Joe Covey & Matthew Davidge were featured in a recent Crain’s New York Business article about tips for small & mid-sized M&A.
Tips for successful small and midsize M&A
With market heating up, knowing the target industry is key.
By ELAINE POFELDT
The past few years were the perfect time for Joe Covey and Matthew Davidge to go on a buying spree at their media company, Interactivation.
In 2008, when many investors were retreating to the sidelines of mergers and acquisitions, the partners snapped up Mag Rack, a video-on-demand network offering shows on topics such as cooking and pet care, from Cablevision. The following year, they bought Concert.TV, another VOD network, from an investment group and flipped it. Finally, they scooped up The Newborn Channel and The Patient Channel from NBC in 2010.
Most of Interactivation’s transactions are in the $1 million to $10 million range. Its founders remain on the lookout for other deals, and for a simple reason.
“It’s lucrative,” said Mr. Covey, a technology and media entrepreneur. He and Mr. Davidge, formerly a management consultant at Bain & Co. and strategy consultant at MTV, are their own financiers.
Read the full article here: http://www.crainsnewyork.com/article/20110401/SMALLBIZ/110409999