Shamrock Capital Closes On Investment In Learfield Communications
December 6, 2011 at 3:48 AM (PT)
SHAMROCK CAPITAL GROWTH FUND III has closed on an investment in radio sports and agriculture news company LEARFIELD COMMUNICATIONS, INC. LEARFIELD senior management remains in place, and founder CLYDE LEAR remains as a minority shareholder.
"We are extremely excited to partner with LEARFIELD COMMUNICATIONS as the company enters this exciting period of growth," said SHAMROCK Partner WILL WYNPERLE. "The company has a nearly forty year history in the college sports industry and is a trusted partner to some of the most storied and beloved programs in the country. We at SHAMROCK look forward to working with the LEARFIELD management team to further grow their business and build upon their great brand."
"I am thrilled to be working with the outstanding team of professionals at SHAMROCK," said LEARFIELD President and CEO GREG BROWN. "We have grown and evolved through the years, and we are honored to partner with SHAMROCK as we take our business to the next level. We have developed trust and close relationships with our partners in collegiate athletics and the business community, and we are thrilled to now enter a new era of growth with an organization with the same values that we rely on."
"This is an exciting new growth phase for the company I started many years ago," said LEAR. "I'm excited about its future and appreciate the hard work and dedication of our people, who have helped make LEARFIELD a stellar brand in the media business and college athletics."