Private equity firm Black Dragon Capital has signed an agreement with Belden Inc to acquire Grass Valley, a broadcast media solutions company. 

 

Black Dragon, which makes control investments in growth companies, will take full control of all Grass Valley’s assets. Black Dragon CEO and founder, Louis Hernandez, Jr. will become Executive Chairman of Grass Valley and Tim Shoulders will remain as the company’s president 

 

Hernandez, Jr. commented, “We see tremendous opportunity for transformation in the media technology market and believe that Grass Valley is in an ideal situation to lead the market through these changes. Under Belden’s leadership, the Grass Valley solutions portfolio has expanded and the business has developed a discipline that puts them in the upper quartile of the market in profitability. Black Dragon’s experience leading companies through digital transitions will allow Grass Valley to accelerate the next step in its evolution, bringing more innovative products to market faster.”

p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica}
p.p2 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; min-height: 14.0px}

reporter

Share this story

Share Televisual stories within your social media posts.
Be inclusive: Televisual.com is open access without the need to register.
Anyone and everyone can access this post with minimum fuss.