St. Paul, Minn. — Merrill Corporation (www.merrillcorp.com), a global provider of secure content sharing, regulated communications and disclosure services, today announced it has, through one of its subsidiary companies, entered into an agreement to sell VITAC Corporation, based in Canonsburg, Pennsylvania, to The Gores Group (www.gores.com). Terms of the transaction were not disclosed. Waller Capital acted as exclusive financial advisor to Merrill Corp. in the sale of VITAC.
The divestiture furthers Merrill’s commitment and focus on solving its clients’ most complex content sharing, disclosure and regulated marketing challenges.
About The Gores Group, LLC
The Gores Group, founded in 1987 by Alec Gores, is a global investment firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. Over its 25+ year history, The Gores Group has become a leading investor having demonstrated a reliable track record of creating value in its portfolio companies alongside management. Headquartered in Los Angeles, The Gores Group maintains offices in Boulder, CO, and London. For more information, please visit www.gores.com.
About VITAC Corporation
VITAC Corporation is the nation’s largest provider of closed captioning and other accessible media services. VITAC provides live and prerecorded captioning solutions in English and Spanish, video description and digital media services for broadcast networks, cable TV, online video, and teleconferences worldwide. Among the company’s largest clients are NBC Universal, Discovery Networks, BBC America, CNN, C-SPAN, FOX, Turner Broadcasting, Warner Bros. Television, and the Federal Government. Founded in 1986, VITAC is headquartered in Canonsburg, PA and currently employs over 325 people, with some of the most tenured leaders in the industry.