Balance Point Capital Partners, a private equity fund focused on providing debt and equity capital to lower middle market companies across the U.S. announced today a minority investment in Compass Media Networks, LLC (“Compass Media Networks”).
Founded in 2009 and headquartered in Rye, New York, Compass Media Networks is an entertainment company with a growing portfolio of well-branded audio programs reaching millions of consumers via broadcast on thousands of terrestrial radio stations nationwide as well as emerging digital media platforms, providing national advertisers unique sponsorships opportunities. Compass Media Networks was founded by Mr. Peter Kosann, who previously served as Chief Executive Officer of Westwood One and has held senior positions at Connoisseur Media and Bloomberg LP. Compass Media Networks’ sports portfolio consists of marquee play-by-play sports partnerships, including: the exclusive audio broadcasts for the Big Ten Men’s Basketball Tournament, Big Ten Football Championship, The Oakland Raiders Radio Network and the exclusive national radio rights to The Dallas Cowboys. Compass Media Networks’ non-sports portfolio includes radio programs such as: At Home with Bob Vila, Free Beer & Hot Wings, Big D & Bubba, Rick Dees Weekly Top 40, The Country Club with DeeJay Silver and The Wall Street Journal Radio Network.
“Balance Point is proud to be associated with Compass Media Networks and its management team” said Seth Alvord, Managing Partner with Balance Point. “We look forward to supporting Peter and his team as they continue to expand their syndicated radio broadcasting portfolio.”
Balance Point Capital Partners invests mezzanine and equity capital in select lower middle market companies. Since 1988, the firm and its predecessor funds have invested in over 75 distinct businesses. Balance Point Capital Partners takes a long-term, partnership approach to investing and are committed to building lasting relationships with private equity sponsors, management teams and intermediaries. Balance Point targets companies with EBITDA between $2 million and $25 million and typically invests $5 million to $20 million per transaction. Balance Point Capital Partners is based in Westport, CT.