ABRY Partners

ABRY Partners is a private equity firm headquartered in Boston, Massachusetts that focuses on investments in media. Since 1989, the firm has completed over $62.0 billion of leveraged transactions and other private equity and mezzanine investments, representing investments in more than 550 properties.

The company's name derives from the initials of its two founders, Andrew Banks and Royce Yudkoff.[1]

Current and previous areas of investment include cable television, publishing, radio and television broadcasting, and other media and communications sectors.[2] Notable past, present, and future investments include Act III Broadcasting, Cygnus Business Media, Nexstar Broadcasting Group, Muzak Holdings, Legendary Pictures, Consolidated Theatres, F+W Media, Language Line, Citadel Broadcasting, Monitronics and RCN Corporation.

ABRY Partners
Private Ownership, Limited liability company
IndustryPrivate Equity
Founded1989 by Andrew Banks and Royce Yudkoff
Headquarters888 Boylston
Boston, Massachusetts, U.S.
ProductsInvestments, private equity funds
Total assets$12.0 billion
Number of employees
41
Websitewww.ABRY.com

History

ABRY-logo
Previous ABRY logo, in use through 2010

ABRY Partners was found in 1989 by Andrew Banks and Royce Yudkoff, two former Bain & Co. alumni.[1] In June 1990, Qintex Entertainment sold its stake in HR Broadcasting Co., which owned two TV stations, to ABRY Communications, an ABRY Partner company.[3]

Abry Broadcast Partners II and Perry Sook, a TV investor, created Nexstar Broadcasting Group in 1996. Nexstar was taken public with Abry holding onto a controlling interest.[1]

In October 2010, ABRY Partners acquisition of Outsourced staffing provider 'Comforce Corp' (CFS) for $84.8 million.[4]

In August 2015 ICANN President/CEO Fadi Chehadé announced that, after his term ends, he will take the position of Senior Advisor on Digital Strategy for ABRY.[5]

Selected Investments

Notable past investments include Cygnus Business Media, F+W Media, Muzak Holdings, Legendary Pictures, Consolidated Theatres and Citadel Broadcasting. In addition, Abry has invested in Act III Broadcasting,[6] Atlantic Broadband,[7] B&H Education[8] Kidz Bop,[9] Nexstar Broadcasting Group,[10] and Thomsons Online Benefits[11]

References

  1. ^ a b c Colman, Price (May 9, 2007). "PRIVATE EQUITY: SO WHO ARE THESE GUYS?". TVNewsCheck.com. p. 2. Retrieved 5 January 2018.
  2. ^ "ABRY PARTNERS, INC. Company Profile". Hoover's. Retrieved 20 November 2015.
  3. ^ Citron, Alan (June 6, 1990). "Qintex Entertainment to Sell Virtually All of Its Assets". Los Angeles Times. Retrieved December 31, 2017.
  4. ^ "Comforce To Be Bought By ABRY Partners For About $84.8 Mln". RTTNews. 2 November 2011. Archived from the original on 21 November 2015.
  5. ^ Chehadé, Fadi. "My Transition from ICANN CEO". 17 August 2015. ICANN. Archived from the original on 6 September 2015. Retrieved 17 August 2015.
  6. ^ "Act III to sell 8 TV Stations" Los Angeles Times, June 22, 1995
  7. ^ "ABRY and Oak Hill Capital sell Atlantic Broadband to Cogeco Cable".
  8. ^ "B&H Education - Quad Partners".
  9. ^ "Razor & Tie Buys Back Kidz Bop".
  10. ^ "Abry to Sell 3.5M Shares of Nexstar Broadcasting".
  11. ^ "Thomsons Online Benefits Secures Significant Investment to Exploit Global Trend for Benefits Control".

External links

111 Huntington Avenue

111 Huntington Avenue is a Boston skyscraper. Located on Huntington Avenue, it is part of the Prudential Center complex that also houses the Prudential Tower. Completed in 2002, the tower is 554 feet (169 meters) tall and houses 36 floors. It is Boston's ninth-tallest building. It won the 2002 bronze Emporis Skyscraper Award. It is sometimes given the unofficial nickname The R2-D2 Building after the Star Wars droid's top.

