JEGI Represents RTM Productions in Sale to Raycom Media
New York, NY, October 2, 2014 – Raycom Media announced today the acquisition of RTM Productions Inc., producer of the PowerNation and PowerBlock automotive television programs. RTM Productions will operate as a new division of Raycom Media. In addition, RTM co-founder Joe St. Lawrence will continue as RTM President and will continue to manage RTM operations at the company’s 50,000 square foot Tech Center in Franklin, Tennessee.
The Jordan, Edmiston Group, Inc. (www.jegi.com), the leading independent investment bank for the global media, information, marketing and technology sectors, headquartered in New York, NY, represented RTM Productions in this transaction and acted as its exclusive financial advisor.
“RTM is a great company with a proven 25-year track record of creating quality content and innovative, targeted marketing solutions,” stated Raycom Senior Vice President Pat LaPlatney. “RTM and Raycom Media are a great fit on many different levels, and in the months ahead we look forward to significant growth in the business. We are thrilled that RTM is now part of the Raycom Media team.”
“Our combination with Raycom Media brings the resources, scale and strength of one of the country’s largest independent broadcasters to help RTM increase our content and our marketing services to our advertisers,” said RTM founders Joe and Patty St. Lawrence. “We are proud to become part of the Raycom Media family.”
About RTM Productions
Founded by executive producers Patty and Joe St. Lawrence in 1989, RTM Productions is a content creator specializing in producing, distributing and marketing automotive tech shows. The company recently announced its expansion into motorsports events under the PowerNation brand. RTM currently airs four auto shows in a two-hour program block under its PowerNation title, including Xtreme Off Road, Engine Power, Truck Tech and Detroit Muscle. PowerNation blocks are distributed weekly on the NBC Sports Network, SpikeTV and the CBS Sports Network as well as online at PowerNationTV.com and the PowerNationTV app. For more information, visit www.rtmtv.com.
About Raycom Media
Raycom Media, an employee-owned company, is one of the nation’s largest broadcasters and owns and/or provides services for 53 television stations in 37 markets and 18 states. Raycom Media stations cover 13.1% of US television households and employ nearly 4,000 individuals in full- and part-time positions. In addition to television stations, Raycom Media owns Raycom Sports (a marketing, production and events management and distribution company), Tupelo-Honey Productions (a NY-based production company), Limerick Studios (a Charlotte, NC-based motion graphics design house), and Broadview Media (a post-production/digital signage company based in Montgomery, AL). Raycom Media is headquartered in Montgomery, Alabama. For more information, visit www.raycommedia.com.
About The Jordan, Edmiston Group, Inc.
The Jordan, Edmiston Group, Inc. (JEGI), headquartered in New York, NY, has been the leading independent investment bank for the global media, information, marketing and technology sectors for nearly 27 years. The firm has completed over 500 high‐profile M&A transactions, servicing global corporations; middle-market and emerging companies; entrepreneurial owners; and private equity and venture capital firms. For more information, visit www.jegi.com.
“The team at Jordan, Edmiston did a fantastic job representing us throughout our sale process, from developing a strategic plan to carrying it out through every step to closing. We could not have navigated our way through the deal without their guidance, attention to every detail and first class service. They did a great job working for us and with our buyer and made it happen. We highly recommend JEGI as the premier banker in the media space.”
– Joe & Patty St. Lawrence, Founders, RTM Productions