Crestview Partners Acquires NEP from American Securities
December 28, 2012
Crestview Partners, a value-oriented PE firm based in New York, has acquired NEP Broadcasting and its affiliates from American Securities. Headquartered in Pittsburgh, NEP provides outsourced teleproduction services for live sports and entertainment events, services like remote production, studio production, video display and webcasts. Since American Securities acquired the company in 2007, NEP's revenue and employee base have both grown by more than 75%. Its new PE home, Crestview, has made several investments in the media sector, including OneLink, Charter Communications and CORE Media Group. Providing financing for the transaction were Barclays, Morgan Stanley and GE Capital.