Carpenter Media Group Expands Reach with M. Roberts Media Acquisition
Deal News | Dec 06, 2024 | EIN
Carpenter Media Group has successfully acquired M. Roberts Media, a renowned entity in the Texas media landscape. M. Roberts Media, a family-owned company, operates seven award-winning newspapers and a plethora of magazines that serve Victoria and East Texas. This acquisition represents Carpenter Media Group's commitment to enhancing community-focused journalism. The transition of ownership is widely seen as beneficial for the continuous provision of quality journalism. M. Roberts Media, with its roots dating back to 1942, expanded significantly under family leadership. Dirks, Van Essen & April, a Santa Fe-based media M&A firm, facilitated the transaction. The financial details remain undisclosed. Carpenter Media Group is poised to leverage its extensive experience, particularly under Todd Carpenter, who has led operations across multiple states to sustain the standards set by M. Roberts Media.
Sectors
- Media
- Merger and Acquisition
Geography
- United States – The transaction involves U.S.-based companies, with a focus on Texas, where M. Roberts Media operates its various publications.
- Texas – M. Roberts Media is a significant player in the Texas media landscape, providing a local focus to the acquisition.
Industry
- Media – The acquisition involves media companies engaging in newspapers and publications, highlighting their role in local journalism and media solutions.
- Merger and Acquisition – This industry pertains to the transaction between Carpenter Media Group and M. Roberts Media, facilitated by a media M&A firm.
Financials
- Not Disclosed – The financial terms of the acquisition between Carpenter Media Group and M. Roberts Media have not been made public.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Carpenter Media Group | Buyer | Company | A media conglomerate led by Todd Carpenter, focused on community-based journalism and media solutions. |
| M. Roberts Media | Target | Company | A family-owned media company with a portfolio of newspapers and magazines across Texas. |
| Dirks, Van Essen & April | Legal Advisor | Company | A media merger and acquisition firm that represented M. Roberts Media in the transaction. |
| Todd Carpenter | Chairman of Carpenter Media Group | Person | Leader of Carpenter Media Group, with extensive experience in media operations across the U.S. |
| Stephen McHaney | President of M. Roberts Media | Person | Part of the family ownership legacy, continuing involvement with M. Roberts Media operations. |