Slate Capital Group said Monday it has acquired Broadcast Sports Inc. from L-3 Communications Corp. Financial terms weren’t announced. Hanover, Maryland-based Broadcast Sports provides wireless technology and communications systems services for use in the field of sports television broadcasting.
BALTIMORE, May 4, 2015 /PRNewswire/ — Slate Capital Group, a private equity firm that partners with middle-market companies, announced that it has acquired Broadcast Sports Inc. (BSI), a leading provider of wireless (RF) technology and communications systems services for use in the field of sports television broadcasting, from L-3 Communications Corporation. BSI will operate as Broadcast Sports International, LLC following the transaction. The terms of the transaction were not disclosed.
BSI is the North American market leader in providing microwave transmission and custom remote controlled miniature camera systems to the broadcast industry. For over 30 years, BSI has provided point-of-view coverage across a range of applications, from live sporting events such as the Olympics, Daytona 500 and the America’s Cup. In 2011, BSI opened its UK location which provides exclusive RF over fiber systems, cameras and audio systems to production companies for news, sports, and other events throughout Europe and Asia. BSI employs highly skilled teams of design engineers, manufacturing technicians and operations personnel, who are focused on innovation and delivering custom solutions to customers around the world.
The management of BSI, under the continued leadership of Peter Larsson, will remain with BSI and continue to execute its growth strategy. Peter indicated, “The BSI team is appreciative of the support L-3 has provided over the years, and excited to work with Slate Capital in this new phase of growth.”
Parker Davis, Managing Member of Slate Capital Group said, “BSI is well known for its innovative technologies and customer focused approach, and fits within our strategy of investing in market leading companies in sustainable growth markets. We have been impressed with BSI’s products and track record of consistent execution, and look forward to working with Peter and the BSI team to build on this momentum.”
About Slate Capital Group
Slate Capital Group is a private equity investment group based in Baltimore, Maryland that partners with lower-middle market companies. Slate provides liquidity to business owners and growth capital to businesses for further expansion. Additional information can be found at www.SlateCap.com.