Business

Clarion Backs Premiere Digital Services (MESA)

Clarion Capital Partners today announced that it has completed an investment in Premiere Digital Services. Premiere’s management team, Mark Lazar, Erik Anderson, AJ Sauer, and Steve Rosenberg will continue to lead the business and are investors in the Company alongside Clarion.

As part of the transaction, Mr. Lazar has been promoted to CEO, while Mr. Anderson, Mr. Sauer, and Mr. Rosenberg will remain in their current roles as President, COO, and CCO, respectively. The terms of the transaction, which closed on October 18th, were not disclosed.

With Clarion’s partnership, Premiere will look to augment the breadth of its digital media services, expand its geographic footprint, and accelerate growth of its industry leading software solutions. The Company will look to achieve these goals both organically and through targeted acquisitions.

“We’re very excited to be investing in Premiere and its best-in-class service offerings. The Company has an outstanding reputation in the marketplace, driven by its relentless focus on quality, innovation, and customer service,” said David Ragins, a Managing Director with Clarion. “We look forward to supporting the Company in its next phase of growth.”

“Our team has done a tremendous job building Premiere into an industry leader and trusted solutions provider,” said Mr. Lazar, CEO of Premiere. “We wanted to bring on a partner who truly believes in our business, as we do, and we found that in Clarion. This transaction should help us accelerate our growth and invest in new solutions to help us better serve our growing customer base.”

“The digital content marketplace is evolving and expanding rapidly, creating new challenges and complexities for our customers,” the founder and President of Premiere, Mr. Anderson, said. “Our new partner, Clarion, provides us with additional capacity to invest in solutions to address these challenges and scale our global media servicing capabilities.”