ATLANTA, GA, December 19, 2023 – Encompass Digital Media (“Encompass” or the “Company”), a global managed service provider for TV networks, broadcasters, sports leagues, and OTT platforms, announced today that it has implemented a new ownership structure with an investor group led by affiliates of Cerberus Capital Management, L.P (“Cerberus”), a longstanding capital provider to the Company.
Encompass is a worldwide provider of video and communications solutions for tier-one clients spanning TV broadcasting, live events, streaming, radio, and government programming. The Company’s technology capabilities and its expansive network of facilities in North America, Europe, Latin America, and Asia Pacific enable it to capture, process, and stream content from any source, in any format, 24-hours-a-day, to audiences around the world.
Encompass will continue delivering its broad suite of solutions on a global scale while operating with enhanced strategic and financial flexibility to expand its leadership in an evolving media landscape. Encompass will look to build on existing partnerships with leading media companies as it continues to invest in the innovation and growth of its platform. The Company will be further supported in these initiatives by the investor group and Cerberus’ extensive industry experience, global network, and operational and technology resources.
Co-founder and Chief Executive Officer Bill Tillson will continue to lead the business alongside the existing management team. “Today’s announcement marks an exciting milestone for the future of Encompass,” said Mr. Tillson. “Cerberus is a renowned firm that brings invaluable industry knowledge as well as operational and technology capabilities to the table. They share our excitement about the opportunities ahead for Encompass, and with their support, we’ll keep building on our leadership and deliver for our customers on an expanded scale.”
“Over the past 15 years, Encompass has become a partner of choice for many media companies around the world,” commented Joseph Naccarato, Chief Credit Officer and Chief Operating Officer of Cerberus Business Finance. “In a dynamic content environment, the Company’s platform offers exceptional reach, reliability, and capacity in the delivery of high-quality, outsourced solutions globally. We’re looking forward to working alongside Encompass in its next phase of growth.”
About Encompass Digital Media
Encompass is a global managed services provider focused on supporting television networks, broadcasters (TV and radio), sports leagues and OTT platforms with the delivery of their linear/nonlinear video content and radio across television, digital and radio platforms. Services include: channel playout, global distribution, streaming, live events, disaster recovery and radio. For more information, please visit www.encompass.tv, and follow us on LinkedIn.
About Cerberus
Founded in 1992, Cerberus is a global leader in alternative investing with approximately $65 billion in assets under management across complementary credit, private equity, and real estate strategies. We invest across the capital structure where we believe our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. For more information about our people and platforms, visit us at www.cerberus.com.