Raycom Media announced today the acquisition of RTM Productions Inc., producer of the PowerNation and PowerBlock automotive television programs. RTM Productions will operate as a new division of Raycom Media. In addition, RTM co-founder Joe St. Lawrence will continue as RTM President and will continue to manage RTM operations at the company’s 50,000 square foot Tech Center in Franklin, Tennessee.
JEGI CLARITY (www.jegiclarity.com), the leading independent investment bank for the global media, information, marketing and technology sectors, headquartered in New York, NY, represented RTM Productions in this transaction and acted as its exclusive financial advisor.
“RTM is a great company with a proven 25-year track record of creating quality content and innovative, targeted marketing solutions,” stated Raycom Senior Vice President Pat LaPlatney. “RTM and Raycom Media are a great fit on many different levels, and in the months ahead we look forward to significant growth in the business. We are thrilled that RTM is now part of the Raycom Media team.”
“Our combination with Raycom Media brings the resources, scale and strength of one of the country’s largest independent broadcasters to help RTM increase our content and our marketing services to our advertisers,” said RTM founders Joe and Patty St. Lawrence. “We are proud to become part of the Raycom Media family.”
The team at JEGI CLARITY did a fantastic job representing us throughout our sale process, from developing a strategic plan to carrying it out through every step to closing. We could not have navigated our way through the deal without their guidance, attention to every detail and first class service. They did a great job working for us and with our buyer and made it happen. We highly recommend JEGI CLARITY as the premier banker in the media space.
Joe & Patty St. Lawrence, Founders, RTM Productions