Encompass Digital Media Receives Private Equity Investment from Court Square Capital Partners
Court Square will acquire a majority interest in the company from selling shareholders including Wasserstein & Co. L.P.
Following the close of the transaction, which is subject to customary closing conditions, CEO Simon Bax and COO Bill Tillson, the existing management team, will remain in place.
The investment is expected to allow Encompass to continue to expand the range of services and the geographical coverage that it provides to its customers.
The company, which owns and operates state-of-the-art, broadcast facilities throughout the United States, United Kingdom and Asia, provide broadcasters, cable networks, corporations and government entities with customized solutions for the management and distribution of content.
With global access to large satellite and fiber footprints, the company has 24/7/365 Teleport facilities and technical personnel in Los Angeles, CA; Atlanta, GA; New York, NY; Stamford, CT; Lino Lakes and Minneapolis, MN; Burbank, CA; London, U.K.; and Singapore.