Access Media 3 Acquires SkyPix
Access Media 3, Inc. (AM3), the Midwest’s largest non-franchised provider of “triple-play” media services (satellite television, high-speed internet, and telephone) to multi-tenant residential, commercial, and multi-use properties, is pleased to announce the acquisition of SkyPix, LLC of Bloomington, Minnesota. Jordan Knauff & Company, an investment bank with offices in Chicago, Illinois, and Kansas City, Missouri, advised on the acquisition of 2,000 subscribers, which marks Access Media 3’s entrance into the Minneapolis/St. Paul, Minnesota market.
“This transaction marks the completion of one of our major 2008 goals – entering the Minneapolis/St. Paul market,” stated Scott Rediger, Chief Executive Officer for Access Media 3. “We are also excited to step into the shoes and assume the contracts of SkyPix, a company that shares AM3’s commitment to providing superior customer service and we believe the transition will be seamless to our customers.” Since its re-launch in January 2007, Access Media 3 has seen its Midwest operations grow from 3,000 subscribers to nearly 12,000 in 17 months. “We are ready to make the same type of impact in Minneapolis as we are making in Chicago,” said Rediger.
As part of the transaction, Jim Aufderheide, the founder and sole owner of SkyPix, will remain active with the company to help spearhead additional subscriber growth. “With the added resources of Access Media 3 behind us, we will be able to enhance our services further and bring them to the entire multi-dwelling unit (MDU) community in the Twin Cities,” said Aufderheide. “We are very excited about the future. ”
Access Media 3’s rapid growth over the last 17 months has included three acquisitions adding approximately 6,000 total subscribers and an aggressive organic sales plan adding another 3,000 subscribers.
Rediger, a veteran of the telecommunication industry is pleased with the progress to-date and confident there is plenty more ahead for Access Media 3. “I believe we have the necessary business plan and management team in place to continue rapid growth over the next 24 to 36 months,” says Rediger.
In addition to the purchase of SkyPix, LLC, Access Media 3’s acquisition strategy has resulted in two other recently completed transactions: the satellite assets of Tunnel Vision Technology, Inc. and inVision Networks. Access Media 3 will continue its targeted acquisition strategy along with its aggressive sales program.
About Access Media 3
Access Media 3, Inc., headquartered in Willowbrook, Illinois, provides triple-play media services (satellite television, high-speed internet, and telephone) to multi-dwelling resident and commercial customers in the Midwest. With a current base of 12,000 subscribers, Access Media 3 is the Midwest’s largest non-franchised triple-play media provider. For more information about Access Media 3, Inc., visit www.am3inc.com or contact Scott Rediger at 630-230-0555.
About Jordan Knauff & Company, LLC
Jordan Knauff & Company provides a comprehensive line of investment banking services to private companies of American business. Jordan Knauff & Company specializes in providing mergers and acquisitions advisory, capital formation, and strategic financial services to companies across the U.S. in a variety of industries. Typical transaction sizes range from $10 million to $300 million in total consideration.
To learn more about Jordan Knauff & Company, please visit www.jordanknauff.com or contact Mr. G. Cook Jordan, Jr. at firstname.lastname@example.org or 312-254-5901.