SLATE CAPITAL GROUP ACQUIRES BROADCAST SPORTS INC.

FOR IMMEDIATE RELEASE 

May 8, 2015

SLATE CAPITAL ACQUIRES BROADCAST SPORTS INC. FROM L-3 COMMUNICATIONS, INC.

(Baltimore, MD) – Slate Capital Group, a private equity firm that partners with lower-middle market companies, announced that it has acquired Broadcast Sports Inc. (BSI), a leading provider of wireless (RF) technology and communications systems services for use in the field of sports television broadcasting, from L-3 Communications Corporation. BSI (www.broadcast sports inc.com), will operate as Broadcast Sports International, LLC following the transaction. The terms of the transaction were not disclosed. 

BSI is the North American market leader in providing microwave transmission and custom remote-controlled miniature camera systems to the broadcast industry. For over 30 years, BSI has provided point-of-view coverage across a range of applications, including live sporting events such as the Olympics, Daytona 500, PGA Golf and the America's Cup. In 2011, BSI opened its United Kingdom location, which provides exclusive RF-over-fiber systems, cameras and audio systems to production companies for news, sports, and other events throughout Europe and Asia. BSI employs highly skilled teams of design engineers, manufacturing technicians and operations personnel, who are focused on innovation and delivering custom solutions to customers around the world. 

The management at BSI, under the continued leadership of Peter Larsson, will remain with BSI and continue to execute its growth strategy. Peter indicated, “The BSI team is appreciative of the support L-3 has provided over the years, and excited to work with Slate Capital in this new phase of growth.”

Parker Davis, Partner of Slate Capital Group said, “BSI is well known for its innovative technologies and customer focused approach, and fits within our strategy of investing in market leading companies in sustainable growth markets. We have been impressed with BSI’s products and track record of consistent execution and look forward to working with Peter and the BSI team to build on this momentum.” 

About Slate Capital Group (http://www.SlateCap.com)

Slate Capital Group is a private equity firm focused on acquiring controlling interests in small to mid-sized companies with $3 to $15 million of EBITDA. The Firm prefers companies headquartered in the Eastern half of the US and targets businesses operating in the business services, distribution, and light manufacturing sectors. Prospective companies typically exhibit recurring revenue, sustainable margins, identifiable growth opportunities, and significant barriers to entry. Slate Capital Group was formed in 2004 and is based in Baltimore, Maryland.

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For further information contact: 

Parker Davis 

Managing Partner 

Slate Capital Group 

410-560-3572