Access Media 3 Raises $30 Million in Growth Equity
Meritage portfolio company and media services provider Access Media 3 (”AM3″) received $30 million in funding from ORIX Venture Finance and Petra Capital Partners. This financing supports AM3’s organic and acquisition-based growth initiatives, including the company’s recent expansion into the Mid-Atlantic region.
The company addressed both sides of its growth goals in 2011, expanding into the Florida telecom market with the acquisition of Peoples Choice Cable in Boca Raton while also setting company records for organic sales. AM3’s dramatic growth landed it on the 2011 Inc. 500 list of the fastest growing companies in the U.S.
AM3 supplies triple-play (TV/internet/voice) services to multi-dwelling unit properties in Florida, Georgia, Illinois, Minnesota, Tennessee, Virginia, and Washington D.C. The Company serves more than 50,000 subscribers in more than 500 properties.