Pacific Title & Art Studio, a Hollywood-based provider of post-production services to the film industry, has raised $3 million from Celerity Partners and Ticonderoga Capital.
Pacific Title & Art Studio, one of the film industry's leading providers of post production services, today announced the recent completion of a $3 million round of growth financing by Celerity Partners and Ticonderoga Capital. Separately, the company announced that it has promoted David McCarthy to President and Chief Executive Officer. David Miller has been elevated from his post as CEO to become chairman of Pacific Title and its parent company, Global Post Ventures.
“We are excited about the market opportunities we see now,“ said Miller. “Pac Title is truly unique in the breadth of services the company provides, and our strategy and comprehensive approach is paying off.“
The scope of Pacific Title's services has most recently been demonstrated by its work on Warner Bros.' highly anticipated live action feature Speed Racer, for which the company provided digital intermediate, 2D visual effects, trailer finishing and recording of release negatives to support worldwide release printing. As part of the project, Pacific Title's digital intermediate team met the unprecedented challenge of creating two separate DIs for the digital cinema and film releases, achieving a consistency between both formats in the film's rich, saturated color scheme that is crucial to the unique look of Speed Racer.
“It's always our goal to serve each film and the director's vision by meeting whatever challenges are presented and delivering the highest possible image quality,“ said Vice President and General Manager, Ladd Lanford. “We're exceptionally proud of what we accomplished for the filmmakers, both technically and artistically, with our work on Speed Racer.“
The investors, who purchased the Company in 2007, increased their investment as part of an ongoing growth strategy. “We continue to see Pacific Title, along with its 90 year heritage and reputation for quality, as an excellent platform for expansion,“ said Stephen Adamson, Managing Partner of Celerity Partners.
“We are glad to have strong, committed financial partners who share our view of the market,“ said President and CEO, David McCarthy. “I am personally pleased about the opportunity to partner with an experienced veteran like David Miller, and look forward to a period of continued expansion for Pac Title.“
About Pacific Title & Art Studio
A leading provider of digital & optical post production services, Pacific Title & Art Studio delivers unparalleled experience, creativity and expertise powered by a formidable history and forward-thinking approach. Pac Title has evolved and innovated with the changing trends and technologies of the film industry since 1919, and offers an array of services including Digital Intermediate, Visual Effects, Digital Trailer Finishing, Main Title Design, Scanning & Recording and Asset Management. The company is headquartered in
About Celerity Partners
Celerity Partners is a private equity fund whose objective is to build businesses, in partnership with management, to preeminence in their respective markets. Since its inception in September 1995, Celerity has invested in over 60 companies with an aggregate transaction value in excess of $2.5 billion. Celerity has offices in
Ticonderoga Capital is a later stage venture capital firm specializing in technology-enabled business services investments such as Pacific Title. Ticonderoga has offices in