The Stream team has created a compelling technology-enabled solution that provides unique value to its customers, thus positioning Stream for continued success,” said Jordan Richards, Managing Partner at Sverica.
MALVERN, Pa. (PRWEB) April 17, 2019
Stream Companies, LLC (Stream), a leading retail advertising, technology and analytics provider, today announced a strategic investment from Sverica Capital Management LP (Sverica), a leading investment firm based in San Francisco, CA.
Founded in 1996, Stream has accomplished many “firsts” in helping automotive manufacturers and dealerships by delivering retail traffic to their physical stores. Today Stream is one of the largest advertising solution providers in the $10B tier three automotive advertising and technology market.
Stream will leverage Sverica’s resources and expertise to expand the company’s portfolio of technology solutions and allied services, geared towards improving advertising reach and efficiencies for automotive original equipment manufacturers (OEM) and automotive dealerships. This investment follows over twenty years of strong company growth during which Stream expanded its executive leadership team, invested heavily in SaaS product development and infrastructure build-out, completed multiple acquisitions while maintaining a strong culture, and formed extensive partner integrations.
“We are excited to partner with David and Jason to build upon their twenty-two years of consecutive growth and industry-leading customer and employee satisfaction. The Stream team has created a compelling technology-enabled solution that provides unique value to its customers, thus positioning Stream for continued success,” said Jordan Richards, Managing Partner at Sverica.
Ryan Harstad, Principal at Sverica, added “Auto dealers and other consumer-facing businesses face intensifying competition for retail traffic amidst a rapidly evolving landscape of marketing vendors, media, and technology. After years of market research, Sverica is confident that David, Jason, and the rest of ‘Team Orange’ have uniquely positioned Stream to give clients the edge they need to succeed.”
“Sverica has a track record of bringing high-level strategic guidance, talent development and analytic support to their partners. We couldn’t be more pleased to be partnered with Jordan, Ryan and the team,” said Co-Founders David Regn and Jason Brennan.
Today, Stream’s solutions include traditional and digital advertising services for automotive dealers and OEMs, as well as FullThrottle – their marketing and technology stack – which includes in-market shopper identification, an automotive-focused DMP and DSP dealership website platform, and a dealership one-to-one marketing tool utilizing real-time data.
About Stream Companies:
Stream Companies is an Integrated Advertising Agency and a SaaS based technology company for the retail and automotive industries. With over 20 years of experience in advertising and digital marketing, Stream Companies uses a data-driven and solutions-oriented approach to support businesses across the U.S. with their services. The company has been recognized by The Philadelphia Inquirer, Daily News and Philly.com as a 2019 Top Workplace, a 2018 Best Places to work in Pennsylvania, and is the recipient of the AWA’s Vanguard and Rising Star Awards for their FullThrottle Marketing Suite.
Sverica is a leading lower-middle-market-focused private equity firm that has raised over $700 million of investment capital across four funds. The firm acquires and actively builds companies that are, or could become, leaders in their industries. Since 2001, Sverica has maintained a "high touch" operating philosophy of taking an active role in portfolio companies. Sverica devotes significant internal resources to help its management teams develop and execute growth strategies. For more information, please visit http://www.sverica.com.
Stream Companies LLC
610-644-8637 x 229