Abry (disambiguation)

Abry may refer to:

Abry, French surname

Abry Jones (born 1991), American American football player

ABRY Partners, American media company

Act III Broadcasting

Act III Broadcasting was a company that owned several television stations that started as independents, and later became Fox affiliates. The stations were located in medium-sized DMA's (markets) and were primarily UHF stations. Act III Broadcasting was in business from 1985 to 1994 when it was sold to ABRY Partners for $500 million. Legendary TV producer Norman Lear owned a controlling stake in Act III Broadcasting through his company Act III Communications.

Act III Communications

Act III Communications is a diversified media and entertainment company owned by TV producer Norman Lear. It was started in 1985 following Lear's sale of Embassy Communications to The Coca-Cola Company. In a Wall St. Journal interview in 1988, Lear explained the name by noting that in a Shakespeare play there are always more than three acts and that he expects there to be an Act IV and V. Act III is Lear's business vehicle and is unconnected to his other activities as a political activist and philanthropist.

Brinks Home Security

Brinks Home Security is a professional security company which operates in most states throughout the United States. It was originally in business from 1999 in the US but then went through a commercial re-brand to Broadview Security. ADT then bought the company in 2009. In 2018, MONI Smart Security purchased the name rights for Brinks and then re-branded officially - reopening Brinks Home Security.

Brinks Home Security - now back in the market - has re-opened with new security systems, incorporating smarter technology and z wave devices. Its new systems re-brand also comes with their new statement 'Be Sure Sure' which comes with new television advertisement showing off that statement. Their new systems also come with a new form of technology known as ASAPer - an advanced monitoring technology service which comes as standard with all Brinks systems. The company also claims that ASAPer is 10x faster than most alarm monitoring services in the United States - responding to emergency situations in just 30 seconds or less. Which would make it one of the nations fastest response from a home security company.

Brinks Home Security is a brand of home security systems.

Brink's had a business line in home security named Brink's Home Security that accounted for 15% of Brink's revenue in 2008; it decided that year to spin the business off, in order to focus on its other businesses. The company was rebranded as Broadview in 2009 with a massive and controversial advertising campaign. In 2010 Broadview was merged into ADT, which became a standalone company in 2011.In 2018 Brink's re-entered the home security business through a trademark licensing deal, re-creating the "Brink's Home Security" brand.The trademark deal was done with Moni, a US private company headquartered in Farmers Branch, Texas that sells home security company systems that can be self-installed or professionally installed.Monitronics International was founded in Dallas in 1994 to provide alarm monitoring services to U.S. customers and businesses, as well as financing, technical training and product solutions to dealers within the industry. It was funded mostly by ABRY Partners until it was sold to Ascent Media in December 2010. As of 2015 it was the second largest security alarm monitoring company in the United States, behind ADT.In 2013, MONI purchased Security Networks, a network of about 225 security dealers, for $507 million to diversify its service offerings and enter into the developing and complementary DIY home service category.In 2015, Monitronics acquired LiveWatch, a Kansas-based that sold security alarm and home automation systems for DIY installation. The company was founded in 2002 under the name Safemart by Chris Johnson, a former Kansas paramedic. Initially, SafeMart distributed home security products from third-party manufacturers. In 2010, Johnson hired CEO Brad Morehead. By 2015 the company had grown to have 180 employees and had around 200,000 customers in the United States, and was acquired by Monitronics for $67 million.In 2016, Monitronics International changed its name to Moni; along with it, its logo and other style elements were changed.In February 2018 Moni exclusively licensed its trademarks and businesses to Brink's, which resulted in a rebranding of Moni and LiveWatch as Brinks Home Security.

Cygnus Business Media

Cygnus Business Media is a diversified microcap business-to-business media company, providing 1.7 million readers annually, according to the company, with many business media options, including business publications, trade shows, online opportunities, custom publications, directories, buyer's guides, advertising card decks, research and more.

CyrusOne

CyrusOne, Inc. is a real estate investment trust that invests in carrier-neutral data centers and provides colocation and peering services. It is headquartered in Dallas, Texas.As of December 31, 2017, the company owned 45 operating data center facilities in 12 markets, including 10 markets in the United States, as well as London and Singapore.The company has approximately 1,000 customers including enterprises, network operators, cloud providers, and supporting service providers.

Fadi Chehadé

Fadi Chehadé (Arabic: فادي شحادة) (born 1962) is an information technology executive, founder of RosettaNet and former Chief Executive Officer (CEO) of ICANN.

