Divestiture • Technology Hardware

Slate Capital Group Acquires Broadcast Sports International

On May 4, 2015, private equity firm Slate Capital Group acquired technology hardware company Broadcast Sports International from L-3 Communications

Acquisition Context
  • This is Slate Capital Group’s 1st transaction in the Technology Hardware sector.
  • This is Slate Capital Group’s 10th transaction in the United States.
  • This is Slate Capital Group’s 3rd transaction in Maryland.
Investment Fate
  • Broadcast Sports International was sold to a strategic buyer in 2018.

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M&A Deal Summary

Date May 4, 2015
Target Broadcast Sports International
Sector Technology Hardware
Buyer(s) Slate Capital Group
Sellers(s) L-3 Communications
Deal Type Divestiture

Target Company

Broadcast Sports International

Hanover, Maryland, United States
Broadcast Sports International LLC is a provider of wireless (RF) technology and communications systems services for use in the field of sports television broadcasting. Broadcast Sports International was founded in 1979 and is based in Hanover, Maryland.
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Buyer Overview 1

Buyer

Slate Capital Group

Baltimore, Maryland, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Slate Capital Group is a private equity firm focused on acquiring controlling interests in small to mid-sized companies with $3 to $30 million of EBITDA. The Firm prefers companies headquartered in the Eastern half of the US and targets businesses operating in the business services, distribution, light manufacturing, and food & beverage sectors. Prospective companies typically exhibit recurring revenue, sustainable margins, identifiable growth opportunities, and significant barriers to entry. Slate Capital Group was formed in 2004 and is based in Baltimore, Maryland.


Deal Context for Buyer #
Overall 10 of 16
Sector: Technology Hardware 1 of 1
Type: Divestiture 1 of 1
State: Maryland 3 of 4
Country: United States 10 of 16
Year: 2015 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-25 DoublePositive Marketing Group

Baltimore, Maryland, United States

DoublePositive Marketing Group, Inc. is an online marketing company for lead buyers and lead sellers, and direct response advertisers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 WDS

Fairbury, Illinois, United States

WDS is an industrial distribution and supply chain management company. White Distribution & Supply, WDS is a provider of wide variety of adhesives and sealants including epoxies, acrylics, urethanes, and silicones and technical expertise. WDS was founded in 1984 and is based in Fairbury, Illinois.

Buy -

Seller Profile 1

SELLER

L-3 Communications

New York, New York, United States

Category Company
Founded 1997
Sector Technology Hardware
Employees38,000
Revenue 9.6B USD (2017)
DESCRIPTION

L3 Technologies, Inc. is an american company that supplies command and control, communications, intelligence, surveillance and reconnaissance systems and products, avionics, ocean products. L3 Technologies was founded in 1997 and is based in New York.


Deal Context for Seller #
Overall 3 of 9
Sector: Technology Hardware 1 of 1
Type: Divestiture 2 of 8
State: Maryland 1 of 1
Country: United States 2 of 8
Year: 2015 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-22 MITEQ

Hauppauge, New York, United States

Miteq offers a broad product line of active and passive RF microwave components and low-power SATCOM products for space and military applications.

Buy $41M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-28 CTC Aviation Group

Southampton, United Kingdom

CTC Aviation Group Ltd. is a provider of global airline pilot training and crew resourcing specialist that offers customized and innovative solutions to major airlines and retail customers globally.

Buy £143M