03/30/2021
Citizens Advises Telestream on its Acquisition of Masstech
PROVIDENCE, RI – Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Telestream in its acquisition of Masstech. Telestream, a portfolio company of Genstar Capital, is a vertical market software business focused on the video space and is a global leader in media workflow orchestration, media streaming and delivery technologies. Masstech, based in Whiteley, England, and a portfolio company of FPE Capital, is a provider of hybrid cloud-based storage and asset lifecycle management solutions for the media and entertainment industry. It represents Telestream’s 10th acquisition, coming shortly after its purchase of EcoDigital.
Telestream develops products for media processing and workflow orchestration; live capture, streaming, production, video quality assurance, archive and content management; and video and audio test solutions that make it possible to reliably get video content to any audience regardless of how it is created, distributed or viewed. Telestream has corporate headquarters in Nevada City, Calif., and Westwood, Mass.
Scott Rhodes, managing director at Citizens, said: "It was exciting to get a front-row seat as Telestream strategically consolidated the archive content management sector for digital video with the acquisitions of Ecodigital and Telestream. We advised Ecodigital in its sale to Telestream, and then Telestream in the acquisition of Masstech. With these acquisitions, Telestream now has over 1,000 active customer content management systems in operation worldwide and is a leading media technology software brand.”
Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients’ true value. The Citizens team has closed more than 150 transactions in the last five years and has more than 60 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $183.3 billion in assets as of December 31, 2020. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,700 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.
