Slate Capital Group acquires Broadcast Sports Inc (BSI)
Private equity firm Slate Capital Group has announced that it has acquired Broadcast Sports Inc. (BSI) from L-3 Communications Corporation. BSI will operate as Broadcast Sports International, LLC following the transaction. The terms of the transaction were not disclosed.
For over 30 years, BSI has provided point-of-view coverage across a range of applications, from live sporting events such as the Olympics, Daytona 500 and the America’s Cup. In 2011, BSI opened its UK location, which provides exclusive RF over fiber systems, cameras and audio systems to production companies for news, sports, and other events throughout Europe and Asia.
The management of BSI, under the continued leadership of Peter Larsson, will remain with BSI and continue to execute its growth strategy. Larsson remarked: “The BSI team is appreciative of the support L-3 has provided over the years, and excited to work with Slate Capital in this new phase of growth.”
Parker Davis, managing member of Slate Capital Group, said: “BSI is well-known for its innovative technologies and customer focused approach, and fits within our strategy of investing in market leading companies in sustainable growth markets. We have been impressed with BSI’s products and track record of consistent execution, and look forward to working with Peter and the BSI team to build on this momentum.”