TGP Capital Acquires Ascend Mediaâ€™s Event Media and Custom Publishing Division
TGP Investments, the manager of private equity investment funds, TGP Capital Partners, has acquired the Event and Custom Media Division of Ascend Media. The transaction was completed in partnership with Cameron Bishop, who will also serve as the company's CEO.
Ascend Media and the acquired Event Media and Custom Publishing Division are headquartered in Overland Park, KS. The acquired business and all employees of the division will continue to operate under the Ascend Media name.
In conjunction with the acquisition, TGP and Bishop announced that Barbara Kay, president of the division, has been promoted to company president.
"Barbara is an incredible manager and an instrumental part of the company," Bishop said. "She has earned tremendous respect among her team and clients as she has transitioned the business from an old school print only media company to a multi-faceted integrated media business that addresses clients’ communications and marketing needs in print and through a sophisticated portfolio of electronic media."
Eric Graham, TGP Managing Director, stated that "first and foremost, we have developed a strong relationship with Cam in recent years and we are thrilled to finally have the opportunity to partner with him on this acquisition. With Cam, Barbara and the rest of the team at Ascend Media, I feel highly confident in saying that we have one of the most experienced teams in the business. Beyond that, TGP was attracted to the business as an investment because of its compelling suite of media services and communications solutions for its clients. In researching both the company and communications trends today, it became immediately apparent that this business is both unique in its ability to serve clients and is on the cutting edge relative to the broad range of print and electronic products that the company can create and manage for its clients."
Bishop, who rejoins the company as both an investor and CEO, stated that "it's a strong business today with tremendous upside potential. … The majority of key clients have been with the company for more than 10 years and the company executes well over 400 projects a year."