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M&A Deal Summary

Tampa Bay Times Acquires Tampa Media Group

On May 3, 2016, Tampa Bay Times acquired publishing company Tampa Media Group from Revolution Capital Group and Atar Capital

Acquisition Highlights
  • This is Tampa Bay Times’ 1st transaction in the Publishing sector.
  • This is Tampa Bay Times’ 1st transaction in the United States.
  • This is Tampa Bay Times’ 1st transaction in Florida.

M&A Deal Summary
Date 2016-05-03
Target Tampa Media Group
Sector Publishing
Buyer(s) Tampa Bay Times
Sellers(s) Revolution Capital Group
Atar Capital
Deal Type Add-on Acquisition

Target

Tampa Media Group

Largo, Florida, United States
Tampa Media Group, Inc. publishes the The Tampa Tribune, a daily newspaper that was originally established in 1895 and that serves the Tampa Bay/St. Petersburg market.

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Buyer(S) 1

Buyer

Tampa Bay Times

St. Petersburg, Florida, United States
Category Company
Founded 1904
Sector Publishing
DESCRIPTION
Tampa Bay Times office in downtown Tampa, Florida.
Tampa Bay Times office in downtown Tampa, Florida.

Tampa Bay Times is a publisher of newspapers and magazines serving the Tampa Bay region of central Florida.

DEAL STATS #
Overall 1 of 1
Sector: Publishing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-13 Erie Times-News

United States

Erie Times-News is a publisher of news and magazines.

Sell $12M

Seller(S) 2

SELLER

Revolution Capital Group

Beverly Hills, California, United States

Investor Investor

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Revolution Capital Group is a private investment firm primarily focused on acquiring non-core/non-strategic divestitures from larger, public corporations throughout North America and Europe. The Firm looks for situations where it can leverage it's operational expertise in improving performance. Sectors of interest include media, manufacturing, technology, business services, transportation, industrials, healthcare, consumer products, distribution, and food/beverage. Revolution Capital was formed in 2009 and has offices in Boston and Los Angeles.

DEAL STATS #
Overall 2 of 5
Sector: Publishing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 2 of 4
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 LSSM

New York, New York, United States

LSSM, Inc. (Lawrence Schiff Silk Mills) is a manufacturer of ribbons, bows, ties, straps, webbing and over 500 additional woven, fabricated materials for more than 1,000 customers worldwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 Maysteel Industries

Allenton, Wisconsin, United States

Maysteel Industries specializes in designing, engineering, and manufacturing custom, precision, OEM sheet metal enclosures, electrical cabinets, and metal fabricated assemblies. The company's product solutions are widely used in the alternative energy, kiosk, gaming, security, medical, utility, industrial drive and automation, and self-serve/vending machine industries and are also found in a variety of other applications. Maysteel Industries was founded in 1936 and is based in Allenton, Wisconsin.

Sell -
SELLER

Atar Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Atar Capital is a private investment firm focused on complex acquisitions and turnarounds. The Firm has a special interest in non-core or non-strategic divestures of public companies. Atar seeks opportunities with $50 million to $1.5 billion of revenue and up to $25 million of EBITDA. Targeted sectors include automotive, manufacturing, distribution, industrials, business services, media/entertainment, technology, consumer products, food/beverages, healthcare, aerospace/defense, and transportation. Atar Capital was established in 2016 and is based in Los Angeles, California.

DEAL STATS #
Overall 1 of 7
Sector: Publishing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
State: Florida M&A 1 of 1
Country: United States M&A 1 of 5
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 Maysteel Industries

Allenton, Wisconsin, United States

Maysteel Industries specializes in designing, engineering, and manufacturing custom, precision, OEM sheet metal enclosures, electrical cabinets, and metal fabricated assemblies. The company's product solutions are widely used in the alternative energy, kiosk, gaming, security, medical, utility, industrial drive and automation, and self-serve/vending machine industries and are also found in a variety of other applications. Maysteel Industries was founded in 1936 and is based in Allenton, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 FIS

Tulsa, Oklahoma, United States

FIS is an outsourced provider of inspection and integrity services to the oil and gas industry. The company supports midstream pipelines, terminals, storage tanks, and energy infrastructure across the U.S., offering construction oversight, non-destructive testing, and integrity management solutions. FIS was founded in 1975 and is based in Tulsa, Oklahoma.

Buy -
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