Deloitte Corporate Finance LLC Advises Bulk TV & Internet on its Recapitalization With Marlin Equity Partners

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Aug 24, 2018, 10:05 ET

RALEIGH, N.C., Aug. 24, 2018 /PRNewswire/ -- Deloitte Corporate Finance LLC (DCF) acted as exclusive financial advisor to MDU Enterprises, Inc., ABP Digital, Inc., and Mad Comet, Inc., collectively doing business as Bulk TV & Internet (Bulk TV), a leading integrator of enterprise video, data and voice solutions, on a recapitalization with Marlin Equity Partners (Marlin Equity). The transaction closed June 8, 2018.

Led by CEO Dave O'Connell, President Tom Conley, and COO Tim Conley, Bulk TV has developed into one of the largest "free-to-guest" platforms in the United States, serving over 500,000 rooms across the country. The company custom designs, engineers, installs and supports turnkey television solutions including free-to-guest satellite television systems, IPTV platforms, over-the top-content delivery and commercial-grade televisions to hotels, as well as health care, senior living and student housing properties nationally. For the past 14 years, Bulk TV has provided award-winning customer service, a full suite of guest experience products and services, while providing an intuitive, consolidated solution for lodging providers and institutions.

"We are excited to partner with Marlin Equity. Together, we will continue to execute on key strategic initiatives and expand Bulk TV's breadth of capabilities, while maintaining our dedication to customer service quality, loyalty and technology innovation – these are focus areas that help define Bulk TV," said Dave O'Connell, CEO of Bulk TV. "DCF's deep sector knowledge and strategic M&A capabilities allowed us to identify a strategic partner to drive future success. Their unwavering commitment to our team and process allowed for a highly-successful outcome."

"This transaction in the free-to-guest entertainment and connectivity solution segment is indicative of increasing consumer desire for more comprehensive and connected entertainment experiences in multidwelling venues. We expect partnerships like this to drive more transactions in the space," said Ron Rivera, managing director and national practice leader, technology, media and telecommunications, Deloitte Corporate Finance LLC.

About Bulk TV & Internet
Bulk TV & Internet is the single source integrator of technology solutions designed to meet the unique needs of commercial properties primarily within the hospitality, healthcare, student housing and health club industries. Bulk TV provides free-to-guest television programming and digital satellite TV systems, IPTV platforms, and over-the-top content delivery solutions in addition to enterprise-grade wireless network solutions and Mitel voice systems. Each customized solution receives thorough quality assurance throughout every step of the process, which includes engineering, project management, professional installation, a comprehensive service warranty and 24/7 technical support. For more information about Bulk TV visit www.bulktv.com.

About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company's outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 130 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.

About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial, and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. Deloitte Corporate Finance, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.

Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.

Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. For more information, visit www.investmentbanking.deloitte.com. Please see www.deloitte.com/us/about for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.

SOURCE Deloitte