M&A Deal Summary

On Top Broadcasting Acquires JP Broadcasting

On January 1, 2002, On Top Broadcasting acquired media company JP Broadcasting from Alta Equity Partners

Acquisition Highlights
  • This is On Top Broadcasting’s 1st transaction in the Media sector.
  • This is On Top Broadcasting’s 1st transaction in the United States.
  • This is On Top Broadcasting’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2002-01-01
Target JP Broadcasting
Sector Media
Buyer(s) On Top Broadcasting
Sellers(s) Alta Equity Partners
Deal Type Add-on Acquisition

Target

JP Broadcasting

New Orleans, Louisiana, United States
JP Broadcasting was formed by Chris Devine and Alta Communications to operate one FM radio station in New Orleans, LA.

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Buyer(S) 1

Buyer

On Top Broadcasting

Category Company
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2002) 1 of 1

Seller(S) 1

SELLER

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.

DEAL STATS #
Overall 21 of 45
Sector (Media) 8 of 19
Type (Add-on Acquisition) 19 of 36
State (Louisiana) 2 of 3
Country (United States) 20 of 43
Year (2002) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Pappas Telecasting Co s.

Visalia, California, United States

Pappas Telecasting is a television broadcasting company owned and run by Harry Pappas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-11 Cypress Communications

Atlanta, Georgia, United States

Cypress Communications is an on-demand communication solution provider in 29 major metropolitan U.S. markets, connecting more than 120,000 employees for over 8,500 small and mid-sized businesses in commercial office buildings.

Sell -
Mergr

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