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2024-07-13 20:15:00 +0300

One Equity Partners Announces the Acquisitions of CoxReps and Gamut from Cox Media Group

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Benzinga
By Globe Newswire

NEW YORK and ATLANTA, July 13, 2024 (GLOBE NEWSWIRE) -- One Equity Partners (OEP) and Cox Media Group (CMG) today announced that they have entered into a definitive agreement for OEP to purchase CoxReps and Gamut.

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OEP is a middle-market private equity firm with approximately $10 billion in assets under management, focused on building market-leading companies through transformative combinations within the industrial, healthcare, technology, and media sectors in North America and Europe. CMG is an industry-leading media company with unparalleled TV and radio brands, award-winning content, and exceptional people.

Andrew Dunn, Managing Director of OEP, said, OEP is thrilled to begin its investment partnership with these two superb teams leading two companies at the forefront of the television advertising and digital streaming industries. While both CoxReps and Gamut are leaders in their respective markets, and will continue to operate as sibling companies, we expect to foster even greater collaboration between them, increasing the flow of advertising dollars into local video. We will assist these efforts with increasing investment in technology and by capitalizing on OEP's own deep expertise in the media industry.

CoxReps is the country's premier national television representation company, delivering local, smart media solutions on a national scale on behalf of the most respected broadcast groups in the United States. Gamut, the award-winning leader in local OTT media, helps brands connect with relevant streaming audiences in every DMA. CMG will continue its long-standing and valued commercial relationships with each business after the transaction closes. CoxReps will continue to represent CMG in national advertising, and CMG will maintain its business relationship with Gamut.

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