M&A Deal Summary

Rockbridge Growth Equity and Beringea Acquire Gas Station TV

On June 2, 2014, growth capital firm Rockbridge Growth Equity and private equity firm Beringea acquired media company Gas Station TV

Acquisition Highlights
  • This is Rockbridge Growth Equity’s 2nd and Beringea’s 2nd transaction in the Media sector.
  • This is Rockbridge Growth Equity’s 18th and Beringea’s 24th transaction in the United States.
  • This is Rockbridge Growth Equity’s 6th and Beringea’s 16th transaction in Michigan.

M&A Deal Summary

Date 2014-06-02
Target Gas Station TV
Sector Media
Buyer(s) Rockbridge Growth Equity
Beringea
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Barclays Investment Bank (Financial)

Target

Gas Station TV

Detroit, Michigan, United States
Gas Station TV is a media network for reaching on-the-go consumers. GSTV engages, influences and drives consumers to action with exclusive content from ESPN, CNN's Headline News and Buzz Today, Bloomberg TV, and AccuWeather at fuel retailers across the country. Its growing viewership continues to solidify video at the pump as an exemplary platform to reach a captivated, real-time audience. Gas Station TV was founded in 2006 and is based in Detroit, Michigan.

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Buyer(S) 2

Buyer

Rockbridge Growth Equity

Detroit, Michigan, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2007
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Rockbridge Growth Equity is a private equity firm focused on growth businesses in service-driven industries. Areas of interest include consumer direct marketing, business services, financial services, and sports/media/entertainment companies. Rockbridge's target investment size is $20 to $100 million. The Firm prefers control positions but will consider select minority investments. Rockbridge Growth Equity was formed in 2007 and is based in Livonia, Michigan.


DEAL STATS #
Overall 18 of 30
Sector (Media) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 9 of 14
State (Michigan) 6 of 7
Country (United States) 18 of 30
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-16 Rapid Financial

Bethesda, Maryland, United States

Rapid Financial is an online financial services company that offers flexible funding solutions to small and medium-sized businesses. Rapid Financial was established in 2005 and is based in Bethesda, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-23 Robb Report Media

Los Angeles, California, United States

Robb Report Media LLC is a provider of publishing businesses for more than two decades. Robb Report Media with its current family of publications serves the ultra-luxury markets with a powerful network of leading lifestyle publications, including the world's most acclaimed journal of connoisseurship, Robb Report, as well as The Robb Report Collection, Art & Antiques, Robb Report Sports and Luxury Auto and Robb Report Vacation Homes. Robb Report Media is based in Los Angeles, California.

Buy -
Buyer

Beringea

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 715M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.


DEAL STATS #
Overall 52 of 103
Sector (Media) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Michigan) 16 of 20
Country (United States) 24 of 39
Year (2014) 7 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-14 Peerius

London, United Kingdom

Peerius Ltd. is a provider of intelligent omnichannel personalization in the cloud, accelerating the third wave of smart personalization technology called autonomous personalization.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-05 Big Data Partnership

London, United Kingdom

Big Data Partnership Ltd. is a big data specialist solution provider. The company offers data science, big data engineering and certified training and support to diverse industries, including web, financial services, telecoms, utilities, defense and media.

Buy -