SunBrite Holding Corporation (SunBriteTV, Thousand Oaks CA), a manufacturer of outdoor TV displays and digital signage solutions for residential and commercial applications, has been acquired by SnapAV (Charlotte NC), a manufacturer and exclusive distributor of installation-friendly audio, video and CCTV products to residential and commercial AV integrators. The announcement was made by Intrepid Investment Bankers, a middle-market investment bank.
SunBriteTV was a portfolio company of Bunker Hill Capital, a Boston-based private equity investor in lower middle-market companies, and SnapAV is a portfolio company of General Atlantic LLC, a global growth equity firm.
“SunBriteTV pioneered the outdoor television category and has become the market leader behind its reputation for providing the highest quality all-weather, outdoor TVs to the residential, commercial and digital signage markets. We appreciate the opportunity to represent Bunker Hill and SunBriteTV in this important process, and we believe SunBriteTV is poised for transformational growth under the ownership of SnapAV,” said Gary Rabishaw, Managing Director and Co-Head of the Consumer & Pro Electronics practice at Intrepid.
“Intrepid’s Consumer & Pro Electronics team demonstrated a deep understanding of SunBriteTV’s value drivers and the unique characteristics of the CEDIA distribution channel. They ran a highly professional and robust process, finding a compelling strategic acquirer for SunBriteTV and achieving a great result for the shareholders,” said Brian Kinsman, Managing Partner at Bunker Hill Capital.
In 2004, SunBriteTV launched the world’s first true outdoor TV. SunBriteTV models are designed, engineered and assembled in Thousand Oaks CA. SunBriteTV is also the outdoor TV of choice for many professional sports stadiums, including Yankee Stadium, Gillette Stadium, Wrigley Field, Soldier Field, Marlins Park and others.
Intrepid’s Consumer & Pro Electronics team has extensive experience advising middle-market clients on M&A, private equity capital raising and financing transactions.