Two Industry Leaders Team Up to Transform Outdoor Entertainment
Intrepid today announced that its client, SunBrite Holding Corporation (SunBriteTV), a manufacturer of premium outdoor TV displays and digital signage solutions for residential and commercial applications, was acquired by SnapAV, a manufacturer and exclusive distributor of installation-friendly audio, video and CCTV products to residential and commercial A/V integrators.
SunBriteTV was a portfolio company of Bunker Hill Capital, a leading Boston-based private equity investor in lower middle-market companies, and SnapAV is a portfolio company of General Atlantic LLC, a global growth equity firm.
“SunBriteTV pioneered the outdoor television category and has become the market leader behind its reputation for providing the highest quality all-weather, outdoor TVs to the residential, commercial and digital signage markets. We appreciate the opportunity to represent Bunker Hill and SunBriteTV in this important process, and we believe SunBriteTV is poised for transformational growth under the ownership of SnapAV,” said Gary Rabishaw, Managing Director and Co-Head of the Commercial & Consumer Technology practice at Intrepid.
“Intrepid’s Commercial & Consumer Technology team demonstrated a deep understanding of SunBriteTV’s value drivers and the unique characteristics of the CEDIA distribution channel. They ran a highly professional and robust process, finding a compelling strategic acquirer for SunBriteTV and achieving a great result for the shareholders,” said Brian Kinsman, Managing Partner at Bunker Hill Capital.
“Our practice is devoted to working with the leading companies in the consumer and professional electronics markets. SunBriteTV spanned both markets and we are pleased to have found the perfect partner that will accelerate SunBriteTV’s growth,” commented Adam Abramowitz, Managing Director and Co-Head of the Commercial & Consumer Technology practice at Intrepid.
In 2004, SunBriteTV launched the world’s first true outdoor TV. SunBriteTV models are designed, engineered and assembled in Thousand Oaks, Calif. The company enjoys a reputation for toughness and durability as their TVs last for years in some of the harshest climates in North America—positioning SunBriteTV as the No. 1 brand among the CE Pro 100. SunBriteTV is also the outdoor TV of choice for many professional sports stadiums, including Yankee Stadium, Gillette Stadium, Wrigley Field, Soldier Field, Marlins Park and many others.
Intrepid’s Commercial & Consumer Technology team has extensive experience advising middle-market clients on M&A, private equity capital raising and financing transactions. Our deep sector knowledge ensures that our clients receive the best representation and maximum value creation. Sectors covered include connected home technologies, lifestyle electronics and pro audio/visual solutions.
Deal Team Contacts
- Gary Rabishaw, Managing Director and Co-Head of Commercial & Consumer Technology
- Adam Abramowitz, Managing Director and Co-Head of Commercial & Consumer Technology
About Intrepid Investment Bankers
Intrepid Investment Bankers provides M&A, capital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage, rooted in our founders’ successful 35-year history, breeds a culture that embraces teamwork, tenacity and creativity to win big for our clients. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning of the client’s story and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through active membership in M&A International, an exclusive global alliance of M&A advisory firms.