H.I.G. Capital, based in Miami, acquired digital motion picture and post-production companies PostWorks and subsidiary Orbit Digital, Inc., as an addition to its Telecorps Holdings family of companies, which includes Wexler Video and Coffey Sound.
H.I.G. Capital, a leading Miami-based private equity firm, announced today the acquisition of PostWorks and its subsidiary Orbit Digital, Inc, as an addition to its Telecorps Holdings family of companies, which includes Wexler Video and Coffey Sound. PostWorks is the preeminent East Coast post-production finishing services provider, while Orbit Digital, with offices in both New York City and Los Angeles, is an elite worldwide provider of edit systems and on-site preview services. Both companies service feature film, broadcast network and cable clients.
“We formed Telecorps Holdings with the purchase of Wexler Video. Our intent has always been to add strong companies to that platform creating a comprehensive suite of services for customers from coast to coast. With the addition of PostWorks/Orbit Digital, we are well positioned to reach that goal. We believe this platform has tremendous growth opportunities,” says Elliot Maluth, Managing Director of H.I.G. Capital’s San Francisco office.
David Rosen, CEO of PostWorks/Orbit Digital, adds, “We have worked towards creating this kind of synergy for a long time. Customers are searching for the highest quality solutions with the fewest points of contact. They want a provider who can facilitate all aspects of the acquisition, editing and finishing of content. The aggregation of these companies provides that answer.”
PostWorks and Orbit Digital have collaborated with filmmakers on numerous Emmy Award-winning television series and Academy Award-winning feature films on lab, edit system, picture and sound finishing services. Recent titles include NBC’s “30 Rock,” HBO’s “In Treatment,” Showtime’s “Nurse Jackie,” ESPN’s “World Series of Poker,” Universal Pictures “Green Zone,” and 20th Century Fox’s “The Chronicles of Narnia: The Voyage of The Dawn Treader.”
Rob DeMartin, COO PostWorks/Orbit, comments, “The relationship with these respected brands is the beginning of a nationwide consolidation of superior providers in various segments of television and film production. We are sincerely proud to be an early partner in this effort.”
Chris Thompson, Wexler President & CEO, adds, “For years, our customers have been asking us to have a permanent presence in NYC and to support them in the scripted editorial space. We realized there was only one answer to those questions — PostWorks/Orbit Digital. Now we have a tremendous partner, not only well respected for their expertise, but very customer-centric and innovative. We couldn’t be happier.”
About PostWorks and Orbit Digital:
PostWorks is one of the film and television industry’s most comprehensive digital motion picture and post-production companies, offering one complete source for every postproduction requirement including film processing, telecine/scanning, non-linear editorial and picture finishing, HD mastering, Digital Intermediate workflows and film recording, as well as comprehensive film and TV sound services. In 2006, PostWorks merged with Orbit Digital, a leading global provider of mobile post production systems and support services, to broaden its collaboration with the feature film and television communities from locations in Los Angeles, London and New York. Together, PostWorks and Orbit Digital employ a worldclass team of artists, engineers and producers to serve Academy Award-winning filmmakers, cutting-edge independents and every major film studio and broadcaster. For more information, please call +1-212-894-4000, or visit www.postworks.com.
Wexler Video is a leader in production and post-production equipment rental to the broadcast and cable industries for more than 25 years. Combining cutting-edge technology with world-class engineering, Wexler creates custom workflows for a wide range of programming, including Emmy Award-winning series “Extreme Makeover: Home Edition” and “The Amazing Race.” From pioneering the wireless control room, to large-scale file based acquisition and digital asset management, Wexler is dedicated to setting the standard for innovative end-to-end solutions worldwide. For more information, please contact Jennifer Toney, Sales & Marketing Manager, at +1-818-846-9381 ext 385 or refer to the Wexler website at http://www.wexler.tv.
About Coffey Sound:
Los Angeles area’s premier audio rental and sales company; Coffey Sound caters to the top mixers in the television and feature film industry. Founder and CEO John Coffey works directly with audio professionals, leveraging his 30 years’ experience as a TV and Film mixer to offer consistently outstanding results. Whether it be Resul Pookutty, the production sound mixer for “Slum Dog Millionaire,” or Mark Weingarten, production sound mixer on “The Curious Case of Benjamin Button,” Coffey’s clientele are treated to an unrivaled customer experience. For more information, please call +1-888-293-3030 or visit http://www.coffeysound.com.
About H.I.G. Capital:
H.I.G. Capital is a leading global private equity investment firm with more than $7.5 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, New York, and San Francisco in the U.S., as well as affiliate offices in London, Hamburg and Paris in Europe, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding, H.I.G. has invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes companies with combined revenues in excess of $7 billion. For more information, please refer to the H.I.G. website at http://www.higcapital.com.