FOR IMMEDIATE RELEASE April 25, 2008
Media Veteran Announces Venture to
NEW CANAAN, CT – Tom Kemp, a recognized media industry leader, has formed Oakstreet Media, LLC, a business media company based here. Kemp, most recently a managing director at private equity firm Veronis Suhler Stevenson, launched the company to seek out and acquire media properties in the business media and information markets.
Oakstreet is targeting low- and middle-market business-to-business media and companies with a mix of print, online,information, and event assets and strong vertical market leadership.
“The business-to-business media and information industry has provided significant returns to investors through several economic cycles,” noted Kemp. “As leading business media companies have diversified their offerings in response to market pressures over the past several years, many are nicely positioned for continued revenue and profit growth, even in the current economic environment. We are looking for strong companies to acquire, integrate and grow.”
Oakstreet Media’s acquisition strategy is to seek out leading media brands in attractive served markets with strong domain expertise among management and staff. The company has relationships with a select group of financial investors to provide equity capital to complete transactions.
Kemp has more than 30 years of experience in the business media industry, and a unique combination of experience in as both a private equity investor and senior operating management of leading business-to-business media companies. He has been CEO of both public and private media companies, including Miller Freeman and Penton Media, and has a strong track record of organic and acquisition growth.
From 2004-2008, Kemp was a Managing Director at Veronis Suhler Stevenson, the leading private equity firm investing in the media industry. VSS has been one of the most successful and largest investors in business-to-business media including investments in Hanley-Wood, Advanstar, Canon Communications, Access Intelligence, Ascend Media, Red7Media, Schofield Media, and Chemical Week Associates.
Contact Tom Kemp to discuss confidentially potential transactions, investments or consulting projects. Office: 203-801-9605; Cell: 203-246-3293, or visit the firm’s website at www.oakstreetmedia.com.
|Oakstreet Media, LLC | 112 Oak Street | New Canaan, CT 06840 | Tel: 203-801-9605|