Wexler Video in Telecorps fold
EmptyWexler Video has been acquired for an undisclosed sum by Telecorps Communications, an Indianapolis-headquartered acquisition company focused on the broadcast and media and entertainment industries, with backing by Miami-based private equity firm H.I.G. Capital.
Burbank-based Wexler provides video production and postproduction equipment and related services for television productions including reality programming, scripted productions and live events worldwide.
Telecorps comprises three former broadcasting and media technology executives. They are Rob McConnell, a former CEO of Enterprise Software; David Carfolite, a former vp and general manager of three affiliates for the Everett family in North Carolina and South Carolina; and James Rosenfield, a former president of CBS Television Network.
Wexler president and CEO Chris Thompson reported that he and the Wexler team would remain in place. Bob Wexler would have an advisory role.
"Telecorps is excited about teaming with Wexler," McConnell said. "Wexler will be an important platform for building a more extensive presence in serving both the production and postproduction segments."
"Our ability to tap into new financial and managerial resources has increased exponentially," said Thompson, who reported that as part of the strategy, Wexler expects to offer "more services across a wider spectrum of the entertainment industry. He added that Telecorps would be looking for complementary companies with an eye toward additional acquisitions.