Trive and Five Crowns Add to Picture Head

Picture Head Holdings, a portfolio company of Trive Capital and Five Crowns Capital, has completed two add-on acquisitions with the buys of The Farm Post Production, and Finalé Post. Both companies provide post-production media services.

Post-production is the third stage of video or film development and follows pre-production, where the video is planned, and the second stage being production, where the video is filmed. Post-production generally includes everything that occurs after shooting has been completed and includes editing, color-correction, visual effects, animation, and distribution.

Both Farm Post and Finalé Post provide filmmakers, broadcasters, networks and major and independent producers with post-production content editing, finishing, visual effects, and storage services. Farm Post was founded in 1988 and has three locations in the UK – London (headquarters), Manchester, and Bristol – and one in Los Angeles. Finalé Post is headquartered in Vancouver, BC.

Trive Capital and Five Crowns acquired Picture Head in October 2018. Picture Head provides post-production content editing, finishing and storage services for feature film, episodic TV and other media studios. The company operates through three divisions – Picture Head, Picture Shop and Formosa Group – and has multiple locations in the Los Angeles area. Picture Head’s top-line growth is being buoyed by the proliferation of episodic television, both on streaming and cable platforms, and feature films. Picture Head is led by President Bill Romeo.

“Our strategy is to build a global company with best-in-class and talent and capabilities that focus on culture and philosophy. The Farm and Finalé bring talented teams and strong relationships that will help us continue to achieve our goal,” said Mr. Romeo. “This marks a very exciting step for Picture Head, and we can now offer our clients top creative talent on a global scale.”

The acquisitions of Farm Post and Finalé Post expand Picture Head’s footprint into Europe and Canada and will allow the combined platform to meet the ever-growing needs of its studio and streaming customers. “Picture Head Holdings’ growing geographic and capability reach will allow the company to continue to provide comprehensive post-production services in key global content-creation hubs,” said David Stinnett, a partner at Trive Capital.

Trive invests from $10 million to $150 million of debt or equity in North America-headquartered companies with revenues of $40 million to $1.5 billion. The firm is industry-agnostic but has specific experience across a wide range of sectors including aerospace and defense, automotive, building products, business services, chemicals, and consumer goods. In September 2017, Trive held a final closing of Trive Capital Fund III LP with $1 billion of capital commitments. The firm was founded in 2012 by Conner Searcy and Chris Zugaro and is based in Dallas (

Five Crowns invests in companies that have annual revenues of $20 million to $200 million and EBITDA of $4 million to $40 million.  The firm is industry agnostic but has specific interest in media and entertainment; cosmetics; building materials; technology and electronics; energy; manufacturing; distribution; healthcare; and life sciences. Five Crowns was founded in January 2003 and is headquartered in Newport Beach, CA (

© 2019 Private Equity Professional | October 11, 2019

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