Penn Valley Group (PVG), a sponsor of equity investments and leveraged buyouts providing a unique combination of operational and investment expertise to strategically position clients for success, today announced that it has completed an investment in FMP – the award-winning digital media and event production company that develops visually-driven business communications to reach its client’s goals. Through this investment, Penn Valley Group will provide long-term, strategic development and management support to the current Executive team at FMP. FMP’s management structure will remain unchanged.Penn Valley Group facilitated the sale of certain interests to new investors in order to provide liquidity to the existing shareholders and provide growth capital to support future operating endeavors. The equity interest was purchased for an undisclosed amount, the valuation of which was based upon current market multiples of operating income. The new investors in FMP represent the investment capital of a dedicated group of private investors as well as Wilmington-based mezzanine investor, Rockford Capital Group, and an established senior banking partner in National Penn Bank.
“We selected FMP not only for its 40-year track record of operating success in high-quality event management and visual oriented communications, but also in response to the increased adoption of sophisticated visual communications technologies among today’s leading corporations to bolster both on and offline business communications,” said Steve Zarrilli, co-founder and managing partner, Penn Valley Group. “By structuring and completing the investment, providing financial, operational and other management services, and enhancing corporate governance practices via our presence on the Board of Directors, Penn Valley Group is well positioned to positively impact the competitive advantage, profitability and shareholder value of FMP.”
As a result of this purchase, FMP will increase the size of its current Board of Directors by adding three new directors. PVG will maintain one board seat wherein, Steve Zarrilli, co-founder and managing partner of Penn Valley Group will serve as the Executive Chairman of the Board. The board will also include a representative from the new equity shareholders and an independent director to be named at a later date.
“The decision to work with Penn Valley Group was easy. The team at PVG provided us the necessary structure and strategic insight to effectively grow our business,” said Jeff Levin, President, FMP. “This deal allowed us to fully leverage Penn Valley Group’s unique blend of investment capability and management support and we’re excited to have them as a valued partner moving forward.”
Rather than force clients to engage multiple vendors, FMP provides a comprehensive and fully-integrated solution set all under one roof – including end-to-end video production, design and scriptwriting; full-scale corporate events planning, management and execution; on-demand and live web casting; and language translation and narration services. FMP employs experts in media design for business, video/filmmaking, and live television, as well as experts in internet protocols, web programming languages, and media compression processes. FMP project managers, writers, designers, technicians and engineers seamlessly interact to create best-in-class solutions focused on invigorating corporate communications while providing the highest possible return on investment.
“The demand for sophisticated visual oriented communications among today’s leading corporations is rising steadily and FMP is poised to capitalize on this opportunity,” said Ron Giannone, CEO/COO, FMP. “Penn Valley Group’s operational and investment expertise and proven track record for stimulating business growth will be critical as FMP continues to advance the adoption of strategic video-driven business communications.”
About Penn Valley Group
Penn Valley Group is a growth services organization offering a unique combination of strategic advisory and investment capabilities to benefit a diverse group of clients. With more than 50 years of combined business experience, Penn Valley Group’s principals have the vision and expertise to affect lasting change in enterprises seeking to enhance competitive advantage while successfully increasing profitability and shareholder value. For more information, please visit www.pennvalleygroup.com
About FMP
FMP is an award-winning digital media and event production company that focuses on bringing measurable improvement to vital business communications. With creative insight and proven technology, we help our clients reach their goals in sales, marketing, employee relations, corporate communications and training through effective, cost efficient solutions that leverage the latest in communications media. Based in Conshohocken, PA, FMP has 40 years experience providing innovative business communications solutions to clients such as SAP, DuPont, Boeing, University of Pennsylvania, Merck and Owens-Illinois among many others. For more information, please visit www.fmpmedia.com
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