Internet Marketing Firm PowerSites Media Acquired in an All-Cash Deal.
28 December 2017 - Los Angeles, US-based Internet marketing firm PowerSites Media has been acquired in an all cash deal, the firm said.
PowerSites Media is run by CEO McNair Zimbalist and COO Eli Pearlman.
Since 2009 PowerSites has provided Internet marketing and lead generation services to over 14,000 small business customers in Southern California.
McNair Zimbalist and Eli Pearlman acquired PowerSites from The PennySaver bankruptcy proceedings in July of 2015.
The PennySaver employed over 700 people in Southern California at the time and had been in business since 1962.
When McNair Zimbalist and Eli Pearlman took control of PowerSites they quickly recruited a new team and restructured the company into a profitable, streamlined and growing business over the course of the following two years.
A group of private equity investors lead by Jason Detar acquired PowerSites in an all cash deal.
PowerSites currently has three primary products all designed to get phone calls and foot traffic for its customers with 24 hours.
The three packages, PowerSites Professional Package, PowerSites SEO+ Package, and the PowerSites SEM Package, have helped thousands of Southern Californiabusinesses grow through high quality websites, search engine optimization, and Google and Bing Advertising.
Target: PowerSites Media
Buyer: Jason Detar-led investor group
Vendor: McNair Zimbalist and Eli Pearlman
Deal size in USD:
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Dec 28, 2017|
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