DALLAS, Aug. 17, 2016 /PRNewswire/ -- Pinecrest Capital Partners ("Pinecrest"), a Dallas-based investment banking firm that offers exclusive advisory services to middle market companies, today announced its role as exclusive financial advisor to Sound & Video Creations, Inc. in its majority sale to ChyronHego, a portfolio company of Vector Capital.
Based in Nashville, Tennessee, Sound & Video Creations is a leading developer of digital content management and delivery solutions for sports stadium presentations and broadcasts. The company is well-known for its Click Effects family of products for live A/V entertainment production, including CrossFire, Blaze, BackDraft, and Pro Audio. Headquartered in New York, ChyronHego is a global leader in products, services, and solutions for the broadcast and sports industries.
The deal was led by Pinecrest's senior investment bankers Barrett Kingsriter (Senior Managing Director) and Bobby Renkes (Director) and supported by Andrew O'Neal (Senior Associate) and Geoff Dunham (Analyst) and demonstrates Pinecrest's depth and scope of expertise in managing a competitive sale process involving a broad group of buyers, including those in the Fortune 500. By running an efficient transaction process, Pinecrest allowed the Company to focus on its ongoing operations and demonstrated Pinecrest's commitment to helping its clients achieve their business goals while securing a long-term strategic partner.
"I was impressed with Barrett and his team from our very first meeting. They were deeply knowledgeable about our niche industry and our competition and identified a host of suitable buyers," said Cliff Wight, President, Sound & Video Creations, Inc. "They took us through every step of the transaction process with ChyronHego. There's no doubt we found the best fit for Sound & Video Creations."
"Cliff Wight and the Sounds & Video Creations team were tremendous to work with on this transaction," added Barrett Kingsriter, Senior Managing Director for Pinecrest Capital Partners. "We quickly established a strong relationship with Cliff and his team, and our robust and ongoing communications really enabled our team to understand their vision and goals upfront and throughout the process. This deal is a great example of the successful outcomes we strive to deliver for our clients."
Pinecrest Capital Partners is a premier investment banking firm based in Dallas, Texas that offers exclusive advisory services to middle market companies across a variety of industries and is an expert in managing transaction processes. By focusing on high-touch advisory and one-stop solutions, Pinecrest works to position clients with the goal of maximizing transaction outcomes and realizing the full value of their companies. For more information about Pinecrest Capital Partners visit www.pinecrestcap.com.
The testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success.
Messrs. Kingsriter and Renkes are registered representatives of and Securities and Investment Banking Services are offered through BA Securities, LLC Member FINRA SIPC. Pinecrest Capital Partners and BA Securities, LLC are separate and unaffiliated entities.
SOURCE Pinecrest Capital Partners