News | Press Releases
For Immediate Release
BIA DIGITAL PARTNERS INVESTS IN TRIO VIDEO - Investment Funds Growth of Leading Mobile Television Production Company
BIA Digital Partners and Marquette Capital Partners announced they have made a $10 million investment in Trio Video, a Chicago-based mobile television production company. Trio provides facilities and crews nationwide for broadcast and cable clients, entertainment companies, professional sports teams and major corporations. Trio performs mobile production services for the Chicago White Sox, Cubs, Bulls, Blackhawks and the Milwaukee Bucks. Trio also provides productions services on a "spot" basis for other entertainment and corporate events.
Trio Video is led by its founders, Jack Walsh and Gary Meagher. Jack Walsh stated, "We are pleased to have BIA Digital Partners and Marquette Capital as partners and look forward to working with them in executing our growth plans. The investment enables us to add additional high-definition trucks and support trucks to our fleet."
"We are enjoying growing customer demand for our services and this long-term junior capital in conjunction with our senior lender financing will enable us to grow with our existing and new customers," said Gary Meagher.
"Trio Video is a growth company with leading edge high-definition production equipment, long standing customer relationships, and focused management. We are delighted to team up with Marquette Capital Partners and the senior lender First Midwest Bank to help finance the growth of this exciting company," said Scott Chappell, a Principal with BIA Digital Partners. Kennedy Covington Lobdell & Hickman provided legal assistance to BIA Digital Partners and Marquette Capital.
About Marquette Capital Partners
Marquette Capital Partners is a private investment firm, established in 1997, that makes junior capital investments in mature lower middle market companies in the Central U.S. The investment focus is $2 million to $10 million sub debt and equity investments in closely-held or fund-owned businesses in a wide variety of industries. Through partnerships with financial institutions and ownership groups, the company has funded internal growth strategies, new acquisitions, buyouts and recapitalizations. In early 2004, the firm established an SBIC fund with investors consisting of 12 banking organizations and several wealthy families and individuals with total funding of approximately $80 million. For more information, go to www.marquettecapitalpartners.com.
About BIA Digital Partners
BIA Digital Partners is a private investment firm managing over $225 million. Financing is available for acquisitions, organic growth, recapitalizations and leveraged/management buyouts among other purposes. BIA Digital Partners maintains a focus on mid-to-later stage companies operating in the traditional and online media, entertainment, telecommunications, information and business and consumer services industries. Investments generally range from $4 to $12 million and are in the form of subordinated debt with warrants or preferred equity. For more information, go to www.biadigitalpartners.com.
BIA Digital Partners has two affiliates, BIA Capital Strategies, LLC and BIA Financial Network (BIAfn). BIA Capital Strategies provides merger and acquisition advice and arranges equity and debt funding. BIAfn, the nation's leading communications appraisal and valuation firm for more than two decades, assists with valuations, research and analysis, strategic consulting, and financial and operational consulting. For more information, visit www.biacapital.com and www.bia.com
For BIA Digital Partners:
Media: MacKenzie Lovings, (703) 802-2991, email@example.com
Corporate: Scott Chappell, (703) 227-9610, firstname.lastname@example.org
Damien Dovi, (703) 227-9650, email@example.com