March 1, 2013
Huntington Broadcast Management Group, a broadcast television company recently formed to acquire and build a group of network-affiliated stations in small and medium-sized markets across the US, announced that it has selected EFA Partners, a specialized financial advisory firm focused on the media, communications and entertainment industries, as its exclusive financial advisor. EFA will assist Huntington with all aspects of its acquisition and capital formation efforts to achieve its growth plans.
Huntington is led by well-respected industry veterans with extensive operating and financial experience from management positions with the likes of Tribune Broadcasting, Sinclair Broadcasting, Montecito Broadcast Group and SJL Broadcast Group. They have been responsible for over $1.5 billion in total station revenues and have participated in the acquisition and divestiture of over 23 stations with over $650M deployed to fund acquisitions.
"We are acutely aware of the trends that are transforming the local broadcast TV business and have just begun to explore opportunities to acquire stations. We are very excited about the prospects for the industry and the opportunities to capitalize upon", stated David Tynan, Huntington's CEO. "We are also pleased to have EFA Partners as our financial advisor, as their many years of media industry experience and extensive financial relationships will help us accomplish our goal of building a best-in-class station group".
EFA Partners was founded in 2009 by three former executives of GE Capital's Media, Communications & Entertainment Group and has represented over 50 clients in a variety of transactions since its inception. The firm's focus is to provide its clients with debt and equity capital placement services and other financial and strategic advisory services in regards to acquisitions, dispositions, restructurings and valuations.
"We are extremely pleased to be selected by Huntington and look forward to assisting them with accomplishing their acquisition plans", said David Harrington of EFA Partners. "The management team is experienced and knowledgeable in the broadcast TV sector, and we are excited about working together and pursuing opportunities as they arise".
About EFA Partners
EFA Partners, with offices in New York and Atlanta, is a specialized financial advisory firm focused on the media, communications, and entertainment industries and provides clients with debt and equity capital placement services and other financial and strategic advisory services in regards to acquisitions, dispositions, restructurings and valuations. Senior leadership has over 90 years of industry experience and has been involved in financing and advisory transactions valued at over $5 billion.