Sverica Invests in Stream Companies

Sverica Capital Management has made an investment in Stream Companies, a provider of marketing services to the automotive industry.

Stream Companies provides advertising and digital marketing services to automotive original equipment manufacturers and dealerships. The company’s FullThrottle SaaS platform uses both digital and traditional media strategies to promote brands, drive consumer traffic and build market share. Stream Companies is based near Philadelphia in Malvern, PA (www.streamcompanies.com) (www.fullthrottle.net).

David Regn and Jason Brennan founded Stream in 1996 and will continue to lead Stream in partnership with Sverica. “We are excited to partner with David and Jason to build upon their twenty-two years of consecutive growth and industry-leading customer and employee satisfaction. The Stream team has created a compelling technology-enabled solution that provides unique value to its customers, thus positioning Stream for continued success,” said Jordan Richards, a managing partner at Sverica.

Sverica invests from $10 million to $40 million in US or Canadian-based companies with enterprise values under $100 million. Sectors of interest include information technology, business services, healthcare services and high-value industrial products. Sverica, founded in 2001, has raised over $700 million of capital across four funds.

“Auto dealers and other consumer-facing businesses face intensifying competition for retail traffic amidst a rapidly evolving landscape of marketing vendors, media, and technology,” said Ryan Harstad, a principal at Sverica. “After years of market research, Sverica is confident that David, Jason, and the rest of ‘Team Orange’ have uniquely positioned Stream to give clients the edge they need to succeed.”

“Sverica has a track record of bringing high-level strategic guidance, talent development and analytic support to their partners. We couldn’t be more pleased to be partnered with Jordan, Ryan and the team,” said Mr. Regn and Mr. Brennan in a released statement.

Sverica has offices in Boston and San Francisco (www.sverica.com).

© 2019 Private Equity Professional | April 22, 2019

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