DESCRIPTION

Canadian Business Growth Fund (CBGF) is an independent, evergreen growth?capital investment fund backed by Canadian banks and insurance companies. The Firm looks to provide minority equity investments ranging from CAD?5 to?20?million in mid?market Canadian businesses with solid revenue and growth trajectories. CBGF was formed in 2018 and is based in Toronto, Ontario.


DEAL STATS #
Overall 4 of 6
Sector: Digital Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: British Columbia M&A 1 of 1
Country: Canada M&A 4 of 6
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 FundThrough

Toronto, Ontario, Canada

FundThrough is a tech-powered invoice funding platform that generates fast, customized funding solutions to accelerate cash flow for growing small and medium sized B2B businesses across North America. FundThrough was founded in 2014 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-01 MaxSold

Kingston, Ontario, Canada

MaxSold is an online marketplace for buyers and sellers to help people to clear household contents. Working directly with downsizing, estate, and relocation clients, and with over 500 partner companies in the elder care and relocation industries, MaxSold has already helped over 16,000 clients sell over 1.8 million items. MaxSold is based in Kingston, 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 41
Sector: Digital Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 23 of 26
State: British Columbia M&A 2 of 2
Country: Canada M&A 2 of 3
Year: 2024 M&A 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 was founded in 2011 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-16 EPR Fireworks

Jacksonville, Florida, United States

EPR Fireworks offers a comprehensive, unified Records Management System platform, specifically designed for fire and emergency medical services agencies. EPR Fireworks was founded in 2016 and is based in Jacksonville, Florida.

Buy -