Carpenter Media Group Acquires M. Roberts Media, Expands Texas Footprint
Deal News | Dec 06, 2024 | EIN
Carpenter Media Group has completed its acquisition of M. Roberts Media, a significant media entity based in Texas. The deal consolidates Carpenter Media Group's presence in the region and enhances its commitment to community-focused journalism. M. Roberts Media owns several well-known newspapers and magazines including the Longview News-Journal and Victoria Advocate. The acquisition was facilitated by media M&A firm Dirks, Van Essen & April. M. Roberts Media, a family-owned company since 1942, has been an important contributor to journalism in South and East Texas, with leadership by Stephen McHaney, the founder's grandson. Todd Carpenter, Chairman of Carpenter Media Group, aims to maintain this legacy while expanding innovative media solutions. Although financial terms of the transaction were not disclosed, this acquisition further strengthens Carpenter's portfolio across North America.
Sectors
- Media and Publishing
- Mergers and Acquisitions
Geography
- United States – Both Carpenter Media Group and M. Roberts Media are U.S.-based companies involved in the acquisition.
- Texas – M. Roberts Media has a significant presence in Texas, and the acquisition affects regional media outlets in this state.
Industry
- Media and Publishing – Both Carpenter Media Group and M. Roberts Media operate within the media and publishing industry, focusing on newspapers, magazines, and other publications.
- Mergers and Acquisitions – Dirks, Van Essen & April, a media merger and acquisition firm, facilitated the acquisition, making M&A a relevant component of the article.
Financials
- Not disclosed – The financial terms of the acquisition were not made public.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Carpenter Media Group | Acquirer | Company | A media group led by Todd Carpenter, specializing in newspapers and publications across the U.S. and Canada. |
| M. Roberts Media | Target Company | Company | A family-owned Texas-based media company known for its newspapers and magazines. |
| Dirks, Van Essen & April | Legal Advisor | Company | A media merger and acquisition firm assisting in the transaction. |
| Stephen McHaney | President of M. Roberts Media | People | Grandson of the founder of M. Roberts Media and current president and publisher. |
| Todd Carpenter | Chairman of Carpenter Media Group | People | Chairman of Carpenter Media Group and responsible for overseeing the acquisition. |