Bertram Capital Exits Best Version Media
- Editor
- Jan 28
- 2 min read
What's Happening: Bertram Capital has completed the sale of Best Version Media (BVM) to H.I.G. Capital Partners. BVM, a provider of print and digital advertising solutions for local small and medium-sized businesses, represents Bertram's 21st exit since 2006.
The Key Moves:
Bertram deployed its High 5sm strategy and leveraged Bertram Labs to grow BVM's core magazine business and introduce digital services.
BVM invested in developing digital services, including targeted advertising, listings, reputation management, and local sports content.
The transaction was led by Stephens banking team, with support from Canaccord Genuity.
By The Numbers :
BVM serves over 30,000 local small and medium-sized businesses across the U.S. and Canada.
The company operates in over 1,000 micro markets.
Bertram Capital has raised over $4.0B of capital commitments since its inception in 2006.
Key Quotes:
"BVM represented a unique opportunity to partner with a talented, visionary group of founders and executives in an important corner of the SMB advertising market," said Ryan Craig, Partner at Bertram Capital.
"The Bertram team, led by Ryan Craig and Mitch Vashon, was the ideal fit for BVM. They enhanced our core business and delivered what they promised in helping support our digital growth initiatives," said Dave Durand, Co-Founder of BVM.
"Not only did Bertram bring exceptional technology talent in the form of Bertram Labs, but they also helped us strategically improve our business through key hires and a data-focused approach to operations management," added Kevin O'Brien, CEO of BVM.
The Bottom Line: Bertram Capital's successful exit from Best Version Media demonstrates the firm's ability to leverage its High 5sm strategy and in-house technology team to drive growth and value in the SMB advertising market. The sale to H.I.G. Capital Partners positions BVM for continued expansion of its print and digital advertising solutions.
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