Source Interlink Companies, Inc. (SORC) Acquisition History

Dec.15, 2007 in Market Outlook

Acquisition History

Acquisition History

Acquisition	Date	Price ($mm)
Mike Kessler and Associates, Inc.	05/1997	$2.5
Periodical Concepts	07/1998	$2.5
Yeager Industries, Inc.	01/1999	$3.5
U.S. Marketing Services, Inc.	01/1999	$26.3
Chestnut Display Systems, Inc.	02/1999	$5.4
MYCO, Inc.	02/1999	$18.4
132127 Canada, Inc. (Promark)	03/1999	CAN $1.5
Aaron Wire and Metal Products, Ltd.	07/1999	CAN $2.4
Huck Store Fixture Company	09/1999	$21.6
Arrowood, Inc.	09/1999	$1.3
The Interlink Companies, Inc.	06/2001	$19.0
Innovative Metal Fixtures, Inc.	05/2002	$2.6
PROMAG Retail Services, LLC	08/2004	$13.2
Empire State News Corp.	09/2004	$5.0
Alliance Entertainment Corp.	02/2005	$315.5
Chas. Levy Circulating Co.	05/2005	$29.7
Anderson SCN Services, LLC	03/2006	$9.0
Anderson Mid-Atlantic News, LLC	03/2006	$4.0

Source Interlink Companies Completes Acquisition Of Enthusiast Media; Announces Financing
August 1, 2007
Source Interlink Companies announced that it has completed its acquisition of PRIMEDIA Inc.’s Enthusiast Media division (EM), one of the providers of print and digital media content to the enthusiast community. As part of the transaction, the Company secured a financing package of approximately $1.65 billion from Citigroup Global Markets, Inc. and JPMorgan Chase Bank, N.A./J.P. Morgan Securities, Inc. Approximately $1.3 billion will be used to fund the purchase of EM, including associated transaction costs, and refinance amounts outstanding under Source’s existing revolving credit facility. The new $300 million revolving credit facility will be undrawn at close. EM will operate as the publishing division of Source Interlink, joining the Company’s Magazine Fulfillment, DVD/CD Fulfillment, and In-store Services divisions.

Source Interlink Companies To Acquire PRIMEDIA’s Enthusiast Media Segment
May 14, 2007
Source Interlink Companies, Inc. announced that it has signed a definitive stock purchase agreement to acquire PRIMEDIA Inc.’s Enthusiast Media division (EM) for approximately $1.2 billion. The all cash transaction combines EM’s industry-magazine content portfolio, containing over 70 magazine titles and 90 Web sites, with Source Interlink’s magazine distribution and merchandising platform, creating a vertically integrated media, publishing, merchandising and distribution company. To fund the acquisition, Source Interlink has secured a financing commitment from Citigroup Global Markets, Inc.

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