GORILLA NATION RECEIVES $50 MILLION+ GROWTH INVESTMENT FROM
GREAT HILL PARTNERS
Gorilla Nation Media, one of the world’s largest online
ad rep firms, has entered into a partnership with Great Hill
Partners, a Boston-based private equity firm focused on investing
in growth companies operating in the media, Internet, and
business and consumer services industries. Great Hill Partners
has invested over $50 million in the company for a significant
minority stake in the business. This represents Gorilla Nation's
first round of financing since its launch in 2001 by founders
Aaron Broder and Brian Fitzgerald.
In addition to operating the online ad rep business, Gorilla
Nation also operates in advertising technology development,
online marketing services and web content publishing. The
company plans on using the growth capital to develop new online
ad technologies and products, broaden its marketing services
offerings, aggressively pursue international expansion, and
acquire companies to grow its various business units. With
over 120 employees, Gorilla Nation plans on expanding staff
to exceed 200 employees, who will be located in six offices
in four countries by year’s end.
“While we’ve had many opportunities for funding,
we selected Great Hill Partners, as they demonstrated a unique
and comprehensive understanding of the online content and
marketing services industries,” stated Brian Fitzgerald,
company Co-founder and President. “We are excited to
continue to develop and expand the online ad rep model we’ve
pioneered in what we feel is a fast growing market with tremendous
opportunity. Independent web publishers need a voice, and
online marketers need an efficient, trustworthy partner to
place branded display advertising across quality websites.”
“Over the past several years, we were able to achieve
a leadership position in a highly competitive industry entirely
on our own, with no outside funding. This capital infusion
will allow us to aggressively pursue our business model both
here and abroad,” added Aaron Broder, Gorilla Nation
Co-founder and CEO. “We’ve proven the value of
the rep firm alternative to automated ad networks, and will
continue to build upon this as a platform for new services.
We’d also like to thank all of our advertisers, publishers
and employees who helped us get this far, this fast.”
Michael Kumin, Partner at Great Hill commented, “Gorilla
Nation represents an exciting opportunity to capitalize on
the favorable trends in the interactive advertising industry.
The company has built a unique asset that provides a valuable
service to advertisers, agencies and web publishers. We are
excited to partner with management to help the company meet
its goals.”
About Gorilla Nation Media, LLC
Gorilla Nation Media (www.gorillanation.com)
operates one of the world’s largest online ad sales
rep firms. The company exclusively represents over 500 leading
web publishers and sells integrated media and promotional
programs to Fortune 500 brand advertisers. Working closely
with its web publisher partners, Gorilla Nation’s expertise
within select vertical markets provides advertising clients
the ability to build high impact, integrated, rich media programs
across one or more properties to deliver superior audience
reach. Founded in 2001, Gorilla Nation is headquartered in
Los Angeles with offices in New York, Chicago, and Toronto.
About Great Hill Partners
Great Hill Partners (www.greathillpartners.com)
is a private equity firm that manages over $1.5 billion in
capital and focuses on investing in growth companies operating
in the media, Internet, business and consumer services, transaction
processing, and software industries.
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SUNSHINE CUSTOM PUBLISHING AND TRUE NORTH CUSTOM PUBLISHING
AGREE TO MERGE
Sunshine Holdings Corporation, an H.I.G. Capital portfolio
company, has acquired True North Custom Publishing (“True
North”), a leading health care custom publishing company.
True North will be merged with the Sunshine Custom Publishing,
Inc. division, uniting two fast-growth organizations into
America’s largest custom health care publishing company.
True North of Chattanooga, TN specializes in customized magazines,
newsletters and web content for local hospital clients and
regional/national health care systems. The company was launched
as a marketing group in 1988 and moved to high quality custom
publishing exclusively in 1998. Through its patented TrueCustom
process and quality custom publishing solutions, True North
currently serves over 135 health care organizations and publishes
over 500 issues per year bringing engagement, relevance and
accountability to its customers’ marketing efforts.
Established in 1982, Sunshine Holdings Corporation annually
publishes over 1,000 unique local magazine editions for brands
such as M.D. News, Doctor Dentistry, Builder/Architect and
Real Estate Executive magazines, and over 1,000 discrete reprint
marketing programs within its network of seven publication
titles and over 180 local market publishers.
Jim Martin is the President and Chief Executive Officer of
Sunshine Holdings Corporation, and David McDonald will continue
as President and Chief Executive Officer of True North Custom
Publishing. Mr. McDonald will be joined in divisional leadership
by Ann Farmer, currently Chief Operating Officer of True North,
and by Jason Provonsha, currently Vice President of Business
Development of True North.
“We are creating a powerful new force in the industry
with the business scale, high quality products, customer focus
and technology investments to offer the very best in custom
publishing services to our customers,” said Mr. Martin.
“Our immediate priority is on the rapid, seamless integration
of our two companies in a way that best serves our customers,
presents new growth opportunities for our employees and continues
to build on our successful custom publishing business platform.”
“This merger makes absolute sense for our employees
and our customers. It marks an unparalleled opportunity for
two successful, customer-driven organizations to unify with
a singular focus on being the leading custom publishing company
in the country,” said Mr. McDonald. “Together,
we truly improve the quality, experience and efficiency of
custom publishing on a much broader scale, and our health
care and other customers will benefit from new products and
services we will roll out to them.”
Charles Hanemann, Managing Director, H.I.G. Capital said,
“This is a defining moment, and the merger will signify
a real milestone in the custom publishing industry. Both companies
are passionate about what they do, and they have truly made
an impact on the health care market. Given the alignment of
their customer centric visions, world class production and
printing technologies, and overall growth strategies, the
synergy of these two companies will advance the competitive
presence of the company and expand its focus on vertical integration,
benefiting current and future customers.”
About Sunshine Media
Sunshine Media (www.sunshinemedia.com)
is a leading publisher of locally focused business-to-business
magazines covering high impact sectors of the economies of
the US and Canada. Sunshine Media also custom publishes a
number of titles, including MEDICO Interamericano for the
Interamerican College of Physicians & Surgeons, SEAA Connector
for the Steel Erectors Association of America and VAPA’s
INSIGHT Journal for the Virginia Academy of Physician Assistants.
About True North
True North Custom Publishing (www.truenorthcustom.com)
is America’s only full-service health care custom publisher
specializing in custom magazines, newsletters and web content
throughout the US. True North publishes magazines and newsletters
annually in several leading industries, including health care,
wellness, education and banking.
About H.I.G. Capital
H.I.G. Capital (www.higcapital.com)
is a leading private equity investment firm with more than
$3.5 billion of equity capital under management. Offices are
located throughout the US (Miami, Atlanta, Boston and San
Francisco), and Europe (London, Paris and Hamburg). The firm
specializes in providing capital to small and medium-sized
companies where it can play a significant role in helping
to unlock the value potential of the organization and its
people.
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