KORE Wireless

KORE Wireless Group is a wireless network data provider headquartered in Alpharetta, Georgia.The company specializes in Machine to machine (M2M) and Internet of things (IoT) solutions and technology. KORE maintains an installed base serving multiple vertical markets, including automotive, healthcare, energy and utilities, insurance, transportation, and retail. KORE's major areas of focus for value-added IT services are technology consulting, device engineering and certification, and M2M application integration.

Link Mobility Group

Link Mobility Group AS is a global provider within mobile communications, specializing in messaging, digital services and data intelligence. The Group offers a wide range of scalable solutions across industries and sectors, focusing on creating digital convergence between businesses and customers, platforms and users.

The Group is headquartered in Oslo, Norway and is owned by ABRY Partners, located in Boston, USA. In 2017, Link Mobility had a total turnover of 1,294 million NOK with offices in Norway, Sweden, Denmark, Finland, Estonia, Latvia, Bulgaria, Germany, Spain, Poland, France, Switzerland, Austria and Italy.

List of Massachusetts companies

This is a list of companies located in Massachusetts.

Masergy Communications

Masergy Communications ( MAY-sər-jee) is a software defined networking services company founded in 2000 and headquartered in Plano, Texas. The company provides Secure Hybrid Networking, Managed Security, and Cloud Communications.Masergy's customers include Huisman, Pattonair, PRGX, Inc., Eurostar, Dolby Laboratories, and the Hallmark Channel.Masergy was acquired by Berkshire Partners in 2016 for an undisclosed amount, and had been previously acquired by ABRY Partners LLC, a private equity investment firm, for an undisclosed price.

Media Rights Capital

Media Rights Capital (abbreviated as MRC) is an American independent film and television studio founded by Mordecai (Modi) Wiczyk and Asif Satchu. MRC specializes in the creation of premium content. It has full in-house development, physical production, legal, finance and corporate development teams. MRC has distributed its films through many major domestic and international distributors in the industry. MRC's best-known productions include House of Cards and several films by Universal Pictures.

MRC's investors include Guggenheim Partners, AT&T, WPP Group, Goldman Sachs and ABRY Partners.On February 1, 2018, Eldridge Industries formed Valence Media, a new media company consisting of Media Rights Capital, The Hollywood Reporter, Dick Clark Productions, and Billboard.

RCN Corporation

RCN Corporation, originally Residential Communications Network, founded in 1993 and based in Princeton, New Jersey, was the first American facilities-based ("overbuild") provider of bundled telephone, cable television, and internet service delivered over its own fiber-optic local network as well as dialup and DSL Internet service to consumers in the Boston, New York, eastern Pennsylvania, Washington, D.C., and Chicago areas.

As of 2006, RCN claimed over 424,000 domestic customers and 130 cable franchises. As of 2013 RCN's network offered coverage to approximately 3.8 million people, making it the 11th largest provider of cable Internet access in the U.S. Its operations, as well as sister company Grande Communications are handled under affiliate Patriot Media Consulting.

RCN serves in or around the following locations: Allentown, Pennsylvania; Boston, Massachusetts; Chicago, Illinois (limited coverage); Washington, D.C.; New York City, New York; and Philadelphia, Pennsylvania.

Securus Technologies

Securus Technologies is an American prison technology company. It was founded in 1986 and is headquartered in Dallas, Texas with regional offices located in Carrollton, Texas, Allen, Texas, and Atlanta, Georgia. The company employs approximately 1,000 people and is reported to have contracts with 2,600 correctional facilities in the United States. Securus announced in July 2016 that it had invested more than $600 million in technologies, patents and acquisitions in three years.

Sidera Networks

Sidera Networks is a New York City-based, privately held, United States owned, telecommunications company that provides fiber optic-based network solutions to the carrier, financial services, education, healthcare, government, legal services and media industries. The company was acquired by Lightower Fiber Networks on April 11, 2013.

Thomsons Online Benefits

Thomsons Online Benefits is a global benefits management and employee engagement software company that also provides consultancy services related to reward, workplace pensions and employee benefit programmes. With offices in London, Singapore and Cluj, Romania, the firm employs over 500 staff.

Basic investment types
History
Terms and concepts
Investors
Related financial terms

This page is based on a Wikipedia article written by authors (here).
Text is available under the CC BY-SA 3.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.