Warshaw Leads Connoisseur Buyout
• Connoisseur Media has completed a management buyout in which members of management will now own substantially all of the company. This development is the culmination of a series of strategic moves in which the company has also recently closed on transactions that added to its Connecticut holdings while also entered the Frederick, MD market.
In a statement, Connoisseur Founder & CEO Jeff Warshaw (left) said, “[EVP/CFO] Mike Driscoll (right) and I started the company 15 years ago with the purchase of FCC Construction Permits in an auction. It’s gratifying to now be able to work with our major investor, Perot Holdings, to buy their stake in the company. They’ve been terrific partners to us. We are looking forward to growing our company, and we are excited that members of our senior management team are now owners. Ultimately, many of our employees will become stakeholders.”
Steve Blasnik of Perot Holdings stated, “We feel very fortunate to have had the opportunity to work with the best leadership team in the industry and two of the best leaders we have ever partnered with.”
Connoisseur Media is headquartered in Westport, CT and owns/operates 23 radio stations in seven markets: Bridgeport, Stamford/Norwalk and New Haven CT; Nassau-Suffolk, NY; Frederick, MD, Stroudsburg-Wilkes-Barre, PA and Billings, MT.
