Grass Valley Acquisition Completed

Black Dragon Capital purchases leading TV solutions company from Belden.

Grass Valley has announced the completion of its acquisition by the private equity firm Black Dragon Capital, from Belden Inc. The completion of the transaction, announced earlier this year, puts Grass Valley in an ideal position to continue driving innovation as it leads the media and entertainment industry’s transition to a cloud-based future and pay-as-you-go business models.

As noted in the original transaction press release, Black Dragon Capital assumes full control of Grass Valley and all its assets. Belden will maintain a financial interest in Grass Valley and has entered into a multi-year Transition Services Agreement (TSA) to ensure the smooth handover of key business and operational systems from Belden to Black Dragon. Grass Valley is committed to continuing its innovation leadership in media technology to aid customers and partners who are adjusting their businesses to reflect these challenging times.

With the acquisition complete, Grass Valley will continue its day-to-day activities under the leadership of the company’s president, Tim Shoulders, without disruption.

“Grass Valley has shown itself to be the transformation partner for our customers time and again, leading the way with the transition from SDI to IP and now again with the move to cloud-based and SaaS solutions,” Shoulders said. “By leveraging Black Dragon’s experience, Grass Valley will be able to more effectively develop and deliver solutions that lead the media industry through its own digital transformation.”

Black Dragon’s founder and CEO, Louis Hernandez, Jr. commented, “Grass Valley’s strong client base, comprehensive product suite, advanced technology, outstanding service reputation and brand positions them well to lead and inspire this industry during a time of digital disruption. We are excited to be a part of their next phase working closely with the Grass Valley team.”

Shoulders continued, “The coming months will see us build on the recent successful launch of GV AMPP, the cloud-enabled, SaaS platform built specifically for broadcast. I’m thrilled to be at the helm as we work closely with Louis and his team to identify the most mutually beneficial ways to meet the needs of those in the media technology industry. There’s tremendous opportunity for growth as we transition to a software-defined future.”

You might also like...

Essential Guide: Multiviewers For Flexible Operations

IP and COTS infrastructure designs are giving us the opportunity to think about broadcast systems in an entirely different manner. Although broadcast engineers have been designing studio facilities to be flexible from the earliest days of television, the addition of…

The Shows Go On

The current social and medical situation with lockdowns and distancing is unleashing new ideas at local TV stations. Some will become the new normal.

Essential Guide: The Liberation Of Broadcast Technology

For many years broadcasters have been working with static systems that are difficult to change and upgrade. Although we have video and audio routing, the often-tangled mess of jackfield patch-cords is testament to how flexible broadcast systems really need to…

Server-Based “At Home” Workflows Provide Efficiency For NASCAR Productions

NASCAR Productions, based in Charlotte NC, prides itself on maintaining one of the most technically advanced content creation organizations in the country. It’s responsible for providing content, graphics and other show elements to broadcasters (mainly Fox and NBC), as w…

TV Director Treats Super Bowl Telecast Like Any Other Game

Like many professional football players themselves, CBS Sports Lead television director Mike Arnold tries to treat the Super Bowl as he would a regular season game, calling the same shots and camera angles—albeit with many more cameras at his d…